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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 RHP for detailed information.
| 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 Size | 5,196,000 shares (aggregating up to ₹16.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 260,000 shares |
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 Offered | 260,000 (5.00%) |
| Other Shares Offered | 2,468,000 (47.50%) |
| Retail Shares Offered | 2,468,000 (47.50%) |
| Total Shares Offered | 5,196,000 (100%) |
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 | |||
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% |
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
| 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 | |
The objects of the issue are-
1. Funding the working capital requirements
2. General corporate purposes
[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 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.53 |
| Retail | 1.54 |
| Total | 1.54 |
| Listing Date | March 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://ipo.bigshareonline.com/ipo_status.html
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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.
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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.
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