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Misquita Engineering Ltd IPO (Misquita IPO) Detail

Sep 23, 2019 - Sep 25, 2019

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

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 Details

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 Size716,000 shares of ₹10
(aggregating up to ₹1.93 Cr)
Fresh Issue444,000 shares of ₹10
(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
Company Promoters

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

Misquita IPO Timeline (Tentative Timetable)

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

Misquita IPO Lot Size

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

Misquita IPO Promoter Holding

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

Misquita IPO Review

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)
NII2.52
Retail0.72
Total1.62

Misquita IPO Prospectus

Misquita IPO Rating

88
4.4
Rating:Rated 4.4 stars
Vote Here ...

Misquita IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹27.00
₹27.85
₹27.85
₹29.20
₹29.20

Company Contact Information

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: http://www.bigshareonline.com

Misquita IPO Review

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 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.

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