Business description – Mohini Health & Hygiene Limited is engaged in manufacturing and export of absorbent cotton and medical consumable products. Formerly known as Mohini Fibers Limited, the company was engaged in the business of dealing and processing of waste cotton, yarn and textile fabric and has now diversified into the health & hygiene sector with advent of manufacturing of medical consumable products.
The company’s manufacturing facility – situated at Pithampur, Madhya Pradesh –is well equipped with required facilities including machinery, Effluent Treatment Plant, boiler and handling equipments to facilitate smooth manufacturing process. It has an in house testing laboratory which ensures that its products are certified and any major defects in the products are identified on real time basis and rectified before the final dispatch.
Promoters of Mohini Health – Mr Sarvapriya Bansal and Mr Avnish Bansal
| Mohini Health IPO details | |
| Subscription Dates | 5 – 7 February 2018 |
| IPO Price band | INR40 – 42 per share |
| Fresh issue | 6,384,000 shares (INR25.54 – 26.81 crore) |
| Offer for sale | Nil |
| Total IPO size | 6,384,000 shares (INR25.54 – 26.81 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Repayment/prepayment of unsecured borrowings – INR8 crore
- Funding the working capital requirements – INR11.2 crore
- General corporate purposes
| Mohini Health’s financial performance (in INR crore) | ||||||
| Â | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 |
| Total revenue | 41.5 | 48.7 | 91.0 | 123.1 | 137.7 | 85.2 |
| Total expenses | 40.2 | 47.6 | 88.5 | 118.9 | 133.9 | 80.3 |
| Profit after tax | 0.6 | 0.7 | 1.9 | 3.8 | 3.4 | 3.6 |
Mohini Health’s Contact Details
Mohini Health & Hygiene Limited
Plot No 109, Sector 3 Industrial Area
Pithampur
Dhar 454774, Madhya Pradesh
Phone: +91 07292426666
Email: [email protected]
Website: www.mohinihealthandhygenie.com
Mohini Health IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.31 |
| Day 2 | 0.76 |
| Day 3 | 21.10 |
Mohini Health Valuation (Latest FY)
Earnings Per Share (EPS): INR2.91
Price/Earnings (P/E) ratio: 13.74 – 14.43
Return on Net Worth (RONW): 13.83%
Net Asset Value (NAV): INR82.8 per share
Registrar of Mohini Health IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Mohini Health IPO Allotment Status
Mohini Health IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Mohini Health & Hygiene
IPO Opening Date: 5 February 2018
IPO Closing Date: 7 February 2018
Finalisation of Basis of Allotment: 12 February 2018
Initiation of refunds: 14 February 2018
Transfer of shares to demat accounts: 15 February 2018
Listing Date: 16 February 2018
Listing Price on NSE SME: INR50.4 per share (up 20% from IPO price)
Closing Price on NSE SME: INR50.4 per share (up 20% from IPO price)
Finally a company which does not cook its books. P/E ratio is also reasonable. Worth applying. What say expert boarders??
They have already raised sizable amount from private investors
It will be line one point one solutions!!!
New Delhi, Jan 24 (PTI) SMEs initial share-sales are catching up the eyes of value investors as Param Capital chairman Mukul Agarwal has picked up 6.87 per cent stake in the pre-IPO placement of Mohini Health & Hygiene Ltd, the merchant banker said today.
Some of the recent marque investments in small and medium enterprises (SMEs) include investment by Madhusudhan Kela in IRIS Business, Porinju in RM Drip, Sunil Singhania in ANI Integrated, Ramesh Damani in Vadivare Speciality, Jaspal Bindra in One Point One Solutions to name a few.
Prospectus says Mukul Agarwal has 12,54,000 shares, 9.4% in the company.
Anyways, good for the company 🙂
Fundamentals are strong and price is reasonable. That’s all that matters. Everything in between is just timepass! It will incraese your money, INVEST!