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Momai Apparels Limited IPO (Momai Apparels IPO) Detail

Sep 25, 2014 - Sep 30, 2014

Incorporated in 2010, Momai Apparels Limited is subsidiary of Ashapura Intimates Fashion Ltd; a leading loungewear company; which is listed at BSE SME.

Momai Apparels is engaged in manufacturing of intimate garments. Company product line includes:

Lounge Wear (Under brand name 'Valentine' and 'NLine')

1. Loungewear for men, women, teenagers and toddlers
2. Bridal night wear and honeymoon sets
3. Bathrobes for men and women
4. Kids wear and Kids inner wear

Nighties & Bath robes (Under brand names 'N&D Night & Day')
1. Night wear
2. Maternity feeding night wear Bridal (two pieces)
3. Kids night wear

Sportswear (Under brand name 'Valentine Sports')
1. Sportswear and gym wear / yoga wear for both men and women

Company has a manufacturing facility at Bhiwandi, near Mumbai.

Objects of the Issue:

The objects of the Issue are:

1. Acquisition of land for setting up new manufacturing facility
2. To meet long term working capital
3. Meet Issue expenses
4. General corporate purpose

Momai Apparels IPO Details

Momai Apparels IPO Date Sep 25, 2014 to Sep 30, 2014
Momai Apparels IPO Face Value ₹10 per share
Momai Apparels IPO Price ₹78 to ₹90 per share
Momai Apparels IPO Lot Size 1600 Shares
Issue Size3,846,400 shares of ₹10
(aggregating up to ₹30.00 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

The promoter of the company is Ashapura Intimates Fashion Ltd.

Momai Apparels IPO Lot Size

The Momai Apparels IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).

Application Lots Shares Amount
Minimum 1 1600 ₹144,000
Maximum 1 1600 ₹144,000

Momai Apparels IPO Review

On merchant banker’s front, this is the fourth issue out of six IPOs in public domain and based on the track record, it appears, Pantomath is the sincere player in SME segment with projects having fundamentals. This merchant banker is not only first in bringing SME IPOs for both BSE and NSE, but is also taking lead in promoting SME sector with many initiatives in this regards.

Despite entry barriers of SME IPOs pre and post mode basis and poor support from primary market operators, long term investors should grab it as it is another mini Page Industries in the offing.

(Disclaimer: Author has no plans to invest in this IPO)

Read detail review...

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Momai Apparels IPO Prospectus

Momai Apparels IPO Rating

104
4.0
Rating:Rated 4.0 stars
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Momai Apparels IPO Listing Date

Listing Date Thursday, October 16, 2014
BSE Script Code
NSE Symbol MOMAI
Listing In
ISIN INE133R01015
IPO Price ₹78 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹78.00
Open: ₹78.00
Low: ₹78.00
High: ₹82.00
Last Trade: ₹79.70

Company Contact Information

Momai Apparels Limited
Shop No.305-309, 3rd Floor,
Pacific Plaza Plot No.570, TPS IV,
Mahim Division, Dadar-W, Mumbai-28
Phone: 022-24331551
Email: investors@momaiapparels.com
Website: http://www.momaiapparels.com/

Momai Apparels IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: mal.ncd@linkintime.co.in
Website: https://linkintime.co.in/

Momai Apparels IPO Reviews / Ratings

Momai Apparels IPO FAQs

Momai Apparels IPO is a SME IPO of 3,846,400 equity shares of the face value of ₹10 aggregating up to ₹30.00 Crores. The issue is priced at ₹78 to ₹90 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Sep 25, 2014, and closes on Sep 30, 2014.

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

The Momai Apparels IPO opens on Sep 25, 2014 and closes on Sep 30, 2014.

Momai Apparels IPO lot size is 1600 Shares and the minimum order quantity is .

