Milton Industries Limited IPO (Milton Industries IPO) Detail

Sep 29, 2017 - Oct 6, 2017

Incorporated in 1985, Milton Industries Limited is Ahmedabad Gujrat based manufacturer and exporter of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets.

The laminates produced by the company are used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc.

PVC Coated Fabrics produced by the company are sold to Government Agencies, such as Indian Railways, State Transport Corporation of Different States and also exported to different countries.

Milton Industries has two manufacturing units in Mehsana and Sabarkantha, both located in Gujrat. The development process includes design, development, testing, manufacturing and delivery of the products.

Strengths of Milton Industries:
1. Cost efficient manufacturing and supply chain management
2. The location of manufacturing facilities gives a significant competitive cost advantage in terms of raw material sourcing, manufacturing and labour costs.
3. Our Promoter has around 32 years of experience in the industry.
4. Presence in many countries
5. Extensive distribution network

Company Promoters:

Mr. Vijay Pal Jain, Mr. Ajay Mahipal SinghJain, Mr. Abhaykumar Mahipalsingh Jain, Mr. Vikas Jain and Mr. Saket Jain are the promoters of the company.

Objects of the Issue:

The proceeds from the Public Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Milton Industries IPO Details

IPO DateSep 29, 2017 - Oct 6, 2017
Issue TypeFixed Price Issue IPO
Issue Size4,200,000 Eq Shares of ₹10
(aggregating up to ₹14.28 Cr)
Face Value₹10 Per Equity Share
IPO Price₹34 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME

Milton Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹136,000
Maximum14000₹136,000

Milton Industries IPO Subscription Status (Bidding Detail)

Milton Industries IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Oct 6, 2017 17:00

Milton Industries IPO Prospectus

Milton Industries IPO Rating

67
4.0
Rating:Rated 4.0 stars

Vote Here ...

Milton Industries IPO Listing Date

Listing DateMonday, October 16, 2017
BSE Script Code
NSE SymbolMILTON
Listing In
ISININE376Y01016
IPO Price₹34 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹34.00
Open:₹40.80
Low:₹32.20
High:₹40.80
Last Trade:₹34.35
Volume:4,948,000

Milton Industries IPO Reviews / Ratings

Company Contact Information

Milton Industries Limited
1/2, Chitra-Ami Appartment,
Opp. La Gajjar Chamber,
Ashram Road, Ahmedabad 380009

Phone: +91-79-26584193
Email: cs@miltonindustries.in
Website: http://www.miltonindustries.in

Milton 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
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Milton Industries IPO Lead Manager(s)

Milton Industries IPO FAQs

  1. 1. What is Milton Industries IPO?

    Milton Industries IPO is a SME IPO of 4,200,000 equity shares of the face value of ₹10 aggregating up to ₹14.28 Crores.

    The issue price of the IPO is ₹34 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Sep 29, 2017 and closes on Oct 6, 2017.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Milton Industries IPO will open?

    The Milton Industries IPO opens on Sep 29, 2017 and closes on Oct 6, 2017.

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

    Milton 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 Milton Industries IPO allotment?

    The finalization of Basis of Allotment for Milton Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Milton Industries IPO allotment status.

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

    The Milton Industries IPO listing date is on Monday, October 16, 2017, at NSE SME.
  6. 6. What is the lot size of Milton Industries IPO?

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

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Milton Industries IPO Review / Comments

devuda
32. devuda  Oct 29, 2017 10:05
RNAM will definitely list at 375 and will settle down between 350-375 eventually! Big bulls ready to capture it. GMP figures totally erroneous, way off the mark!
ME and U
31. ME and U  Oct 16, 2017 11:39
SELL SHARES RATHER ITS GOES DOWN 30 ND BELOW!! DONNT WAIT EXIT!!!
Samir Sinha
30. Samir Sinha  Oct 8, 2017 21:14
Milton Indust ltd ko listing me DOUBLE back to back upper circuit, forecast hai.
jainakash
30.1. jainakash  Oct 11, 2017 16:37
Hello Samir,

Are you sure , because I have applied for two different lots so hoping for gains.

Also any idea about reaching to the conclusion of double circuit back to back

Reg,
Aj
Samir Sinha
30.2. Samir Sinha  Oct 15, 2017 22:04
Hope for the best!
ME and U
29. ME and U  Oct 15, 2017 17:37
20rs GMP
Vikas S
28. Vikas S  Oct 15, 2017 11:53
What is the listing date and how much premium is expected. Anyone please advice. Till what price can one hold this stock
MASTER STROKE
27. MASTER STROKE  Oct 14, 2017 18:45
LISTING DATE PLEASE OF MILTON

THANKS
Amit Gala
26. Amit Gala  Oct 14, 2017 11:48
What is premium in Milton ???
ME and U
26.1. ME and U  Oct 14, 2017 18:21
20
ME and U
26.2. ME and U  Oct 14, 2017 18:21
20
Vijay M Agrawal
25. Vijay M Agrawal  Oct 12, 2017 19:07
ASBA FUNDS NOT RELEASED TILL NOW IN BOB
DAVE NITESH Dineshchandra
24. DAVE NITESH Dineshchandra  Oct 12, 2017 13:55
What is the date of allotment
Varun.Singh
23. Varun.Singh  Oct 12, 2017 13:41
Where can we see the allotment status ?
Devendrablt
22. Devendrablt  Oct 11, 2017 22:39
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Allotment out on bigadate
Dubai ipo
21. Dubai ipo  Oct 11, 2017 16:13
allotment tomorrow evening
lakshya agg
20. lakshya agg  Oct 11, 2017 11:40
ON 12 ALLOTMENT
IPO EMPEROR
19. IPO EMPEROR  Oct 10, 2017 22:37
any news of allotment...
umeshh
18. umeshh  Oct 10, 2017 21:55
Dear Friends
I haven''t applied for SME IPO so if you can share your ideas it would be great I think we need to apply as per the ipo but in a lot but after allotment how to sell it? We can sell whole lot as same way as normal ipo. Your inputs would be helpful for me.
IPO EMPEROR
17. IPO EMPEROR  Oct 7, 2017 22:42
chances of listing gain any guess...
Samir Sinha
17.2. Samir Sinha  Oct 8, 2017 21:12
Milton industries ka listing me DOUBLE CIRCUIT lagega.
Kaal
17.3. Kaal  Oct 8, 2017 21:14
1UC. &. 1LC
Ganesh Singhal
16. Ganesh Singhal  Oct 6, 2017 15:52
Dear sir,
Plz suggest a bank (for asba application) in which max SME IPOs would be covered.
Vijay M Agrawal
16.2. Vijay M Agrawal  Oct 7, 2017 08:00
BANK OF BARODA
Subhash Gandha
16.3. Subhash Gandha  Oct 7, 2017 10:31
I have my account with BOI. It also covers all SMEs.
OnlyVimal
15. OnlyVimal  Oct 6, 2017 20:33
Subject to Rs.8000/- in Bhuj-Kutch
IPO EMPEROR
14. IPO EMPEROR  Oct 6, 2017 20:23
despite negative review good subscription.....
kmpatel
13. kmpatel  Oct 6, 2017 20:10
QIB Subscription nil??






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