MITCON Consultancy & Engineering Services Ltd IPO (MITCON Consultancy IPO) Detail

Oct 15, 2013 - Oct 18, 2013

Incorporated in 2010, MITCON Consultancy & Engineering Services Ltd is an ISO 9001:2008 certified company engaged in providing consultancy and engineering services. They provides services to banking, infrastructure and biotechnology sectors. They have provided services to small and medium enterprises (SME), large corporates, banks, financial institutions and various government bodies. They classify their services into Consultancy and Engineering Services and Training and Allied services.

Their client based includes GSPC Pipavav Power Company Limited, Ajanta Pharma Limited, VRL Logistics Limited, Sterling Biotech Limited, Naine Minerals & Resources Pte. Limited, Kisan Veer Satara Sahakari Sakhar Karkhana Limited, Shri Vile Parle Kelavani Mandal, D. J. Malpani, Giriraj Enterprises, Mahalaxmi TMT Private Limited, Adlabs Entertainment Limited, HPCL Biofuels Limited, PMT Machines Limited, Kalika Steels Alloys Private Limited and Maharashtra State Police Wireless. Company's shareholders include private sector banks, nationalized banks, financial institutions and state government development corporations.

Objects of the Issue

The Objects of the Issue are:

1. Acquisition of property for setting up new offices in Bangalore, Hyderabad, Chennai, New Delhi and Ahmedabad and environment testing laboratory in Bangalore and Ahmedabad;
2. Purchase of office equipment for new offices;
3. Purchase of furniture and fixtures and carrying out interior designing for the new offices and the environment testing laboratory;
4. Purchase of equipment for environment testing laboratory at Ahmedabad and Bangalore;
5. General Corporate Purposes; and
6. To meet Issue related expenses.

MITCON Consultancy IPO Details

MITCON Consultancy IPO Date Oct 15, 2013 to Oct 18, 2013
MITCON Consultancy IPO Face Value ₹10 per share
MITCON Consultancy IPO Price ₹61 per share
MITCON Consultancy IPO Lot Size 2000 Shares
Issue Size4,100,000 shares of ₹10
(aggregating up to ₹25.01 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

MITCON Consultancy IPO Lot Size

The MITCON Consultancy IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹122,000
Retail (Max) 1 2000 ₹122,000

MITCON Consultancy IPO Review

On merchant banker’s front, IDBI Capital has third mandate for NSE SME IPO whereas Keynote has second and looking at past track record of SME IPOs, the average performance of all listings on NSE Emerge so far is not auguring well for this IPO.



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MITCON Consultancy IPO Prospectus

MITCON Consultancy IPO Rating

Rating:Rated 3.7 stars
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MITCON Consultancy IPO Listing Date

Listing Date Friday, November 1, 2013
BSE Script Code
Listing In
ISIN INE828O01033
IPO Price ₹61 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹61.00
Open: ₹60.00
Low: ₹51.10
High: ₹60.00
Last Trade: ₹51.10

Company Contact Information

MITCON Consultancy & Engineering Services Ltd
First Floor, Kubera Chambers,
Pune 411 005, Maharashtra
Phone: +91 20 2553 4322

MITCON Consultancy IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

MITCON Consultancy IPO Review

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MITCON Consultancy IPO FAQs

MITCON Consultancy IPO is a SME IPO of 4,100,000 equity shares of the face value of ₹10 aggregating up to ₹25.01 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Oct 15, 2013, and closes on Oct 18, 2013.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The MITCON Consultancy IPO opens on Oct 15, 2013 and closes on Oct 18, 2013.

MITCON Consultancy IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in MITCON Consultancy 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 MITCON Consultancy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MITCON Consultancy IPO allotment status.

The MITCON Consultancy IPO listing date is on Friday, November 1, 2013.
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MITCON Consultancy IPO Message Board

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2. Dilip Davda |   Link |Oct 12, 2013 11:25:31 AM
Minimum application lot for this IPO is 2000 shares and in multiples thereof.

Dilip Davda
SEBI registered Research Analyst

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1. Dilip Davda |   Link |Oct 10, 2013 5:28:52 PM
The company has issued bonus in the ratio of 15 for 1 in June 2013. Earlier issues from lead manager IDBI Cap has failed to live upto confidence of investors. Entry barrier is the major concern. Better stay away.

Dilip Davda
SEBI registered Research Analyst

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