Milton Industries IPO


Milton Industries IPOBusiness description from prospectus – Milton Industries Limited is an ISO 9001:2008 certified company and is engaged in manufacturing of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets in the state of Gujarat. The company is a manufacturer and exporter of premium quality high-pressure laminates, industrial Laminates, laminated board, flooring laminates, artificial Leather cloth, GFRE Sheets and other allied products. The company’s laminates can be used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc. Initially, the company was engaged in manufacturing of laminates and further diversified in manufacturing and exports of Artificial Leather cloth and GFRE Sheets.

Its manufacturing facilities are situated in Gujarat and distributed in two units having different activities of Production.

Promoters of Milton Industries – Mr Vijay Pal Jain, Mr Ajay Mahipal Singh Jain, Mr Abhaykumar Mahipal Singh Jain, Mr Vikas Jain and Mr Saket Jain

Milton Industries IPO details

Subscription Dates 29 September – 6 October 2017
IPO Price band INR34 per share
Fresh issue 4,200,000 shares (INR14.28 crore)
Offer for sale Nil
Total IPO size 4,200,000 shares (INR14.28 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform


Milton Industries’  financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 4,655.1 4,546.2 4,228.4 4,203.4 4,363.2
Total expenses 4,539.6 4,436.2 4,133.4 4,079.9 4,232.9
Profit after tax 86.3 74.3 63.0 22.1 115.4

Milton Industries Limited
1/2, Chitra-Ami Appartment
Opp. La Gajjar Chamber, Ashram Road
Ahmedabad – 380009

Phone: +91 79 2658 4193
Email: [email protected]


Subscription (no. of times)

Day 1 0.78
Day 2 0.95
Day 3 1.07
Day 4 1.66
Day 5 13.69


Earnings Per Share (EPS): INR1.03

Price/Earnings (P/E) ratio: 33.14

Return on Net Worth (RONW): 8.65%

Net Asset Value (NAV): INR26.69 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Milton Industries IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 29 September 2017

IPO Closing Date: 6 October 2017

Listing Date: 16 October 2017

Listing Price on NSE SME: INR40.8 per share (up 20% from IPO price)

Closing Price on NSE SME: INR34.35 per share (up 1.03% from IPO price)


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