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 Opening DateSep 29, 2017
IPO Closing DateOct 6, 2017
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹34 per equity share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME
Issue Size4,200,000 Eq Shares of ₹10
(aggregating up to ₹14.28 Cr)

Milton Industries IPO Lot Size

The Milton Industries IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹136,000).

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

Milton Industries IPO Subscription Status (Bidding Detail)

The Milton Industries IPO is subscribed times on Oct 6, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

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

    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. When Milton Industries IPO will open?

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

  3. 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.

  4. How to apply for Milton Industries IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. 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.

  6. When is Milton Industries IPO listing date?

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

Milton Industries IPO Message Board

Ranked Members  Ranked Members

Loading...
32. devuda |Oct 29, 2017 11:05
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!
31. ME and U |Oct 16, 2017 12:39
SELL SHARES RATHER ITS GOES DOWN 30 ND BELOW!! DONNT WAIT EXIT!!!
30. Samir Sinha |Oct 8, 2017 22:14
Milton Indust ltd ko listing me DOUBLE back to back upper circuit, forecast hai.
30.1. jainakash |Oct 11, 2017 17:37
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
30.2. Samir Sinha |Oct 15, 2017 23:04
Hope for the best!
29. ME and U |Oct 15, 2017 18:37
20rs GMP
28. Vikas S |Oct 15, 2017 12:53
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 |Oct 14, 2017 19:45
LISTING DATE PLEASE OF MILTON

THANKS
26. Amit Gala |Oct 14, 2017 12:48
What is premium in Milton ???
26.1. ME and U |Oct 14, 2017 19:21
20
26.2. ME and U |Oct 14, 2017 19:21
20
25. Vijay M Agrawal |Oct 12, 2017 20:07
ASBA FUNDS NOT RELEASED TILL NOW IN BOB
24. DAVE NITESH Dineshchandra |Oct 12, 2017 14:55
What is the date of allotment
23. Varun.Singh |Oct 12, 2017 14:41
Where can we see the allotment status ?
22. Devendrablt |Oct 11, 2017 23:39
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Allotment out on bigadate
21. Dubai ipo |Oct 11, 2017 17:13
allotment tomorrow evening
20. lakshya agg |Oct 11, 2017 12:40
ON 12 ALLOTMENT
19. IPO EMPEROR |Oct 10, 2017 23:37
any news of allotment...
18. umeshh |Oct 10, 2017 22:55
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.
17. IPO EMPEROR |Oct 7, 2017 23:42
chances of listing gain any guess...
17.2. Samir Sinha |Oct 8, 2017 22:12
Milton industries ka listing me DOUBLE CIRCUIT lagega.
17.3. Kaal |Oct 8, 2017 22:14
1UC. &. 1LC
16. Ganesh Singhal |Oct 6, 2017 16:52
Dear sir,
Plz suggest a bank (for asba application) in which max SME IPOs would be covered.
16.2. Vijay M Agrawal |Oct 7, 2017 09:00
BANK OF BARODA
16.3. Subhash Gandha |Oct 7, 2017 11:31
I have my account with BOI. It also covers all SMEs.
15. OnlyVimal |Oct 6, 2017 21:33
Subject to Rs.8000/- in Bhuj-Kutch
14. IPO EMPEROR |Oct 6, 2017 21:23
despite negative review good subscription.....
13. kmpatel |Oct 6, 2017 21:10
QIB Subscription nil??







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