Madhya Bharat Agro Products Ltd IPO

Closed

Subscription Details

  • Open Date 29 Aug
  • Close Date 02 Sep
  • Lot Size 6000
  • IPO Size ₹ 13.9 Cr
  • IPO Price Range ₹ 24
  • Min Investment ₹ 144000

Madhya Bharat Agro Products Ltd IPO Timeline

Open Date
29 Aug
Close Date
02 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public offer of 57,90,000 equity shares of face value of Rs. 10 each of Madhya Bharat Agro Products Limited (The Company) for cash at a price of Rs. 24 per equity share (including a share premium of Rs. 14 per equity share)(Offer Price) aggregating to Rs. 13.90 crores (The Offer) through an offer for sale by Mr. Pankaj Ostwal, Mrs. Shashi Jain & Mrs. Amita Mehta, Mrs. Shashi Jain & Mr. Dharmesh Mehta, Season Agro Chem India Pvt Ltd, Ostwal Phoschem (India) Ltd, Paneri Textiles Pvt Ltd and Chunri Prints Pvt Ltd (The Selling Shareholders including promoters) of which 2,94,000 equity shares of face value of Rs.10 each for a cash price of Rs. 24 per equity share, aggregating to Rs. 0.71 crores will be reserved for subscription by market maker (market maker reservation portion). The offer lass the market maker reservation portion i.e. offer 54,96,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 24 per equity share aggregating to Rs. 13.19 crores. The offer and the net offer will constitute 26.43% and 25.09%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs.10 each and the offer price is Rs.24. The offer price is 2.4 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Madhya Bharat Agro Products Ltd IPO

Contact Information

Address

5-O-21 Basement,
R C Vyas Colony,
Bhilwara, Rajasthan 311001

Madhya Bharat Agro Products Ltd IPO Lead Manager

Hem Securities Ltd
Open Demat Account