Mahip Industries Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Feb 2019

Close Date

01 Mar 2019

Allotment

07 Mar 2019

Listing Date

12 Mar 2019

Exchange

BSE SME

Price Band

₹32

Listing Price

See chart

Allotment Status

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Price Band

₹32

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

51,96,000 shares (aggregating up to ₹16.63 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹128,000

1 lot

Pre-IPO Holding

1,40,43,984 shares

Promoters

Post-IPO Holding

1,92,39,984 shares

Promoters

UPI Deadline

2019-03-01

Mandate

Anchor AllotmentMon, 25 Feb 2019

Basis of AllotmentThu, 07 Mar 2019

Refund InitiationFri, 08 Mar 2019

Demat CreditFri, 08 Mar 2019

Listing DayTue, 12 Mar 2019

UPI Mandate Deadline2019-03-01

Sale TypeFresh Capital

Net Offer to Public49,36,000 shares (aggregating up to ₹15.80 Cr)

Market Maker Quota2,60,000 shares (aggregating up to ₹0.8320 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Mahip Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 01 Mar 2019.

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	260,000	—	₹0.83
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,196,000	100%	₹16.63

IPO Shares Offered

Mahip Industries Ltd. IPO total issue size: ₹16.63 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	260,000	₹0.83	5.00%
Total	5,196,000	₹16.63	100.00%

* Based on upper price band ₹32 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹32.00

Upper Band

Min Investment

₹128,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹256,000
Retail (Max — 13 Lots)	13	52,000	₹1,664,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,792,000
B-HNI (Min — 68 Lots)	68	272,000	₹8,704,000

* Issue Price ₹32 × Lot Size 4,000 shares

IPO Schedule

Anchor

25 Feb 2019

✓ Done

IPO Open

26 Feb 2019

✓ Done

IPO Close

01 Mar 2019

✓ Done

Allotment

07 Mar 2019

✓ Done

Refunds

08 Mar 2019

✓ Done

Demat Credit

08 Mar 2019

✓ Done

Listing Day

12 Mar 2019

✓ Done

₹32.00

INR · BSE

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Issue ₹32.00 Live Price

About Mahip Industries Ltd.

Incorporated in 1995, Ahmedabad based Mahip Industries Limited is a company engaged in the manufacturing of packaging materials.The company's product portfolio includes Stagguard, Box, Corrugated Boxes, Corrugated Boxes with Partition, Corrugated Boxes With Lid, Printed Corrugated Boxes, Customized Corrugated Boxes, Laminated Corrugated Boxes, Bituminized corrugated boxes, Corrugated Cartons/Printed, Corrugated Cartons, Heavy Duty Corrugated Boxes, Multicolor Printed Cartons, Corrugated Sheets, Corrugated Paper Rolls, Auto Slot Boxes & Die Cut Boxes etc.The company has a facility with an installed capacity of 3500 tons per annum and intends to increase the existing capacity to 8352 tons in near future.Currently, the company does its business in Gujarat, through its network of dealer/distributor /agents. It also sells directly to the customers. It intends to enter and capture new markets in other states.It has 50 full-time employees on its payroll.Competitive Strengths of the Company-1. Over 2 decades of experience in the industry2. Varied product portfolio3. In- House logistic support

Objects of the Issue

1 Funding the working capital requirements of the Company

2 Issue related expenses

3 General corporate purposes

Mahip Industries Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹10,439.4

31-Mar-16

₹10,782.6

31-Mar-17

₹14,077.3

31-Mar-18

Profit After Tax (PAT)

₹111.3

31-Mar-16

₹121.9

31-Mar-17

₹414.1

31-Mar-18

Particulars	31-Mar-18	31-Mar-17	31-Mar-16
Revenue from Operations	14077.26	10782.57	10439.44
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	414.13	121.86	111.33
Net Worth	N/A	N/A	N/A
Total Assets	6638.06	5338.20	5357.69
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 Offered51,96,000 (100.00%)

Net Offer to Public49,36,000 shares (aggregating up to ₹15.80 Cr)

Reserved for Market Maker2,60,000 shares (aggregating up to ₹0.8320 Cr)

Pre-Issue Promoter Holding1,40,43,984 shares

Post-Issue Promoter Holding1,92,39,984 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

Finshore Management Services Ltd.

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

IPO Subscription FAQs

How much Mahip Industries Ltd. IPO subscribed? ▲

Mahip Industries Ltd. IPO is subscribed 1.00 times by Mar 01, 2019. 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 Mahip Industries Ltd. IPO retail subscription status? ▼

The Mahip Industries Ltd. IPO retail category is subscribed 1.00 times as of 01 Mar 2019. The retail portion is oversubscribed.

How to subscribe Mahip Industries Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Feb 2019 and closes 01 Mar 2019. Min investment: ₹128,000 (1 lot = 4,000 shares). UPI mandate: 2019-03-01.

How many times Mahip Industries Ltd. IPO subscribed? ▼

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

How to check Mahip Industries 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: 07 Mar 2019. Refunds: on 08 Mar 2019.

When Mahip Industries Ltd. IPO will be listed? ▼

The Mahip Industries Ltd. IPO listing date is 12 Mar 2019, Tuesday. Listed on: BSE SME. Issue price: ₹32. Estimated listing: ₹32. GMP: NIL.

When Mahip Industries Ltd. IPO close? ▼

The Mahip Industries Ltd. IPO closes on 01 Mar 2019, Friday. UPI mandate: 2019-03-01. Allotment: 07 Mar 2019. Listing: 12 Mar 2019.

Quick Actions

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Live Price LIVE

Last Price₹32.00

Change—

Issue Price₹32.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹32

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹128,000

GMPNIL

Est. Listing₹32

Subscribed1.00x

Open Date26 Feb 2019

Close Date01 Mar 2019

Allotment07 Mar 2019

Listing Date12 Mar 2019

ExchangeBSE SME

UPI Deadline2019-03-01