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 DateFeb 26, 2019 - Mar 1, 2019
Issue TypeFixed Price Issue IPO
Issue Size5,196,000 Eq Shares of ₹10
(aggregating up to ₹16.63 Cr)
Face Value₹10 Per Equity Share
IPO Price₹32 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME

Mahip Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Mahip Industries IPO Promoter Holding

Pre Issue Share Holding89.60%
Post Issue Share Holding65.41%

Mahip Industries IPO Subscription Status (Bidding Detail)

Mahip Industries IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time




Shares Offered




Mar 1, 2019 19:49




Mahip Industries IPO Prospectus

Mahip Industries IPO Rating

Rating:Rated 3.5 stars

Vote Here ...

Mahip Industries IPO Listing Date

Listing DateTuesday, March 12, 2019
BSE Script Code542503
NSE Symbol
Listing InMT
IPO Price₹32 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade

Mahip Industries IPO Reviews / Ratings

Company Contact Information

Mahip Industries Limited
Survey No. 127, Jalalpur - Godhneshwar
Dholka - Bagodara Highway,
Ahmedabad - 387 810

Phone: +91 - 79 - 4004 8788

Mahip Industries 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

Mahip Industries IPO FAQs

  1. 1. What is Mahip Industries IPO?

    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 price of the IPO is ₹32 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Mahip Industries IPO will open?

    The Mahip Industries IPO opens on Feb 26, 2019 and closes on Mar 1, 2019.

  3. 3. How to apply for Mahip Industries IPO?

    Mahip Industries IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Mahip Industries IPO allotment?

    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.

  5. 5. When is Mahip Industries IPO listing date?

    The Mahip Industries IPO listing date is on Tuesday, March 12, 2019, at BSE SME.
  6. 6. What is the lot size of Mahip Industries IPO?

    Mahip Industries IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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Mahip Industries IPO Review / Comments

62. Team  Mar 22, 2019 11:53
Top Contributor Top Contributor (200+ Posts, 300+ 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.comĀ Admins

Small Investor
61. Small Investor  Mar 22, 2019 11:29
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dear Admin
You Forgot Upload Basis of Allotment of Mahip Industries
Why ?
60. RAJAKUMAR  Mar 13, 2019 10:37
IPO Guru IPO Guru (1300+ Posts, 900+ 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.
Small Investor
60.1. Small Investor  Mar 13, 2019 11:36
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
But Now Selling Pressure is Active on this counter
Small Investor
60.2. Small Investor  Mar 13, 2019 12:10
IPO Guru IPO Guru (1300+ Posts, 700+ 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 (1300+ Posts, 900+ Likes)
Dear Priyanka Meghwal
I applied one application it got refund.
Priyanka Meghwal
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
Shubham Krishna Agarwal
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.
Priyansh Agrawal
56.1. Priyansh Agrawal  Mar 12, 2019 10:59
Sold 33.6
hajarimal prajapati
55. hajarimal prajapati  Mar 12, 2019 07:22
Listing in discount possibe
Darsh ipo
54. Darsh ipo  Mar 11, 2019 22:57
Listing 32.70 expected...
Priyansh Agrawal
53. Priyansh Agrawal  Mar 8, 2019 14:39
Priyanka Meghwal
53.1. Priyanka Meghwal  Mar 11, 2019 00:19
Yeah. Listing gain hoga. 2-3 % listing milega
Small Investor
52. Small Investor  Mar 9, 2019 14:33
IPO Guru IPO Guru (1300+ Posts, 700+ 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
Shubham Krishna Agarwal
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 (300+ Posts, 200+ Likes)
Exit preopen, avoid big loss.
Priyansh Agrawal
49. Priyansh Agrawal  Mar 8, 2019 14:42
Respected admin plz update basic allotment
49.1. Team  Mar 8, 2019 21:31
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Dear Sir,

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

It should be available early next week.

Thank you,

Chittorgarh.comĀ Admins

48. BIPUL KUMAR  Mar 8, 2019 14:14
Not get allotment.
47. TheLearner  Mar 8, 2019 10:24
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 (1300+ Posts, 900+ 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
Priyanka Meghwal
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.
khushbir singh
45.2. khushbir singh  Mar 7, 2019 18:28
Dear Rajakumar ji, do you know at what price edurance ofs settled?
Priyansh Agrawal
44. Priyansh Agrawal  Mar 7, 2019 16:28
Dear vipul and priyanka meghwal any views about listing
Priyansh Agrawal
43. Priyansh Agrawal  Mar 7, 2019 16:25
Hajarimal discount 50000 mat kat dena

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