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

The Momai Apparels IPO listing date is on Thursday, October 16, 2014.
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Momai Apparels IPO Message Board

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197 Comments

145. BRAJESH |   Link |Nov 26, 2014 4:13:00 PM
Mimai volume slowely down day to day and ratr also not up from Rs. 81 what us
the view of u guys either exit from stock or invested
. Pls give ur view.
144. Sri |   Link |Nov 22, 2014 8:08:45 PM
Will this improve anytime soon? bought @ 99 :(
143. UMESH PANDYA |   Link |Nov 11, 2014 9:25:52 AM
Why i am not able to sell shares of momai appral ?
143.1. rohit kumar |   Link |Nov 11, 2014 5:51:32 PM
Ortel Communication Limited:

Ortel Communication Ltd is a regional cable television and high speed broadband services provider focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh and west Bengal.Ortel have built a two-way communication network for ‘Triple Play’ services (video, data and voice capabilities) with control over the ‘last mile’. They have pioneered the primary point cable business model in India by offering digital and analog cable television, broadband and VAS services in Orissa, Chhattisgarh, West Bengal and Andhra Pradesh. Ortel currently hold a dominant position in Orissa, with a fast-emerging presence in three other markets, covering an addressable market of approximately five million homes

The brand names, “Ortel Home Cable”, “Ortel Digital” and “Ortel Broadband” are well known in the regions in which they operate. Ortel commenced the business in 1995 and currently, their business is broadly divided into (i) cable television services comprising of (a) analog cable television services (b) digital cable television services including other value added services such as HD services, NVoD, gaming and local content (ii) broadband services (iii) leasing of fibre infrastructure and (iv) signal uplinking services.

They were one of the first private sector companies in India to be granted an ISP license by the Government of India. Ortel services both retail and corporate customers. As of June 30, 2014, Ortel had 3,88,115 retail subscribers for analog cable television services, 74,213 retail subscribers for digital cable television services and 55,861 broadband retail subscribers adding up to a total of 5,18,189 RGUs and provisioned bandwidth of 813 mbps to the broadband corporate customers.

Ortel have grown both organically and inorganically through sale of their services directly to the cable television subscribers and through buyout of network equipment’s, infrastructure and subscribers of other MSOs and LCOs. Ortel convert the acquired cable television subscribers to primary subscribers and improve the quality of services by upgrading or rebuilding the network with the ‘last mile’ connection. By improving the quality of cable services as well as providing value added services, Ortel are able to limit large scale customer attrition to competing service platforms such as DTH providers and increase the revenue per user.
ONE MORE IPO IS COMING ON LAST NOV
For the year ended March 31, 2014, their total income was Rs1,321.61 million and PBDIT was Rs452.09 million. In Fiscal 2013 and 2012 the total income was Rs1,216.25 million and Rs1,211.99 million, respectively and their PBDIT was Rs353.21 million and Rs399.37 million, respectively.
142. IPO GRUP |   Link |Nov 7, 2014 11:50:24 PM
pl momai aprals ka bse sme code nos keya hay (bse side par bhav nahi ata hay )
141. veeshal parekh |   Link |Oct 20, 2014 11:31:02 PM
THANKS DILIP DAVDA FOR ENCOURAGING ME TO BUY MOMAI.THUMBS UP TO YOU
140. veeshal parekh |   Link |Oct 20, 2014 11:26:34 PM
MOMAI IS LIKE NAVRATNA IN SME SECTOR DONT SELL AT THIS PRICE YOU WILL SURELY REGRET
139. veeshal parekh |   Link |Oct 20, 2014 10:03:55 PM
EAGERLY WAITING FOR MONTE CARLO
138. veeshal parekh |   Link |Oct 20, 2014 10:00:52 PM
MANAGEMENT IS BEST
137. veeshal parekh |   Link |Oct 20, 2014 9:59:06 PM
MOMAI IS KIND OF A GEM STOCK
136. Sanjeev Kohli |   Link |Oct 20, 2014 12:02:30 PM
I had applied thru ICICI ASBA and can see that it has been credited in the DMAT account but it does not show on holding account and I am unable to trade.....pls help.
136.1. AKUUPATEL |   Link |Oct 21, 2014 1:46:14 AM
dear dilipbhai ..help us to know what is problem ? why not allotted to demat ?
to whom should we contact ?
135. AKUUPATEL |   Link |Oct 18, 2014 1:46:55 AM
I get allotment 1600 by kotak Asba but i could not see in holding list can u please help me why is it so?
134. IPOANALYSIS |   Link |Oct 18, 2014 12:16:25 AM
CLOSED AT 85 TODAY

IT WILL SLOWLY AND STEADILY MOVE TOWARDS 100+ BY DIWALI AND REACH 150 IN 3 MONTHS.

