Mahickra Chemicals IPO

Mahickra Chemicals IPOBusiness description – Mahickra Chemicals is in the business of manufacturing of Reactive Dyes since year 1998, while the business of trading in Reactive Dyes was started in year 1994. The company manufactures Reactive Dyes also known as Synthetic Organic Dyes (S.O.Dyes) and has an integrated process. The company specializes in Black Reactive Dyes. It manufactures 40 various types of Reactive Dyes. The product of the company caters to textiles & garments manufacturers. The company also offers specialty performance chemicals to the Textile Dyeing and printing industry. Mahickra Chemicals has a production capacity of approx. 900 tons per annum. The manufacturing facility of the company is situated at Vatva GIDC in Gujarat. The facility is spread over 2 storeyed 700 sq. meters in area. The company is an ISO 9001:2015, ISO 14001:2015 and GOTS certified company.

Promoters of Mahickra Chemicals – Miteshkumar Champaklal Gandhi, Ashishkumar Champaklal Gandhi & Komal Mitesh Gandhi
Mahickra Chemicals IPO details
Subscription Dates 16 – 18 April 2018
IPO Price band INR24 – 25 per share
Fresh issue 2,100,000 shares (INR5.04 – 5.25 crore)
Offer for sale Nil
Total IPO size 2,100,000 shares (INR5.04 – 5.25 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Funding the working capital requirements – INR4.86 crore
  • General corporate purposes
Mahickra Chemicals’ financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 1,932.9 4,356.0 4,275.2 3,478.8 4,225.9
Total expenses 1,921.0 4,330.7 4,259.3 3,455.5 4,174.6
Profit after tax 9.3 17.4 8.6 15.2 35.3
Mahickra Chemicals’ Contact Details

Mahickra Chemicals Limited
Plot No. 1209
Phase-3 GIDC Vatva
Ahmedabad – 382445

Phone: +91 079 2589 0811
Email: [email protected]

Mahickra Chemicals IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.34
Day 2 1.87
Day 3 26.67
Mahickra Chemicals Valuation (Latest FY)

Earnings Per Share (EPS): INR1.07

Price/Earnings (P/E) ratio: 22.42 – 23.36

Return on Net Worth (RONW): 14.86%

Net Asset Value (NAV): INR7.19 per share

Registrar of Mahickra Chemicals IPO

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]

Mahickra Chemicals IPO Allotment Status

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

Listing performance of Mahickra Chemicals

IPO Opening Date: 16 April 2018

IPO Closing Date: 18 April 2018

Finalisation of Basis of Allotment: 23 April 2018

Initiation of refunds: 24 April 2018

Transfer of shares to demat accounts: 25 April 2018

Listing Date: 26 April 2018

Listing Price on NSE SME: INR35 per share (up 40% from IPO price)

Closing Price on NSE SME: INR36.75 per share (up 47% from IPO price)


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