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Milton Industries Limited IPO (Milton Industries IPO) Detail

September 29, 2017 - October 6, 2017

Milton Industries IPO is a fixed price issue of Rs 14.28 crores.

Milton Industries IPO bidding started from September 29, 2017 and ended on October 6, 2017. The shares got listed on NSE SME on October 16, 2017.

Milton Industries IPO price is ₹34 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹136,000.

Swastika Investmart Ltd is the book running lead manager of the Milton Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Milton Industries IPO RHP for detailed information.

Milton Industries IPO Details

IPO Date September 29, 2017 to October 6, 2017
Listing Date October 16, 2017
Face Value ₹10 per share
Price ₹34 per share
Lot Size 4000 Shares
Total Issue Size4,200,000 shares
(aggregating up to ₹14.28 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Milton Industries IPO Lot Size

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 ₹136,000
Retail (Max) 1 4000 ₹136,000
Lot Size Calculator

About Milton Industries Limited

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

Objects of the Issue (Milton Industries IPO Objectives)

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 Review (May apply)

[Dilip Davda]  Considering aggressive pricing, risk savy cash surplus investors may consider investment for long term. Read detail review...


Milton Industries IPO Subscription Status (Bidding Detail)

The Milton Industries IPO is subscribed times on October 6, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Milton Industries IPO Prospectus

Milton Industries IPO Rating

67
4.0
Rating:Rated 4.0 stars
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Milton Industries IPO Listing Details

Listing Date October 16, 2017
BSE Script Code
NSE Symbol MILTON
ISIN INE376Y01016
Final Issue Price ₹34 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹34.00
₹40.80
₹32.20
₹40.80
₹34.35

Check IPO Performance…

Milton Industries Limited Contact Details

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

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Milton Industries IPO - Buy or Not

Milton Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Milton Industries IPO FAQs

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 is priced at ₹34 per share. The minimum order quantity is 4000 Shares.

The IPO opens on September 29, 2017, and closes on October 6, 2017.

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

The Milton Industries IPO opens on September 29, 2017 and closes on October 6, 2017.

Milton Industries IPO lot size is 4000 Shares, and the minimum amount required is ₹136,000.

You can apply in Milton 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 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.

The Milton Industries IPO listing date is on October 16, 2017.
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Milton Industries IPO Message Board

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47 Comments

32. devuda |   Link |  Bookmark |October 29, 2017 11:05:35 AM
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!
31. ME and U |   Link |  Bookmark |October 16, 2017 12:39:00 PM
SELL SHARES RATHER ITS GOES DOWN 30 ND BELOW!! DONNT WAIT EXIT!!!
30. Samir Sinha |   Link |  Bookmark |October 8, 2017 10:14:42 PM
Milton Indust ltd ko listing me DOUBLE back to back upper circuit, forecast hai.
30.1. jainakash |   Link |  Bookmark |October 11, 2017 5:37:08 PM
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
30.2. Samir Sinha |   Link |  Bookmark |October 15, 2017 11:04:15 PM
Hope for the best!
29. ME and U |   Link |  Bookmark |October 15, 2017 6:37:10 PM
20rs GMP
28. Vikas S |   Link |  Bookmark |October 15, 2017 12:53:04 PM
What is the listing date and how much premium is expected. Anyone please advice. Till what price can one hold this stock
27. MASTER STROKE |   Link |  Bookmark |October 14, 2017 7:45:11 PM
LISTING DATE PLEASE OF MILTON

THANKS
26. Amit Gala |   Link |  Bookmark |October 14, 2017 12:48:11 PM
What is premium in Milton ???
26.1. ME and U |   Link |  Bookmark |October 14, 2017 7:21:32 PM
20
26.2. ME and U |   Link |  Bookmark |October 14, 2017 7:21:54 PM
20
25. Vijay M Agrawal |   Link |  Bookmark |October 12, 2017 8:07:39 PM (300+ Posts)
ASBA FUNDS NOT RELEASED TILL NOW IN BOB
24. DAVE NITESH Dineshchandra |   Link |  Bookmark |October 12, 2017 2:55:29 PM
What is the date of allotment
23. Varun.Singh |   Link |  Bookmark |October 12, 2017 2:41:45 PM
Where can we see the allotment status ?
22. Devendrablt |   Link |  Bookmark |October 11, 2017 11:39:57 PM
Allotment out on bigadate
21. Dubai ipo |   Link |  Bookmark |October 11, 2017 5:13:35 PM
allotment tomorrow evening
20. lakshya agg |   Link |  Bookmark |October 11, 2017 12:40:15 PM
ON 12 ALLOTMENT
19. IPO EMPEROR |   Link |  Bookmark |October 10, 2017 11:37:06 PM
any news of allotment...
18. umeshh |   Link |  Bookmark |October 10, 2017 10:55:01 PM
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.
17. IPO EMPEROR |   Link |  Bookmark |October 7, 2017 11:42:57 PM
chances of listing gain any guess...
17.2. Samir Sinha |   Link |  Bookmark |October 8, 2017 10:12:14 PM
Milton industries ka listing me DOUBLE CIRCUIT lagega.
17.3. Kaal |   Link |  Bookmark |October 8, 2017 10:14:03 PM
1UC. &. 1LC
16. Ganesh Singhal |   Link |  Bookmark |October 6, 2017 4:52:02 PM
Dear sir,
Plz suggest a bank (for asba application) in which max SME IPOs would be covered.
16.2. Vijay M Agrawal |   Link |  Bookmark |October 7, 2017 9:00:29 AM (300+ Posts)
BANK OF BARODA
16.3. Subhash Gandha |   Link |  Bookmark |October 7, 2017 11:31:39 AM
I have my account with BOI. It also covers all SMEs.
15. OnlyVimal |   Link |  Bookmark |October 6, 2017 9:33:48 PM
Subject to Rs.8000/- in Bhuj-Kutch
14. IPO EMPEROR |   Link |  Bookmark |October 6, 2017 9:23:44 PM
despite negative review good subscription.....
13. kmpatel |   Link |  Bookmark |October 6, 2017 9:10:57 PM
QIB Subscription nil??