Incorporated in 1998, Misquita Engineering Ltd is a manufacturer and supplier of front-loading washers. The company supplies and does job-work of the front-loading washers for washing machine makers in India.
The company believes in the zero-defect product which means zero wastage, zero effect and efficient & effective use of resources.
The company qualifies to work as a strategic supplier and supplies machined parts to Commscope USA. Misquita Engineering is planning to expand its building capacity and evolve new technologies to improve the process control level and automation system.
The company can maintain a tolerance band of ten microns (maximum) with 5 CNC turning centres and some supporting conventional machines.
Mr. Thomas Constance Avinash Misquita and Ms. Gail Lucia Misquita are the promoters of the company.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 799.91 | 739.56 | 529.55 | |
| Total Revenue | 760.70 | 677.35 | 577.26 | |
| Profit After Tax | 42.12 | 25.26 | 15.71 | |
Objects for which the company intends to use the net proceeds are:
(a) To meet working capital requirement
(b) Prepayment/Repayment of certain debt facilities availed by the company (Loan for Shed expansion)
| IPO Date | Sep 23, 2019 - Sep 25, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 716,000 Eq Shares of ₹10 (aggregating up to ₹1.93 Cr) |
| Fresh Issue | 444,000 Eq Shares of ₹10 (aggregating up to ₹1.20 Cr) |
| Offer for Sale | 272,000 Eq Shares of ₹10 (aggregating up to ₹0.73 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹27 Per Equity Share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Bid/Offer Opens On | Sep 23, 2019 |
| Bid/Offer Closes On | Sep 25, 2019 |
| Finalisation of Basis of Allotment | Sep 30, 2019 |
| Initiation of Refunds | Oct 1, 2019 |
| Credit of Shares to Demat Acct | Oct 1, 2019 |
| IPO Shares Listing Date | Oct 4, 2019 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108,000 |
| Maximum | 1 | 4000 | ₹108,000 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.42% |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 340,000 | 340,000 | 680,000 |
Sep 25, 2019 18:49 | 2.52x | 0.72x | 1.62x |
| Listing Date | Friday, October 4, 2019 |
| BSE Script Code | 542801 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE957W01025 |
| IPO Price | ₹27 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Misquita Engineering Ltd
182/1 Vaiginim Vaddo,
Nachinol, Aldona,
North Goa, Goa-403508, India
Phone: +91 83088 48233
Email: info@misquitaengg.com
Website: http://www.misquitaengg.com/
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
Misquita IPO is a SME IPO of 716,000 equity shares of the face value of ₹10 aggregating up to ₹1.93 Crores.
The issue price of the IPO is ₹27 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 23, 2019 and closes on Sep 25, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Misquita IPO opens on Sep 23, 2019 and closes on Sep 25, 2019.
Misquita 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.
The finalization of Basis of Allotment for Misquita IPO will be done on Sep 30, 2019, and the allotted shares will be credited to your demat account by Oct 1, 2019. Check the Misquita IPO allotment status.
Misquita IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
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