Mahip Industries Ltd IPO

Closed

IPO Subscription Details

  • Open Date 26 Feb
  • Close Date 01 Mar
  • Lot Size 4000
  • IPO Size ₹ 16.63 Cr
  • IPO Price Range ₹ 32
  • Min Investment ₹ 128000

IPO Synopsis

Initial public issue of 51,96,000 equity shares of face value of Rs. 10/- each of Mahip Industries Limited (MIL or The Company or The Issuer) for cash at a price of Rs. 32/- per equity share including a share premium of Rs. 22/- per equity share (The Issue Price) aggregating to Rs. 16.63 crores (The Issue), of which 2,60,000 Equity shares of face value of Rs.10/- each for cash at a price of Rs. 32/- per equity share including a share Premium of Rs. 22/- per equity share aggregating to Rs. 0.83 crores will be reserved for subscription by Market maker to the issue (The market maker reservation portion). The issue less the market maker Reservation portion i.e. Net issue of 49,36,000 equity shares of face value of Rs. 10/- each at a price of Rs. 32/- per Equity share aggregating to Rs. 15.80 crores is herein after referred to as the net issue. The issue and The net issue will constitute 27.01% and 25.65%, respectively of the post issue paid up equity share capital of the company The Face value of the equity shares is Rs. 10 each and the issue price is Rs. 32/- per share i.e. 3.2 time of the face value of the equity shares.

How to apply for 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 Mahip Industries Ltd IPO

Contact Information

Address

Survey No. 127 Jalalpur-Godhn.,
Dholka - Bagodara Highway,
Ahmedabad, Gujarat 387810

Mahip Industries Ltd IPO Lead Manager

Finshore Management Services Ltd