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.

Company Promoters:

The Company is promoted by Miteshkumar Champaklal Gandhi, Ashishkumar Champaklal Gandhi and Komal Mitesh Gandhi. The promoters hold, in aggregate 31,30,264 Equity Shares representing 60.97% of the pre-issue paid up Capital of the Company.

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 Details

IPO DateApr 16, 2018 - Apr 18, 2018
Issue TypeBook Built Issue IPO
Issue Size2,100,000 Eq Shares of ₹10
(aggregating up to ₹5.25 Cr)
Face Value₹10 Per Equity Share
IPO Price₹24 to ₹25 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtNSE SME

Mahickra Chemicals IPO Tentative Date / Timetable

Bid/Offer Opens OnApr 16, 2018
Bid/Offer Closes OnApr 18, 2018
Finalisation of Basis of AllotmentApr 23, 2018
Initiation of RefundsApr 24, 2018
Credit of Shares to Demat AcctApr 25, 2018
IPO Shares Listing DateApr 26, 2018

Mahickra Chemicals IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹150,000
Maximum16000₹150,000

Mahickra Chemicals IPO Subscription Status (Bidding Detail)

Mahickra Chemicals IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

996,000

996,000

1,992,000

Apr 18, 2018 17:00

22.42x

9.88x

27.85x

Mahickra Chemicals IPO Prospectus

Mahickra Chemicals IPO Rating

149
4.0
Rating:Rated 4.0 stars

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Mahickra Chemicals IPO Listing Date

Listing DateThursday, April 26, 2018
BSE Script Code
NSE SymbolMAHICKRA
Listing In
ISININE961Y01015
IPO Price₹25 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹25.00
Open:₹35.00
Low:₹35.00
High:₹36.75
Last Trade:₹36.75
Volume:924,000

Mahickra Chemicals IPO Reviews / Ratings

Company Contact Information

Mahickra Chemicals Limited
Plot No. 1209, Phase-3 GIDC Vatva
Ahmedabad-382445


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

Mahickra Chemicals IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Mahickra Chemicals IPO FAQs

  1. 1. What is Mahickra Chemicals IPO?

    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 price of the IPO is ₹24 to ₹25 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When Mahickra Chemicals IPO will open?

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

  3. 3. How to apply for Mahickra Chemicals IPO?

    Mahickra Chemicals IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Mahickra Chemicals IPO allotment?

    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.

  5. 5. When is Mahickra Chemicals IPO listing date?

    The Mahickra Chemicals IPO listing date is on Thursday, April 26, 2018, at NSE SME.
  6. 6. What is the lot size of Mahickra Chemicals IPO?

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

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Mahickra Chemicals IPO Review / Comments

Small Investor
36. Small Investor  May 3, 2018 12:59
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dilip ji is sme ipo ko avoid krne k liy kha tha ab dekh lo IPO ko rs 20 upar h
IPOANALYSIS
35. IPOANALYSIS  Apr 26, 2018 09:58
What a stellar listing. Huge subscription made this happen. It's all abt demand and supply
RAJ KUMAR BANSAL
35.1. RAJ KUMAR BANSAL  Apr 26, 2018 20:23
Dear IPOANALYSIS ji ,Kindly let me know if INTRA_DAY trading is allowed or not in SME plateform. Thanks.
DIVYANSHS
35.2. DIVYANSHS  Apr 26, 2018 22:52
IPOANALYSIS sir ji

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
traderji
34. traderji  Apr 26, 2018 10:26
I am confuse How is it more than 20% up
traderji
34.4. traderji  Apr 26, 2018 14:19
Earlier we have very good IPO with good demand but it stop at 20%
Who decide this price equibilirum
Tejas pandya
34.5. Tejas pandya  Apr 26, 2018 22:16
@traderji

This confuses me also.. earlier some forum members explained that after new rules set by sebi upper circuit days are gone..can someone explain??
v for vendetta
33. v for vendetta  Apr 26, 2018 11:33
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Mind blowing listing!!!
Congrats to all allottes
DownriteVJ
32. DownriteVJ  Apr 25, 2018 14:38
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
0/2 :( :(
Sourabh jain
31. Sourabh jain  Apr 24, 2018 15:30
Sir expected listing of mahickra
INVESTIGATOR
31.1. INVESTIGATOR  Apr 24, 2018 16:18
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Listing Date : 26th April 2018
INVESTIGATOR
30. INVESTIGATOR  Apr 24, 2018 15:14
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Allotment Out

ZERO out of THREE
* Really Disappointed
Hiteshji
29. Hiteshji  Apr 24, 2018 15:07
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Allotment aa gaya hai.....chk website.....
DownriteVJ
28. DownriteVJ  Apr 23, 2018 17:16
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Allotment tomorrow eod
share blaster
27. share blaster  Apr 23, 2018 13:21
gujrat ki company kya jada achi hoti h kya
DownriteVJ
26. DownriteVJ  Apr 18, 2018 15:46
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
This message has been removed by a moderator.
Tejas pandya
26.3. Tejas pandya  Apr 19, 2018 14:59
@downritevj

Now very curious k aisa kon sa message tha jo moderator ne remove kar diya.. ha ha.. can u post again?
DownriteVJ
26.4. DownriteVJ  Apr 23, 2018 13:00
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
@TEJAS

it was just the subscription number. Not sure why it was removed. :P
share blaster
25. share blaster  Apr 23, 2018 10:34
jinko allotment aaygegi vo party deni chiye
gmp ek dam se jump kiya h hmari city me to
sub to 20000
INVESTIGATOR
24. INVESTIGATOR  Apr 22, 2018 10:42
Top Contributor Top Contributor (200+ 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
Hiteshji
23. Hiteshji  Apr 21, 2018 09:21
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Allotment is on Wednesday...
Dharmesh bhai
22. Dharmesh bhai  Apr 20, 2018 22:47
Mahickra buyer @3rs in grey.
ramesh patel
21. ramesh patel  Apr 19, 2018 15:04
SUBJECT 2 @15000
share blaster
20. share blaster  Apr 19, 2018 10:10
friends itna subscription watch krne k bad bi grey market me active ku ni mahickra chemicals gmp vhi ka vhi h
IPOANALYSIS
19. IPOANALYSIS  Apr 19, 2018 01:01
Did not apply.
Surprised to see such high subscription
anyways all the best to allotees. it will be difficult allotment.
Umang and his ultrasonic uproar
19.1. Umang and his ultrasonic uproar  Apr 19, 2018 09:38
IPO Mentor IPO Mentor (500+ Posts, 500+ 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.
Umang and his ultrasonic uproar
19.2. Umang and his ultrasonic uproar  Apr 19, 2018 09:48
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
MDL MEANS MISHRA DHATU LIMITED
DownriteVJ
18. DownriteVJ  Apr 18, 2018 17:01
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)

Retail 33.44X
HNI 22.46X

Total 27.95X
INVESTIGATOR
17. INVESTIGATOR  Apr 18, 2018 16:17
Top Contributor Top Contributor (200+ 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






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