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Mahip Industries Limited IPO (Mahip Industries IPO) Detail

Feb 26, 2019 - Mar 1, 2019

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 Promoters:

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

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:

The objects of the issue are-

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

Mahip Industries IPO Details

IPO Opening Date Feb 26, 2019
IPO Closing Date Mar 1, 2019
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹32 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At BSE SME
Issue Size5,196,000 Eq Shares of ₹10
(aggregating up to ₹16.63 Cr)

Mahip Industries IPO Lot Size

The Mahip Industries IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹128,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹128,000
Maximum 1 4000 ₹128,000

Mahip Industries IPO Promoter Holding

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

Mahip Industries IPO Subscription Status (Bidding Detail)

The Mahip Industries IPO is subscribed 1.54x times on Mar 1, 2019 19:49. The public issue subscribed 1.54x in the retail category, in the QIB category, and 1.53x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

1.53x

RII

1.54x

Total

1.54x

Mahip Industries IPO Prospectus

Mahip Industries IPO Rating

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

Mahip Industries IPO Listing Date

Listing Date Tuesday, March 12, 2019
BSE Script Code 542503
NSE Symbol
Listing In MT Group of Securities
ISIN INE00CX01017
IPO Price ₹32 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹32.00
₹32.00
₹32.00
₹33.60
₹33.60

Company Contact Information

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: http://www.bigshareonline.com

Mahip Industries IPO Reviews / Ratings

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 equity 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 4000 Shares.

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, Edelweiss, 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 Tuesday, March 12, 2019.

Mahip Industries IPO Message Board

Ranked Members  Ranked Members

Loading...
62. Team Chittorgarh.com |Mar 22, 2019 11:53
Top Contributor Top Contributor (300+ Posts, 500+ 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,

Chittorgarh.com Admins

61. Small Investor |Mar 22, 2019 11:29
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Dear Admin
You Forgot Upload Basis of Allotment of Mahip Industries
Why ?
60. RAJAKUMAR |Mar 13, 2019 10:37
IPO Guru IPO Guru (1400+ Posts, 1100+ 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.
60.1. Small Investor |Mar 13, 2019 11:36
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
But Now Selling Pressure is Active on this counter
60.2. Small Investor |Mar 13, 2019 12:10
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Dear Rajakumar i sold my 2 lot of Deccan @ 116 and one lot also hold yet ( post issue buy lot )
59. RAJAKUMAR |Mar 13, 2019 10:38
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Priyanka Meghwal
I applied one application it got refund.
58. Priyanka Meghwal |Mar 12, 2019 15:24
Got a very good gain. Amazing listing. Told everyone about when everyone was talking negative about this company
57. Shubham Krishna Agarwal |Mar 12, 2019 14:38
Gained 5% on listing sold @33.60
Thanks for your views all of you...
56. BIPUL KUMAR |Mar 12, 2019 09:47
Kaha gya Tera S S.
56.1. Priyansh Agrawal |Mar 12, 2019 10:59
Sold 33.6
55. hajarimal prajapati |Mar 12, 2019 07:22
Listing in discount possibe
54. Darsh ipo |Mar 11, 2019 22:57
Listing 32.70 expected...
53. Priyansh Agrawal |Mar 8, 2019 14:39
@PRIYANKA MEGHWAL ANY VIEWS ABOUT LISTING
53.1. Priyanka Meghwal |Mar 11, 2019 00:19
Yeah. Listing gain hoga. 2-3 % listing milega
52. Small Investor |Mar 9, 2019 14:33
IPO Guru IPO Guru (1400+ Posts, 800+ 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
51. Shubham Krishna Agarwal |Mar 9, 2019 07:44
A/c credit any idea of listing price plz-

CDSL: Credit in a/c through IPO/FPO for 4000-MAHIP INDUSTRIES-EQ on 08MAR
50. Hiteshji |Mar 9, 2019 06:15
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Exit preopen, avoid big loss.
49. Priyansh Agrawal |Mar 8, 2019 14:42
Respected admin plz update basic allotment
49.1. Team Chittorgarh.com |Mar 8, 2019 21:31
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Dear Sir,

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

It should be available early next week.

Thank you,

Chittorgarh.com Admins

48. BIPUL KUMAR |Mar 8, 2019 14:14
Not get allotment.
47. TheLearner |Mar 8, 2019 10:24
DISCOUNT LISTING IS CERTAIN. 10 PERCENT NEGATIVE HO SAKTA HAI
46. BIPUL KUMAR |Mar 7, 2019 22:05
It will repeat history of worth peripherals and astron paper. Same segment company.
45. RAJAKUMAR |Feb 28, 2019 15:36
IPO Guru IPO Guru (1400+ Posts, 1100+ 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
45.1. Priyanka Meghwal |Mar 7, 2019 17:25
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.
45.2. khushbir singh |Mar 7, 2019 18:28
Dear Rajakumar ji, do you know at what price edurance ofs settled?
44. Priyansh Agrawal |Mar 7, 2019 16:28
Dear vipul and priyanka meghwal any views about listing
43. Priyansh Agrawal |Mar 7, 2019 16:25
Hajarimal discount 50000 mat kat dena