THIS IS A LONG TERM STOCK. KEEP ADDING THIS STOCK IN YOUR PORTFOLIO . BOTH SHORT TERM AND LONG TERM WILL BE REWARDED
133. Dilip Davda |   Link |Oct 17, 2014 9:18:05 PM
Momai Apparels – an emerging star on NSE SME

The biggest SME IPO of Momai Apparels from Valentine group that collected over Rs. 43.30 crore by way of maiden offer got listed on NSE SME Emerge platform on 16.10.14. The shares that were allotted at a price of Rs. 78 against price band of Rs. 78-90 opened at Rs. 78 marked the high of Rs. 82 and closed at Rs. 79.70 with a closing at a premium above offer price on debut day.


Caption: From Left to Right Mr Dinesh Sodha ED-Momai Apparel, Mr Harshad Thakkar – CMD- Momai, Mrs Harshad Thakkar, Mr Mahavir Lunawat- CMD Pantomath group

The issue that created a record of oversubscription to the tune of 1.84 times attracting over 2800 applications also created new milestone of biggest volume on debut day. On NSE SME Emerge it clocked in total average volume of Rs. 8 crore day and thus established new records surpassing many main line counters. Details of two day’s trade for the week ended 17.10.14 are as under:

Date            Open      High      Low      Close      No. of shares      No of Trades      Volume in Rs. Crore
16.10.14      78      82      78      79.25      990400            619            7.99                  
17.10.14      80      85.70      80      84.85      995200            622            8.35

According to market circles, many retail investors who did not get allotment have rushed in to buy the shares and investment brokers have chased the counter for their HNI clients. Thus the scrip is finding its way in long-term investors’ portfolio. The issue got rating of “CARE SME Fundamental 4” indicating very good fundamentals. The issue was lead managed by Pantomath Capital Advisors Pvt Ltd. and registrar to the issue was Link Intime India Pvt Ltd.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

132. JAYESH SHAH |   Link |Oct 17, 2014 1:29:45 PM
IT IS MOVING TOWARD 90 TO 125 RANGE
132.1. ria shroff |   Link |Oct 17, 2014 2:35:37 PM
Yes whatever be the rumors about this stock but its definite hold for short term and long term
132.2. Lakhan |   Link |Oct 17, 2014 4:42:10 PM
Yep , its a buy and hold both.
Stock to keep in portfolio ,
target 100+ By diwali
and 150+ by december end.
131. jadesmith |   Link |Oct 16, 2014 10:23:10 PM
@Mitesh..it has been traded since 9.15 am itself.
130. BIPIN GUPTA |   Link |Oct 16, 2014 5:51:00 PM
miteshbhai,thanks for the reply.little more trouble i will give you. if i want to buy momai apparels then can i buy in nse market or i need to buy in different market like like nse sme ..??
plz tell me. and thanks a lot.
129. jadesmith |   Link |Oct 16, 2014 11:09:32 AM
Sold @ 81
129.1. MITESH PATEL |   Link |Oct 16, 2014 11:53:56 AM
it is not listed yet!!!!!!! how can u sold?
129.2. Lakhan |   Link |Oct 16, 2014 1:22:49 PM
Currently trading at 81.6 !!!!
Target 100+ by end of November.
128. DABAANG |   Link |Oct 15, 2014 4:39:51 PM
I have been debited the amount but securities have not been credited in my dp account. what should i do...
128.1. R GARG |   Link |Oct 15, 2014 6:20:12 PM
Dear Shares have already credited in respective DPs account. In case of non credit, you may contract Ms. Bhumi, Company Sectary of Company of Linkintimne - Registrar to the issue.
128.2. Lakhan |   Link |Oct 15, 2014 6:41:12 PM
Dear Dabaang ji ,

Same problem with me , but when i closely checked my account ,
securities of momai apparels limited are showing as blocked balance and not as free balance.
I don''t know what it means.
127. R GARG |   Link |Oct 15, 2014 1:02:16 PM
Whether it is Listing Tomorrow.
126. Tarun Gupta |   Link |Oct 15, 2014 11:42:14 AM
Remember ashapur 40 issue price
Momai 78 issue price