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Mahip Industries Limited IPO (Mahip Industries IPO) Detail

February 26, 2019 - March 1, 2019

Mahip Industries IPO is a fixed price issue of Rs 16.63 crores.

Mahip Industries IPO bidding started from February 26, 2019 and ended on March 1, 2019. The shares got listed on BSE SME on March 12, 2019.

Mahip Industries IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.

Finshore Management Services Limited is the book running lead manager of the Mahip Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Mahip Industries IPO DRHP for detailed information.

Mahip Industries IPO Details

IPO Date February 26, 2019 to March 1, 2019
Listing Date March 12, 2019
Face Value ₹10 per share
Price ₹32 per share
Lot Size 4000 Shares
Total Issue Size5,196,000 shares
(aggregating up to ₹16.63 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion260,000 shares

Mahip Industries IPO Reservation

Mahip Industries IPO offers 5,196,000 shares. 2,468,000 (47.50%) to NII, 2,468,000 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered260,000 (5.00%)
Other Shares Offered2,468,000 (47.50%)
Retail Shares Offered2,468,000 (47.50%)
Total Shares Offered5,196,000 (100%)

Mahip Industries IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹128,000
Retail (Max) 1 4000 ₹128,000
Lot Size Calculator

Mahip Industries IPO Promoter Holding

The promoters of the company are Rajiv Govindram Agrawal
and Rajiv Govindram Agrawal HUF.

Share Holding Pre Issue 89.60%
Share Holding Post Issue 65.41%

About Mahip Industries Limited

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

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue (Mahip Industries IPO Objectives)

The objects of the issue are-

1. Funding the working capital requirements
2. General corporate purposes

Mahip Industries IPO Review (May apply)

[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...


Mahip Industries IPO Subscription Status (Bidding Detail)

The Mahip Industries IPO is subscribed 1.54 times on March 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)

CategorySubscription (times)
Other1.53
Retail1.54
Total1.54

Mahip Industries IPO Prospectus

Mahip Industries IPO Rating

59
3.5
Rating:Rated 3.5 stars
Vote Here ...

Mahip Industries IPO Listing Details

Listing Date March 12, 2019
BSE Script Code 542503
NSE Symbol
ISIN INE00CX01017
Final Issue Price ₹32 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹32.00
₹32.00
₹32.00
₹33.60
₹33.60

Check IPO Performance…

Mahip Industries Limited Contact Details

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/

Mahip Industries IPO Registrar

Bigshare Services Pvt Ltd

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

Mahip Industries IPO - Buy or Not

Mahip Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Mahip Industries IPO FAQs

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 February 26, 2019, and closes on March 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 February 26, 2019 and closes on March 1, 2019.

Mahip Industries IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.

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.

The Mahip Industries IPO listing date is on March 12, 2019.
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Mahip Industries IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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82 Comments

61. Team Chittorgarh.com |   Link |  Bookmark |March 22, 2019 11:53:40 AM
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
Dear Sir,
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 @ Chittorgarh.com

ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantee you the best service. Open instant account

