Misquita Engineering was incorporated on March 04, 1998. The company is the major component supplier and job worker to a manufacturer of washing machines in the Indian market for Front Loading washers.
| Bidding Dates |
|---|
| 23 Sep 2019 - 25 Sep 2019 |
| Subscription |
|---|
| 1.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 4000 | 716.0 K | ₹27 | 73.42 % | ₹19.3 M | RHP DOC |
Misquita Engineering IPO SUBSCRIPTION STATUS
25 Sep '19Misquita Engineering IPO overall subscription rate was 1.62 times the total available shares
Misquita Engineering IPO retail subscription rate was 0.72 times in the retail segment
Misquita Engineering IPO non-institutional investor subscription rate was 2.52 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Sep 2019 (Day 2) | 0.28x | 1.2x | - |
25 Sep 2019 (Day 3) | 0.72x | 2.52x | - |
23 Sep 2019 (Day 1) | 0.11x | 0.07x | - |
Misquita Engineering FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY19 | 4.2 | 72.0 | 5.8 | -0.1 |
| FY18 | 2.5 | 63.4 | 1.5 | -7.3 |
| FY17 | 1.6 | 54.0 | -21.1 | -21.5 |
Misquita Engineering IPO SUBSCRIPTION STATUS DETAILS
Misquita Engineering had 716.0 K shares on offer
Misquita Engineering IPO offer price was ₹27
Misquita Engineering IPO minimum Investment was ₹108000
Misquita Engineering IPO issue size was ₹ 19.3 M
Misquita Engineering had a minimum lot size of 4000 Shares per application
Misquita Engineering NUMBER OF SHARES ON OFFER
Misquita Engineering IPO IMPORTANT DATES
| Issue Open Date | 23 Sep 2019 |
| Issue close Date | 25 Sep 2019 |
| Allotment Date | 30 Sep 2019 |
| Refund Date | 01 Oct 2019 |
| Demat Account Credit Date | 01 Oct 2019 |
| Listing Date | 04 Oct 2019 |
| Listing on Exchange(s) | BSE |
| Misquita Engineering Allotment Status | Exchange |
Misquita Engineering IPO subscription opened on 23 Sep 2019, and closed on 25 Sep 2019
IPO allotment for Misquita Engineering was finalized on Monday, 30 Sep 2019
IPO listing for Misquita Engineering was on BSE on Friday, 04 Oct 2019
Misquita Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 27.0 |
| Listing Open Price | 27.9 |
| Listing Close Price | 29.2 |
| Listing Gain% | 3.1% |
| Current Gain% | 153.7% |
Misquita Engineering Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Misquita Engineering Ltd. | 68.5 | 18.5 | 139.9 | -4.2 | 1 | 1.6 | 1 | 18 | 50 | 0.2 | 15.9 | 0.5 | -33.4 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Misquita Engineering INFORMATION ON IPO ISSUE
About Misquita Engineering
Misquita Engineering was incorporated on March 04, 1998. The company is the major component supplier and job worker to a manufacturer of washing machines in the Indian market for Front Loading washers.
Object of the Issue
- To meet working capital requirement
- Prepayment/Repayment of certain debt facilities availed by the company (loan for shed expansion)
Misquita Engineering - PROMOTERS
| Name |
|---|
| Thomas Constance Avinash Misquita |
| Gail Lucia Misquita |
Misquita Engineering Lead Manager
Gretex Corporate Services Pvt Ltd
info@gretexgroup.com
Misquita Engineering Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Misquita Engineering Strengths
Experienced management team
The promoter Thomas C Avinash Misquita and Gail L Misquita bring their entrepreneurial vision and leadership having experience of more than 21 years which has been instrumental in growing and sustaining business operations
Quality Assurance
The company is an ISO 9001:2015 certified company and provides quality in manufacturing systems and process and products
Cordial relationships with suppliers
The company has a cordial relationship with suppliers for the supply of materials, which provides it with the competitive advantage of effective and timely sourcing of raw materials
Misquita Engineering Risks
Legal proceedings
The company, promoters, directors and group companies are parties to certain legal proceedings and adverse decisions in such proceedings may have a material adverse effect on business, results of operations and financial condition
Dependent on limited customers
The top five customers contribute a major portion of revenues for the year ended March 31, 2019.
IPO FAQs
This IPO consists of an offer for sale of up to Rs 0.7 crore, of 272,000 shares. It also consists of a fresh issue of Rs 1.2 crore.
The promoters of the company are Thomas Constance Avinash Misquita and Gail Lucia Misquita.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 27.0 - 27.0.
The IPO application opens on Sep 23, 2019 and closes on Sep 25, 2019.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Sep 30, 2019.
The refund will be credited to your account on Oct 01, 2019.
The allotted shares will be credited to your demat on Oct 01, 2019.
Misquita Engineering Ltd.’s shares listed on the stock exchanges on Oct 04, 2019.