Business 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: +91Â 079 2589 0811
Email: [email protected]
Website: www.mahickra.com
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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
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:Â INR36.75 per share (up 47% from IPO price)