60. Small Investor |   Link |  Bookmark |March 22, 2019 11:29:48 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Admin
You Forgot Upload Basis of Allotment of Mahip Industries
Why ?
59. RAJAKUMAR |   Link |  Bookmark |March 13, 2019 10:37:25 AM (1400+ Posts, 1200+ Likes)
Dear Priyanka Meghwal
Your prediction is correct. Here after Hitesh Patel company we can apply. I saw pre open there is huge buying bid at 32. More than 12 lakh.
In sme sector only operator driven counter we must enter. But at the time of opening issue we can not predict at which counter operator comes.
59.1. Small Investor |   Link |  Bookmark |March 13, 2019 11:36:59 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
But Now Selling Pressure is Active on this counter
59.2. Small Investor |   Link |  Bookmark |March 13, 2019 12:10:28 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Rajakumar i sold my 2 lot of Deccan @ 116 and one lot also hold yet ( post issue buy lot )
58. RAJAKUMAR |   Link |  Bookmark |March 13, 2019 10:38:15 AM (1400+ Posts, 1200+ Likes)
Dear Priyanka Meghwal
I applied one application it got refund.
57. Priyanka Meghwal |   Link |  Bookmark |March 12, 2019 3:24:08 PM
Got a very good gain. Amazing listing. Told everyone about when everyone was talking negative about this company
56. Shubham Krishna Agarwal |   Link |  Bookmark |March 12, 2019 2:38:16 PM
Gained 5% on listing sold @33.60
Thanks for your views all of you...
55. BIPUL KUMAR |   Link |  Bookmark |March 12, 2019 9:47:57 AM
Kaha gya Tera S S.
55.1. Priyansh Agrawal |   Link |  Bookmark |March 12, 2019 10:59:04 AM
Sold 33.6
54. hajarimal prajapati |   Link |  Bookmark |March 12, 2019 7:22:35 AM
Listing in discount possibe
53. Darsh ipo |   Link |  Bookmark |March 11, 2019 10:57:45 PM
Listing 32.70 expected...
52. Priyansh Agrawal |   Link |  Bookmark |March 8, 2019 2:39:15 PM
@PRIYANKA MEGHWAL ANY VIEWS ABOUT LISTING
52.1. Priyanka Meghwal |   Link |  Bookmark |March 11, 2019 12:19:28 AM
Yeah. Listing gain hoga. 2-3 % listing milega
51. Small Investor |   Link |  Bookmark |March 9, 2019 2:33:26 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Listing may be same same of Anmol India ltd
Subscriptions bhi same same huwa h Anmol india k jese
after post listing selling pressure may be
sold on listing day in discover price
50. Shubham Krishna Agarwal |   Link |  Bookmark |March 9, 2019 7:44:10 AM
A/c credit any idea of listing price plz-

CDSL: Credit in a/c through IPO/FPO for 4000-MAHIP INDUSTRIES-EQ on 08MAR
49. Hiteshji |   Link |  Bookmark |March 9, 2019 6:15:12 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Exit preopen, avoid big loss.
48. Priyansh Agrawal |   Link |  Bookmark |March 8, 2019 2:42:53 PM
Respected admin plz update basic allotment
48.1. Team Chittorgarh.com |   Link |  Bookmark |March 8, 2019 9:31:19 PM
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
Dear Sir,

We are still awaiting for basis of allotment document from registrar.

It should be available early next week.

Thank you,
Admin @ Chittorgarh.com

ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantee you the best service. Open instant account

47. BIPUL KUMAR |   Link |  Bookmark |March 8, 2019 2:14:07 PM
Not get allotment.
46. TheLearner |   Link |  Bookmark |March 8, 2019 10:24:38 AM
DISCOUNT LISTING IS CERTAIN. 10 PERCENT NEGATIVE HO SAKTA HAI
45. BIPUL KUMAR |   Link |  Bookmark |March 7, 2019 10:05:12 PM
It will repeat history of worth peripherals and astron paper. Same segment company.
44. RAJAKUMAR |   Link |  Bookmark |February 28, 2019 3:36:39 PM (1400+ Posts, 1200+ Likes)
Dear Small and Priyanka Meghwal
Hitesh Patel holding 11 lakh shares that is 7.83 per cent
Shall i invest in this counter. No idea reg HITESH PATEL
If i made profit in Kranti then i will go for it. But i made loss. So i think twice before applying.
Long term debt 13 and short term debt is 20 cr. total debt is 33 cr. Share Holder fund is 25 cr. So total debt equity ratio is 1.3 : 1
First day subscription is good.
Second and Third day is not encouraging.
What to do
44.1. Priyanka Meghwal |   Link |  Bookmark |March 7, 2019 5:25:34 PM
May be you have made loss in Kranti but please see the corporate governance of compnay. It's been 4 trading session the company has great volume on daily basis. Further company regularly disclose their corporate announcement like Rajkot JV. And it's todays close is Rs 36.50. Further, please check SMC global has also disclosed its holding in SAST. I find the company good and it will give greater returns.
44.2. khushbir singh |   Link |  Bookmark |March 7, 2019 6:28:39 PM
Dear Rajakumar ji, do you know at what price edurance ofs settled?
43. Priyansh Agrawal |   Link |  Bookmark |March 7, 2019 4:28:19 PM
Dear vipul and priyanka meghwal any views about listing
42. Priyansh Agrawal |   Link |  Bookmark |March 7, 2019 4:25:41 PM
Hajarimal discount 50000 mat kat dena