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Incorporated in 1995, Ahmedabad based Mahip Industries Limited is a company engaged in the manufacturing of packaging materials.
The company's product portfolio includes Stagguard, Box, Corrugated Boxes, Corrugated Boxes with Partition, Corrugated Boxes With Lid, Printed Corrugated Boxes, Customized Corrugated Boxes, Laminated Corrugated Boxes, Bituminized corrugated boxes, Corrugated Cartons/Printed, Corrugated Cartons, Heavy Duty Corrugated Boxes, Multicolor Printed Cartons, Corrugated Sheets, Corrugated Paper Rolls, Auto Slot Boxes & Die Cut Boxes etc.
The company has a facility with an installed capacity of 3500 tons per annum and intends to increase the existing capacity to 8352 tons in near future.
Currently, the company does its business in Gujarat, through its network of dealer/distributor /agents. It also sells directly to the customers. It intends to enter and capture new markets in other states.
It has 50 full-time employees on its payroll.
Competitive Strengths of the Company-
1. Over 2 decades of experience in the industry
2. Varied product portfolio
3. In- House logistic support
| IPO Date | Feb 26, 2019 to Mar 1, 2019 |
| Listing Date | Mar 12, 2019 |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 5,196,000 shares (aggregating up to ₹16.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Other Shares Offered | 2,468,000 (50.00%) |
| Retail Shares Offered | 2,468,000 (50.00%) |
| Market Maker portion | 260,000 shares |
| Total Shares Offered | 4,936,000 |
The Mahip Industries IPO lot size is 4000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| Lot Size Calculator | |||
The promoters of the company are Rajiv Govindram Agrawal
and Rajiv Govindram Agrawal HUF.
| Pre Issue Share Holding | 89.60% |
| Post Issue Share Holding | 65.41% |
The Mahip Industries IPO is subscribed 1.54 times on Mar 1, 2019 7:49:03 PM. The public issue subscribed 1.54 times in the retail category, times in the QIB category, and 1.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.53 |
| Retail | 1.54 |
| Total | 1.54 |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 6,638.06 | 5,338.20 | 5,357.69 | 5,053.27 | 4,225.99 | |
| Total Revenue | 14,077.26 | 10,782.57 | 10,439.44 | 9,308.07 | 9,286.37 | |
| Profit After Tax | 414.13 | 121.86 | 111.33 | 93.72 | 103.26 | |
[Dilip Davda]
With ban of plastic materials for packaging, demand for corrugated packing materials is on the rise. Company is poised for bright prospects ahead. This issue is priced reasonably based on last one and half year's earnings basis. Investors may consider investment for long term.
Read detail review...The objects of the issue are-
1. Funding the working capital requirements
2. General corporate purposes
| Listing Date | Mar 12, 2019 |
| BSE Script Code | 542503 |
| NSE Symbol | |
| ISIN | INE00CX01017 |
| Final Issue Price | ₹32 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹32.00 |
| ₹32.00 |
| ₹32.00 |
| ₹33.60 |
| ₹33.60 |
Mahip Industries Limited
Survey No. 127, Jalalpur - Godhneshwar
Dholka - Bagodara Highway,
Ahmedabad - 387 810
Phone: +91 - 79 - 4004 8788
Email: cs@careccl.com
Website: http://www.mahipindustriesltd.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Mahip Industries IPO is a SME IPO of 5,196,000 equity shares of the face value of ₹10 aggregating up to ₹16.63 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Feb 26, 2019, and closes on Mar 1, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Mahip Industries IPO opens on Feb 26, 2019 and closes on Mar 1, 2019.
Mahip Industries IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Mahip Industries 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 Mahip Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mahip Industries IPO allotment status.
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Sorry, the Basis of allotment for Mahip IPO is not yet made public. We will publish it as soon as its available.
Thank you,
@Admin, Team Chittorgarh.com
ProStocks - Broker with Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Zero Account Opening + Rs 0 Equity Delivery Brokerage + AMC Free Demat Open FREE Account
Disclaimer: Equity investments are subject to 100% market risks. Refer to your financial consultant's advice before Investing. This group is only for Educational and Learning, Knowledge Purposes. Admins have no responsibility for your intended decision & financial losses. Keep calculated & always analyzed your cash position and risk-bearing capacity before following msg of our group.