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 and much more.
| Bidding Dates |
|---|
| 26 Feb 2019 - 01 Mar 2019 |
| Subscription |
|---|
| 1.54x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 4000 | 5.2 M | ₹32 | 72.99 % | ₹166.3 M | RHP DOC |
Mahip Industries IPO SUBSCRIPTION STATUS
01 Mar '19Mahip Industries IPO overall subscription rate was 1.54 times the total available shares
Mahip Industries IPO retail subscription rate was 1.54 times in the retail segment
Mahip Industries IPO non-institutional investor subscription rate was 1.53 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Feb 2019 (Day 2) | 0.39x | 1.2x | - |
28 Feb 2019 (Day 3) | 0.51x | 1.26x | - |
01 Mar 2019 (Day 4) | 1.54x | 1.53x | - |
26 Feb 2019 (Day 1) | 0.32x | 1.13x | - |
Mahip Industries 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) |
| 5MFY19 | 25.4 | 646.1 | 31.5 | 31.4 |
| FY18 | 42.9 | 1,402.6 | 29.1 | -47.2 |
| FY17 | 12.2 | 1,074.1 | 37.5 | 29.3 |
| FY16 | 11.2 | 1,039.7 | 104.6 | 102.0 |
| FY15 | 9.4 | 927.1 | 45.6 | -29.9 |
| FY 14 | 10.3 | 926.4 | 69.6 | 64.2 |
Mahip Industries IPO SUBSCRIPTION STATUS DETAILS
Mahip Industries had 5.2 M shares on offer
Mahip Industries IPO offer price was ₹32
Mahip Industries IPO minimum Investment was ₹128000
Mahip Industries IPO issue size was ₹ 166.3 M
Mahip Industries had a minimum lot size of 4000 Shares per application
Mahip Industries NUMBER OF SHARES ON OFFER
Mahip Industries IPO IMPORTANT DATES
| Issue Open Date | 26 Feb 2019 |
| Issue close Date | 01 Mar 2019 |
| Allotment Date | 07 Mar 2019 |
| Refund Date | 08 Mar 2019 |
| Demat Account Credit Date | 11 Mar 2019 |
| Listing Date | 12 Mar 2019 |
| Listing on Exchange(s) | BSE |
| Mahip Industries Allotment Status | Exchange |
Mahip Industries IPO subscription opened on 26 Feb 2019, and closed on 01 Mar 2019
IPO allotment for Mahip Industries was finalized on Thursday, 07 Mar 2019
IPO listing for Mahip Industries was on BSE on Tuesday, 12 Mar 2019
Mahip Industries IPO LISTING GAINS
| Issue Price (adjusted) | 32.0 |
| Listing Open Price | 32.0 |
| Listing Close Price | 33.6 |
| Listing Gain% | 0.0% |
| Current Gain% | -53.1% |
Mahip Industries 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mahip Industries Ltd. | 15 | 28.9 | 10.3 | 0 | 3.2 | -38.2 | 26.8 | 9.1 | 41.3 | 2.8 | 3360.6 | 1.5 | 3360.6 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
Mahip Industries INFORMATION ON IPO ISSUE
About Mahip Industries
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 and much more.
Object of the Issue
- Funding the working capital requirements
- General corporate purposes
Mahip Industries - PROMOTERS
| Name |
|---|
| Rajiv Govindram Agrawal |
| Rajiv Govindram Agrawal HUF |
Mahip Industries Lead Manager
Finshore Management Services Limited
info@finshoregroup.com
Mahip Industries Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Mahip Industries Strengths
Provide customized packaging solution as per client requirements
The company has high level of knowledge about the needs of customers, resulting from continuous two-way communication between its representatives and customers
Adopted the latest machinery and technology in production
There is a requirement for new machinery and the company stays updated with the new technology
In- House logistic support ensuring timely delivery
The company ensures timely delivery of products and has 10 to 15 helpers and drivers in order to customize the needs and requirements of buyers and smooth dispatch.
Mahip Industries Risks
Certain litigations
The company, Promoter/s, and Associate Company are involved in certain litigations which are currently pending at various stages.
Risks arising from boiler plant
Business operations involve the handling of Boiler Plant and risks arising from the same may result in damages to life and property, as also exposure to litigations.
IPO FAQs
The promoters of the company are Rajiv Govindram Agrawal and Rajiv Govindram Agrawal HUF.
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 32.0 - 32.0.
The IPO application opens on Feb 26, 2019 and closes on Mar 01, 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. 128,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Mar 07, 2019.
The refund will be credited to your account on Mar 08, 2019.
The allotted shares will be credited to your demat on Mar 11, 2019.
Mahip Industries Ltd.’s shares listed on the stock exchanges on Mar 12, 2019.