The Mahickra Chemicals date has been confirmed from April 16, 2018 and ended on April 18, 2018. Read the post to learn about Mahickra Chemicals IPO GMP.
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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Key Details Of Mahickra Chemicals IPO:
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 Today is ₹101.75.
Mahickra Chemicals IPO Overview
Mahickra Chemicals’ IPO is a Rs 5.25 crore book-built offering. Mahickra Chemicals’ IPO bidding began on April 16 and ended on April 18, 2018. On Monday, April 23, 2018, the Mahickra Chemicals IPO allotment was complete. On April 26, 2018, the shares were listed on the NSE SME. Mahickra Chemicals’ IPO pricing range 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, built in 1994 in the state of Gujarat is an enterprise that takes care of production and trade of effervescent dyes.
Company suppliers 40 distinct type of reactive dyes. The firm’s product is the textile buyers and apparel makers. In addition, under its sustainable chemicals strategy, it also provides the textile dyeing and printing activities with a specific performance chemicals. Mahickra with an annual capacity of about 900 tonnes would have an annual output of. This production unit of the firm is sits at Vatva GIDC in Gujarat. The building is two-storey, and measuring 700 m2 in total area.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Mahickra Chemicals Limited |
| Phone number | 079-25890811/25832692 |
| Email ID | [email protected] |
| Website | mahickra.com |
IPO Strengths
- 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.
Mahickra Chemicals IPO FAQs
When Mahickra Chemicals IPO will open?
The Mahickra Chemicals IPO opens on April 16, 2018 and closes on April 18, 2018.
What is the lot size of Mahickra Chemicals IPO?
Mahickra Chemicals IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
When is Mahickra Chemicals IPO allotment?
The finalization of Basis of Allotment for Mahickra Chemicals IPO will be done on Monday, April 23, 2018, and the allotted shares will be credited to your demat account by Wednesday, April 25, 2018.
When is Mahickra Chemicals IPO listing date?
The Mahickra Chemicals IPO listing date is on April 26, 2018.
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