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 Opening DateApr 16, 2018
IPO Closing DateApr 18, 2018
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹24 to ₹25 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtNSE SME
Issue Size2,100,000 Eq Shares of ₹10
(aggregating up to ₹5.25 Cr)

Mahickra Chemicals IPO Tentative Timetable

The Mahickra Chemicals IPO open date is Apr 16, 2018, and the close date is Apr 18, 2018. The issue may list on Apr 26, 2018.

IPO Open DateApr 16, 2018
IPO Close DateApr 18, 2018
Basis of Allotment DateApr 23, 2018
Initiation of RefundsApr 24, 2018
Credit of Shares to Demat AccountApr 25, 2018
IPO Listing DateApr 26, 2018

Mahickra Chemicals IPO Lot Size

The Mahickra Chemicals IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).

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

Mahickra Chemicals IPO Subscription Status (Bidding Detail)

The Mahickra Chemicals IPO is subscribed 27.85x times on Apr 18, 2018 17:00. The public issue subscribed 9.88x in the retail category, in the QIB category, and 22.42x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

22.42x

RII

9.88x

Total

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. 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 is priced at ₹24 to ₹25 per equity 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.

  2. When Mahickra Chemicals IPO will open?

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

  3. 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.

  4. How to apply for Mahickra Chemicals IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. 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.

  6. When is Mahickra Chemicals IPO listing date?

    The Mahickra Chemicals IPO listing date is on Thursday, April 26, 2018.

Mahickra Chemicals IPO Message Board

Ranked Members  Ranked Members

Loading...
36. Small Investor |May 3, 2018 13:59
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Dilip ji is sme ipo ko avoid krne k liy kha tha ab dekh lo IPO ko rs 20 upar h
35. IPOANALYSIS |Apr 26, 2018 10:58
IPO Guru IPO Guru (1700+ Posts, 1300+ Likes)
What a stellar listing. Huge subscription made this happen. It's all abt demand and supply
35.1. RAJ KUMAR BANSAL |Apr 26, 2018 21:23
Dear IPOANALYSIS ji ,Kindly let me know if INTRA_DAY trading is allowed or not in SME plateform. Thanks.
35.2. DIVYANSHS |Apr 26, 2018 23:52
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
34. traderji |Apr 26, 2018 11:26
I am confuse How is it more than 20% up
34.4. traderji |Apr 26, 2018 15:19
Earlier we have very good IPO with good demand but it stop at 20%
Who decide this price equibilirum
34.5. Tejas pandya |Apr 26, 2018 23:16
@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??
33. v for vendetta |Apr 26, 2018 12:33
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Mind blowing listing!!!
Congrats to all allottes
32. DownriteVJ |Apr 25, 2018 15:38
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
0/2 :( :(
31. Sourabh jain |Apr 24, 2018 16:30
Sir expected listing of mahickra
31.1. INVESTIGATOR |Apr 24, 2018 17:18
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Listing Date : 26th April 2018
30. INVESTIGATOR |Apr 24, 2018 16:14
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Allotment Out

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

Now very curious k aisa kon sa message tha jo moderator ne remove kar diya.. ha ha.. can u post again?
26.4. DownriteVJ |Apr 23, 2018 14:00
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
@TEJAS

it was just the subscription number. Not sure why it was removed. :P
25. share blaster |Apr 23, 2018 11:34
jinko allotment aaygegi vo party deni chiye
gmp ek dam se jump kiya h hmari city me to
sub to 20000
24. INVESTIGATOR |Apr 22, 2018 11:42
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
23. Hiteshji |Apr 21, 2018 10:21
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Allotment is on Wednesday...
22. Dharmesh bhai |Apr 20, 2018 23:47
Mahickra buyer @3rs in grey.
21. ramesh patel |Apr 19, 2018 16:04
SUBJECT 2 @15000
20. share blaster |Apr 19, 2018 11:10
friends itna subscription watch krne k bad bi grey market me active ku ni mahickra chemicals gmp vhi ka vhi h
19. IPOANALYSIS |Apr 19, 2018 02:01
IPO Guru IPO Guru (1700+ Posts, 1300+ Likes)
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 |Apr 19, 2018 10:38
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.
19.2. Umang and his ultrasonic uproar |Apr 19, 2018 10:48
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
MDL MEANS MISHRA DHATU LIMITED
18. DownriteVJ |Apr 18, 2018 18:01
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)

Retail 33.44X
HNI 22.46X

Total 27.95X
17. INVESTIGATOR |Apr 18, 2018 17:17
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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