Mahickra Chemicals Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

16 Apr 2018

Close Date

18 Apr 2018

Allotment

23 Apr 2018

Listing Date

26 Apr 2018

Exchange

NSE SME

Price Band

₹25

Listing Price

See chart

Allotment Status

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Price Band

₹25

Per share

Face Value

₹10 per share

Lot Size

6,000 Shares

per lot

Issue Size

21,00,000 shares (aggregating up to ₹5.25 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹150,000

1 lot

Pre-IPO Holding

51,34,160 shares

Promoters

Post-IPO Holding

72,34,160 shares

Promoters

UPI Deadline

2018-04-18

Mandate

Anchor AllotmentSun, 15 Apr 2018

Basis of AllotmentMon, 23 Apr 2018

Refund InitiationTue, 24 Apr 2018

Demat CreditWed, 25 Apr 2018

Listing DayThu, 26 Apr 2018

UPI Mandate Deadline2018-04-18

Sale TypeFresh Capital

Net Offer to Public19,92,000 shares (aggregating up to ₹4.98 Cr)

Market Maker Quota1,08,000 shares (aggregating up to ₹0.2700 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Mahickra Chemicals Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 18 Apr 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	108,000	—	₹0.27
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,100,000	100%	₹5.25

IPO Shares Offered

Mahickra Chemicals Ltd. IPO total issue size: ₹5.25 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	108,000	₹0.27	5.14%
Total	2,100,000	₹5.25	100.00%

* Based on upper price band ₹25 per share

Lot Size & Investment

Lot Size

6,000

Shares per Lot

Issue Price

₹25.00

Upper Band

Min Investment

₹150,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	12,000	₹300,000
Retail (Max — 13 Lots)	13	78,000	₹1,950,000
S-HNI (Min — 14 Lots)	14	84,000	₹2,100,000
B-HNI (Min — 68 Lots)	68	408,000	₹10,200,000

* Issue Price ₹25 × Lot Size 6,000 shares

IPO Schedule

Anchor

15 Apr 2018

✓ Done

IPO Open

16 Apr 2018

✓ Done

IPO Close

18 Apr 2018

✓ Done

Allotment

23 Apr 2018

✓ Done

Refunds

24 Apr 2018

✓ Done

Demat Credit

25 Apr 2018

✓ Done

Listing Day

26 Apr 2018

✓ Done

₹25.00

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Issue ₹25.00 Live Price

About Mahickra Chemicals Ltd.

Incorporated in 1994, Gujarat based Mahickra Chemicals Limited is engaged in the business of manufacturing and trading of Reactive Dyes. The company manufactures 40 various types of Reactive Dyes. The products of the company cater to textiles & garments manufacturers. It also offers specialty performance chemicals to the Textile Dyeing and printing industry.Mahickra has a production capacity of approx. 900 tons per annum. The manufacturing facility of the company is situated at Vatva GIDC in Gujarat. The facility is spread over 2 storeyed 700 sq. meters in area. It is an ISO 9001:2015, ISO 14001:2015 and GOTS certified company. The company had 18 employees on its payroll as on 31st January 2018.

Objects of the Issue

1 Funding the working capital requirements of the Company

2 General Corporate Purpose

Mahickra Chemicals Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹4,275.2

31-Mar-15

₹3,478.8

31-Mar-16

₹4,225.9

31-Mar-17

Profit After Tax (PAT)

₹8.6

31-Mar-15

₹15.2

31-Mar-16

₹35.3

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	4225.85	3478.82	4275.15
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	35.27	15.17	8.60
Net Worth	N/A	N/A	N/A
Total Assets	2562.24	1817.89	1781.93
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered21,00,000 (100.00%)

Net Offer to Public19,92,000 shares (aggregating up to ₹4.98 Cr)

Reserved for Market Maker1,08,000 shares (aggregating up to ₹0.2700 Cr)

Pre-Issue Promoter Holding51,34,160 shares

Post-Issue Promoter Holding72,34,160 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Pantomath Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Mahickra Chemicals Ltd. IPO subscribed? ▲

Mahickra Chemicals Ltd. IPO is subscribed 1.00 times by Apr 18, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Mahickra Chemicals Ltd. IPO retail subscription status? ▼

The Mahickra Chemicals Ltd. IPO retail category is subscribed 1.00 times as of 18 Apr 2018. The retail portion is oversubscribed.

How to subscribe Mahickra Chemicals Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 16 Apr 2018 and closes 18 Apr 2018. Min investment: ₹150,000 (1 lot = 6,000 shares). UPI mandate: 2018-04-18.

How many times Mahickra Chemicals Ltd. IPO subscribed? ▼

The Mahickra Chemicals Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Mahickra Chemicals Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 23 Apr 2018. Refunds: on 24 Apr 2018.

When Mahickra Chemicals Ltd. IPO will be listed? ▼

The Mahickra Chemicals Ltd. IPO listing date is 26 Apr 2018, Thursday. Listed on: NSE SME. Issue price: ₹25. Estimated listing: ₹25. GMP: NIL.

When Mahickra Chemicals Ltd. IPO close? ▼

The Mahickra Chemicals Ltd. IPO closes on 18 Apr 2018, Wednesday. UPI mandate: 2018-04-18. Allotment: 23 Apr 2018. Listing: 26 Apr 2018.

Quick Actions

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Live Price LIVE

Last Price₹25.00

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Issue Price₹25.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹25

Face Value₹10

Lot Size6,000 Sh

Min. Amount₹150,000

GMPNIL

Est. Listing₹25

Subscribed1.00x

Open Date16 Apr 2018

Close Date18 Apr 2018

Allotment23 Apr 2018

Listing Date26 Apr 2018

ExchangeNSE SME

UPI Deadline2018-04-18