Mahickra Chemicals Limited IPO (Mahickra Chemicals IPO) Detail

Apr 16, 2018 - Apr 18, 2018

Incorporated in 1994, Gujarat based Mahickra Chemicals Limited is engaged in the business of manufacturing and trading of Reactive Dyes. The company manufactures 40 various types of Reactive Dyes. The products of the company cater to textiles & garments manufacturers. It also offers specialty performance chemicals to the Textile Dyeing and printing industry.

Mahickra has a production capacity of approx. 900 tons per annum. The manufacturing facility of the company is situated at Vatva GIDC in Gujarat. The facility is spread over 2 storeyed 700 sq. meters in area. It is an ISO 9001:2015, ISO 14001:2015 and GOTS certified company. The company had 18 employees on its payroll as on 31st January 2018.

Mahickra Chemicals IPO Details

IPO Date Apr 16, 2018 to Apr 18, 2018
Listing Date Apr 26, 2018
Face Value ₹10 per share
Price ₹24 to ₹25 per share
Lot Size 6000 Shares
Total Issue Size2,100,000 shares
(aggregating up to ₹5.25 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME

Mahickra Chemicals IPO Reservation

QIB Shares Offered0 (0.00%)
NII (HNI) Shares Offered996,000 (47.43%)
Retail Shares Offered996,000 (47.43%)
Market Maker portion108,000 shares
Total Shares Offered2,100,000

Mahickra Chemicals IPO Tentative Timetable

Mahickra Chemicals IPO opens on Apr 16, 2018, and closes on Apr 18, 2018.

Event Tentative Date
Opening Date Apr 16, 2018
Closing Date Apr 18, 2018
Basis of Allotment Apr 23, 2018
Initiation of Refunds Apr 24, 2018
Credit of Shares to Demat Apr 25, 2018
Listing Date Apr 26, 2018
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Mahickra Chemicals IPO Lot Size

The Mahickra Chemicals IPO lot size is 6000 shares.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹150,000
Retail (Max) 1 6000 ₹150,000
Lot Size Calculator

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 2562.24 1817.89 1781.93 2089.50 1063.95
Total Revenue 4225.85 3478.82 4275.15 4355.99 1932.94
Profit After Tax 35.27 15.17 8.60 17.36 9.31

Objects of the Issue

The object of the Issue are:

1. Funding the working capital requirements of the Company;
2. General Corporate Purposes

Mahickra Chemicals IPO Review (Avoid)

[Dilip Davda]  Considering aggressive pricing ofMahickra Chemicals NSE SME IPO, there is no harm in giving it a miss. Read detail review...

Mahickra Chemicals IPO Subscription Status (Bidding Detail)

The Mahickra Chemicals IPO is subscribed 27.85 times on Apr 18, 2018 5:00:00 PM. The public issue subscribed 9.88 times in the retail category, times in the QIB category, and 22.42 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Mahickra Chemicals IPO Prospectus

Mahickra Chemicals IPO Rating

Rating:Rated 4.0 stars
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Mahickra Chemicals IPO Listing Details

Listing Date Apr 26, 2018
BSE Script Code
ISIN INE961Y01015
Final Issue Price ₹25 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Mahickra Chemicals Limited
Plot No. 1209, Phase-3 GIDC Vatva

Phone: 079-25890811/25832692
Email: info@mahickra.com
Website: http://www.mahickra.com

Mahickra Chemicals IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Mahickra Chemicals IPO Analysis

Mahickra Chemicals IPO Recommendation Summary

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Members 0 0 0

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Mahickra Chemicals IPO FAQs

Mahickra Chemicals IPO is a SME IPO of 2,100,000 equity shares of the face value of ₹10 aggregating up to ₹5.25 Crores. The issue is priced at ₹24 to ₹25 per share. The minimum order quantity is 6000 Shares.

The IPO opens on Apr 16, 2018, and closes on Apr 18, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Mahickra Chemicals IPO opens on Apr 16, 2018 and closes on Apr 18, 2018.

Mahickra Chemicals IPO lot size is 6000 Shares and the minimum order quantity is .

You can apply in Mahickra Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Mahickra Chemicals IPO will be done on Apr 23, 2018, and the allotted shares will be credited to your demat account by Apr 25, 2018. Check the Mahickra Chemicals IPO allotment status.

