Misquita Engineering Ltd IPO (Misquita IPO) Detail

September 23, 2019 - September 25, 2019

Misquita IPO is a fixed price issue of Rs 1.93 crores. The issue is a combination of fresh issue of 4.44 lakh shares aggregating to Rs 1.20 crores and offer for sale of 2.72 lakh shares aggregating to Rs 0.73 crores.

Misquita IPO bidding started from September 23, 2019 and ended on September 25, 2019. The allotment for Misquita IPO was finalized on Monday, September 30, 2019. The shares got listed on BSE SME on October 4, 2019.

Misquita IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

Gretex Corporate Services Limited is the book running lead manager of the Misquita IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Misquita IPO RHP for detailed information.

Misquita IPO Details

IPO Date September 23, 2019 to September 25, 2019
Listing Date October 4, 2019
Face Value ₹10 per share
Price ₹27 per share
Lot Size 4000 Shares
Total Issue Size716,000 shares
(aggregating up to ₹1.93 Cr)
Fresh Issue444,000 shares
(aggregating up to ₹1.20 Cr)
Offer for Sale272,000 shares of ₹10
(aggregating up to ₹0.73 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion36,000 shares

Misquita IPO Reservation

Misquita IPO a total of 716,000 shares are offered. RII: 340,000 (47.49%), NII: 340,000 (47.49%).

Anchor Investor Shares Offered-
Market Maker Shares Offered36,000 (5.03%)
Other Shares Offered340,000 (47.49%)
Retail Shares Offered340,000 (47.49%)
Total Shares Offered716,000 (100%)

Misquita IPO Timeline (Tentative Schedule)

Misquita IPO opens on September 23, 2019, and closes on September 25, 2019.

IPO Open Date Monday, September 23, 2019
IPO Close Date Wednesday, September 25, 2019
Basis of Allotment Monday, September 30, 2019
Initiation of Refunds Tuesday, October 1, 2019
Credit of Shares to Demat Tuesday, October 1, 2019
Listing Date Friday, October 4, 2019
Cut-off time for UPI mandate confirmation 5 PM on September 25, 2019

Misquita 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 ₹108,000
Retail (Max) 1 4000 ₹108,000
Lot Size Calculator

Misquita IPO Promoter Holding

Mr. Thomas Constance Avinash Misquita and Ms. Gail Lucia Misquita are the promoters of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.42%

About Misquita Engineering Ltd

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.

Competitive Strengths

  • Growing Indian economy
  • Quality assurance & standards
  • A strong relationship with suppliers
  • Fully integrated manufacturing unit

Company Financials

Summary of financial Information (Restated)
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 of the Issue (Misquita IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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...

Misquita IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Misquita IPO Prospectus

Misquita IPO Rating

Rating:Rated 4.4 stars
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Misquita IPO Listing Details

Listing Date October 4, 2019
BSE Script Code 542801
NSE Symbol
ISIN INE957W01025
Final Issue Price ₹27 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Misquita IPO Contact Details

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/

Misquita IPO Registrar

Bigshare Services Pvt Ltd

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

Misquita IPO - Buy or Not

Misquita IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Misquita IPO FAQs

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 September 23, 2019, and closes on September 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 September 23, 2019 and closes on September 25, 2019.

Misquita IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Misquita IPO will be done on Monday, September 30, 2019, and the allotted shares will be credited to your demat account by Tuesday, October 1, 2019. Check the Misquita IPO allotment status.

The Misquita IPO listing date is on October 4, 2019.
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