Milton Industries Ltd IPO

Closed

Subscription Details

  • Open Date 29 Sep
  • Close Date 06 Oct
  • Lot Size 4000
  • IPO Size ₹ 14.28 Cr
  • IPO Price Range ₹ 34
  • Min Investment ₹ 136000

Milton Industries Ltd IPO Timeline

Open Date
29 Sep
Close Date
06 Oct
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Initial public offer of 42,00,000 equity shares of face value of Rs. 10 each (equity shares) of Milton Industries Limited (the Company or issuer) for cash at a price of Rs. 34.00 per equity share (including a share premium of Rs. 24.00 per equity share) (issue price) aggregating to Rs. 14.28 Crores (issue) of which 2,16,000 equity shares of face value of Rs.10.00 each for a cash price of Rs. 34.00 per equity share, aggregating to Rs. 0.73 Crores will be reserved for subscription by market maker (market maker Reservation portion). The issue less the market maker reservation portion i.e. Issue of 39,84,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 34.00 per equity share aggregating to Rs. 13.55 Crores (is hereinafter referred to as the net Issue). The issue and the net issue will constitute 27.18% and 25.79%, respectively of the post issue paid up equity share capital of the company. For further details, please refer to section titled terms of the issue beginning on page 216 of this draft Prospectus. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 34.00. The issue price is 3.4 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 Milton Industries Ltd IPO

Contact Information

Address

1/2 Chitra-Ami Appartment,
Opp La Gajjar Chamber AshramRd,
Ahmedabad, Gujarat 380009

Milton Industries Ltd IPO Lead Manager

Swastika Investmart Ltd
Open Demat Account