The Mahickra Chemicals IPO listing date is on Apr 26, 2018.
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Mahickra Chemicals IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



36. Small Investor |   Link |May 3, 2018 12:59:21 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dilip ji is sme ipo ko avoid krne k liy kha tha ab dekh lo IPO ko rs 20 upar h
35. IPOANALYSIS |   Link |Apr 26, 2018 9:58:36 AM
What a stellar listing. Huge subscription made this happen. It's all abt demand and supply
35.1. RAJ KUMAR BANSAL |   Link |Apr 26, 2018 8:23:50 PM
Dear IPOANALYSIS ji ,Kindly let me know if INTRA_DAY trading is allowed or not in SME plateform. Thanks.
35.2. DIVYANSHS |   Link |Apr 26, 2018 10:52:02 PM

please ignore this bast*** dharmesh bhai
yeh coolsunshine ka fake id hoga.
jab he lost with you in mishar dhatu stock yeh create kar raha hai fake id to comment on the post
34. traderji |   Link |Apr 26, 2018 10:26:53 AM
I am confuse How is it more than 20% up
34.4. traderji |   Link |Apr 26, 2018 2:19:55 PM
Earlier we have very good IPO with good demand but it stop at 20%
Who decide this price equibilirum
34.5. Tejas pandya |   Link |Apr 26, 2018 10:16:19 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)

This confuses me also.. earlier some forum members explained that after new rules set by sebi upper circuit days are gone..can someone explain??
33. v for vendetta |   Link |Apr 26, 2018 11:33:41 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Mind blowing listing!!!
Congrats to all allottes
32. DownriteVJ |   Link |Apr 25, 2018 2:38:53 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
0/2 :( :(
31. Sourabh jain |   Link |Apr 24, 2018 3:30:49 PM
Sir expected listing of mahickra
31.1. INVESTIGATOR |   Link |Apr 24, 2018 4:18:07 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Listing Date : 26th April 2018
30. INVESTIGATOR |   Link |Apr 24, 2018 3:14:32 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Allotment Out

* Really Disappointed
29. Hiteshji |   Link |Apr 24, 2018 3:07:21 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Allotment aa gaya hai.....chk website.....
28. DownriteVJ |   Link |Apr 23, 2018 5:16:22 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Allotment tomorrow eod
27. share blaster |   Link |Apr 23, 2018 1:21:19 PM
gujrat ki company kya jada achi hoti h kya
26. DownriteVJ |   Link |Apr 18, 2018 3:46:03 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
This message has been removed by a moderator.
26.3. Tejas pandya |   Link |Apr 19, 2018 2:59:31 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)

Now very curious k aisa kon sa message tha jo moderator ne remove kar diya.. ha ha.. can u post again?
26.4. DownriteVJ |   Link |Apr 23, 2018 1:00:08 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)

it was just the subscription number. Not sure why it was removed. :P
25. share blaster |   Link |Apr 23, 2018 10:34:44 AM
jinko allotment aaygegi vo party deni chiye
gmp ek dam se jump kiya h hmari city me to
sub to 20000
24. INVESTIGATOR |   Link |Apr 22, 2018 10:42:00 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
* Mahickra Chemicals IPO :

Finalization of Basis of Allotment       23rd April 2018
Initiation of Refunds       24th April 2018
Credit of Equity Shares:       25th April 2018
Listing Date:       26th April 2018
23. Hiteshji |   Link |Apr 21, 2018 9:21:52 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Allotment is on Wednesday...
22. Dharmesh bhai |   Link |Apr 20, 2018 10:47:04 PM
Mahickra buyer @3rs in grey.
21. ramesh patel |   Link |Apr 19, 2018 3:04:56 PM
SUBJECT 2 @15000
20. share blaster |   Link |Apr 19, 2018 10:10:17 AM
friends itna subscription watch krne k bad bi grey market me active ku ni mahickra chemicals gmp vhi ka vhi h
19. IPOANALYSIS |   Link |Apr 19, 2018 1:01:04 AM
Did not apply.
Surprised to see such high subscription
anyways all the best to allotees. it will be difficult allotment.
19.1. Umang and his ultrasonic uproar |   Link |Apr 19, 2018 9:38:47 AM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
Really surprised to see mahickra getting good subscription, even better than bombay seeds. Mahickra is nothing in front of meghmani & bodal, but god knows what really encourage RII for subscription.
By the way u r damn correct on MDL, but I think most RII & HNI have sold off in first few days, only investors like u will reap the benefits of recent upsurge. Congrats.
19.2. Umang and his ultrasonic uproar |   Link |Apr 19, 2018 9:48:11 AM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
18. DownriteVJ |   Link |Apr 18, 2018 5:01:31 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)

Retail 33.44X
HNI 22.46X

Total 27.95X
17. INVESTIGATOR |   Link |Apr 18, 2018 4:17:58 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
At 4.15 PM
No. of times issue is subscribed in retail category      29.28
No. of times issue is subscribed      25.29