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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 Opening Date | Sep 23, 2019 |
| IPO Closing Date | Sep 25, 2019 |
| Issue Type | Fixed Price Issue IPO |
| 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 |
| 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) |
The Misquita IPO open date is Sep 23, 2019, and the close date is Sep 25, 2019. The issue may list on Oct 4, 2019.
| IPO Open Date | Sep 23, 2019 |
| IPO Close Date | Sep 25, 2019 |
| Basis of Allotment Date | Sep 30, 2019 |
| Initiation of Refunds | Oct 1, 2019 |
| Credit of Shares to Demat Account | Oct 1, 2019 |
| IPO Listing Date | Oct 4, 2019 |
The Misquita IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).
| 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% |
The Misquita IPO is subscribed 1.62 times on Sep 25, 2019 18:49. The public issue subscribed 0.72 in the retail category, in the QIB category, and 2.52 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.52 |
| RII | 0.72 |
| Total | 1.62 |
| Listing Date | Friday, October 4, 2019 |
| BSE Script Code | 542801 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE957W01025 |
| IPO Price | ₹27 per equity share |
| Face Value | ₹10 per equity share |
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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
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 is priced at ₹27 per equity share. The minimum order quantity is 4000 Shares.
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 lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
You can apply in Misquita 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 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.
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