The Mahickra Chemicals date has been confirmed from April 16, 2018 and ended on April 18, 2018.
Mahickra Chemicals Developers IPO is a fixed price issue of Rs 5.25 crores. The price band is set at ₹24 to ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
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Bidding Dates
April 16-18
Price Range
₹24 to ₹25 per share
Face Value
₹10 per share
GMP
₹101.75
Mahickra Chemicals IPO GMP
The Mahickra Chemicals IPO GMP is ₹101.75.
IPO Overview
The Mahickra Chemicals IPO is a Rs 5.25 crore book-built issuance. The IPO auction for Mahickra Chemicals began on April 16, 2018 and closed on April 18, 2018. On Monday, April 23, 2018, the Mahickra Chemicals IPO allotment was completed. On April 26, 2018, the shares were listed on the NSE SME. The IPO price range for Mahickra Chemicals is set at ₹24 to ₹25 per share.
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. A lot size of 6000 shares is required for an application. Retail investors must make a minimum investment of ₹150,000 to participate.
Mahickra Chemicals IPO Details
| IPO Date | April 16, 2018 to April 18, 2018 |
| Listing Date | April 26, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹24 to ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,100,000 shares (aggregating up to ₹5.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 108,000 shares |
Mahickra Chemicals Company Financial
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2562.24 | 1817.89 | 1781.93 | 2089.50 | 1063.95 | |
| Total Revenue | 4225.85 | 3478.82 | 4275.15 | 4355.99 | 1932.94 | |
| Profit After Tax | 35.27 | 15.17 | 8.60 | 17.36 | 9.31 | |
Mahickra Chemicals IPO Timeline
| IPO Open Date | Monday, April 16, 2018 |
| IPO Close Date | Wednesday, April 18, 2018 |
| Basis of Allotment | Monday, April 23, 2018 |
| Initiation of Refunds | Tuesday, April 24, 2018 |
| Credit of Shares to Demat | Wednesday, April 25, 2018 |
| Listing Date | Thursday, April 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 18, 2018 |
Company Profile
Mahickra Chemicals Limited, situated in Gujarat, was founded in 1994 and is a manufacturer and trader of reactive dyes. The company produces 40 different types of reactive dyes. The company’s goods are aimed at textile and garment producers. Additionally, it provides specific performance chemicals to the textile dyeing and printing industries. Mahickra has an annual output capacity of approximately 900 tonnes. The company’s production facility is located at Vatva GIDC in Gujarat. The facility is two-story and 700 square metres in size.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Mahickra Chemicals Limited |
| Phone number | 079-25890811/25832692 |
| Email ID | info@mahickra.com |
| Website | mahickra.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
