Incorporated in 1995, Meghmani Organics Limited is in the business of manufacturing pigments and agrochemicals.
Meghmani Organics manufacture green and blue pigments used in printing inks, plastics, rubber, paints, textiles, leather and paper industry. A majority of pigments are exported with exports constituted around 85% of Meghmani's pigment business revenue last year.
Meghmani Organics also manufacture Agrochemical products including pesticide intermediates, technical grade pesticides and pesticide formulations. Exports constituted about 66% of our revenues of Meghmani's agrochemical revenue last year.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. To finance setting up of a new high performance pigment plant (HPP) at GIDC Industrial Estate, Vatva, Ahmedabad;
2. To set up multipurpose Agro chemicals Plant at GIDC Industrial Estate, Panoli, Dist: Bharuch;
3. To finance the 3 MW Captive Power Plant to be located at Chharodi;
4. To finance the requirements of funds for inorganic growth opportunities /diversification opportunities/ general corporate purposes.
IPO Opening Date | Jun 4, 2007 |
IPO Closing Date | Jun 7, 2007 |
Issue Type | Book Built Issue IPO |
Face Value | ₹1 per equity share |
IPO Price | ₹17 to ₹19 per equity share |
Market Lot | 350 Shares |
Min Order Quantity | 350 Shares |
Listing At | BSE, NSE |
Issue Size | 53,684,211 Eq Shares of ₹1 (aggregating up to ₹102.00 Cr) |
The Meghmani IPO market lot size is 350 shares. A retail-individual investor can apply for up to 30 lots (10500 shares or ₹199,500).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 350 | ₹6,650 |
Maximum | 30 | 10500 | ₹199,500 |
The Meghmani IPO is subscribed 23.94x times on Jun 7, 2007 17:00. The public issue subscribed 26.01x in the retail category, 19.43x in the QIB category, and 44.75x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
Total | 23.94x |
Listing Date | Thursday, June 28, 2007 |
BSE Script Code | 532865 |
NSE Symbol | MEGH |
Listing In | |
ISIN | INE974H01013 |
IPO Price | ₹19 per equity share |
Face Value | ₹1 per equity share |
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Meghmani Organics Limited
Meghmani Organics Limited
Plot No. 184, Phase II, G.I.D.C. Vatva,
Ahmedabad -382 445, Gujarat, India
Phone: + 91 79 25831210
Email: ipo@meghmani.com
Website: http://www.meghmani.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: meghmani-ipo@intimespectrum.com
Website: http://www.linkintime.co.in
Meghmani IPO is a main-board IPO of 53,684,211 equity shares of the face value of ₹1 aggregating up to ₹102.00 Crores. The issue is priced at ₹17 to ₹19 per equity share. The minimum order quantity is 350 Shares.
The IPO opens on Jun 4, 2007, and closes on Jun 7, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Meghmani IPO opens on Jun 4, 2007 and closes on Jun 7, 2007.
Meghmani IPO lot size is 350 Shares and the minimum order quantity is 350 Shares.
You can apply in Meghmani 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 Meghmani IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Meghmani IPO allotment status.
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