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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.
| 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)
| Misquita IPO Date | Sep 23, 2019 to Sep 25, 2019 |
| Misquita IPO Face Value | ₹10 per share |
| Misquita IPO Price | ₹27 per share |
| Misquita IPO Lot Size | 4000 Shares |
| Issue Size | 716,000 shares of ₹10 (aggregating up to ₹1.93 Cr) |
| Fresh Issue | 444,000 shares of ₹10 (aggregating up to ₹1.20 Cr) |
| Offer for Sale | 272,000 shares of ₹10 (aggregating up to ₹0.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Thomas Constance Avinash Misquita and Ms. Gail Lucia Misquita are the promoters of the company. |
Misquita IPO opens on Sep 23, 2019, and closes on Sep 25, 2019. The Misquita IPO bid date is from Sep 23, 2019 10.00 A.M. to Sep 25, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Misquita IPO Opening Date | Sep 23, 2019 |
| Misquita IPO Closing Date | Sep 25, 2019 |
| Basis of Allotment | Sep 30, 2019 |
| Initiation of Refunds | Oct 1, 2019 |
| Credit of Shares to Demat | Oct 1, 2019 |
| Misquita IPO Listing Date | Oct 4, 2019 |
The Misquita IPO 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 |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108,000 |
| Maximum | 1 | 4000 | ₹108,000 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.42% |
Based on average financial data, the issue is priced aggressively. MEL operates in a highly competitive field that may bring pressure on margins going forward. Company's tiny equity will take a longer duration for migration to the mainboard. There is no harm in giving it a miss Read detail review...
The Misquita IPO is subscribed 1.62 times on Sep 25, 2019 6:49:02 PM. The public issue subscribed 0.72 times in the retail category, times in the QIB category, and 2.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.52 |
| Retail | 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 share |
| Face Value | ₹10 per 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 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 .
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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