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 Promoters:

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

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

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)

Misquita IPO Tentative Timetable

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

Misquita IPO Lot Size

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

Misquita IPO Promoter Holding

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

Misquita IPO Subscription Status (Bidding Detail)

The Misquita IPO is subscribed 1.62x times on Sep 25, 2019 18:49. The public issue subscribed 0.72x in the retail category, in the QIB category, and 2.52x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	2.52x
RII	0.72x
Total	1.62x

Misquita IPO Prospectus

› Misquita IPO DRHP
› Misquita IPO RHP

Misquita IPO Rating

4.4

Rating:

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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 equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹27.00
₹27.85
₹27.85
₹29.20
₹29.20
40,000

Misquita IPO Reviews / Ratings

Dilip Davda - Avoid

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
   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 Lead Manager(s)

Gretex Corporate Services Pvt Ltd

Lead Manager Reports

Misquita IPO FAQs

What is Misquita IPO?

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.
When Misquita IPO will open?

The Misquita IPO opens on Sep 23, 2019 and closes on Sep 25, 2019.
What is the lot size of Misquita IPO?

Misquita IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
How to apply for Misquita IPO?

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.
When Misquita IPO allotment?

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.
When is Misquita IPO listing date?

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

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