Mahip Industries IPO

Mahip Industries IPOMahip Industries IPO description - Mahip Industries was originally incorporated as Care Beverages (India) Limited at Ahmedabad on 14 November 1995, under the provisions of the Companies Act, 1956. The company is committed to offer high quality packaging materials to various industries and aims to constantly upgrade technology and its range with modernized equipments and advanced technology. Mahip Industries has a varied product base to cater to the requirements of customers. Its product portfolio includes diversified variety of which are customized corrugated box packing, printing on corrugated box which are used in various industries. Its products include Stagguard, Box, Corrugated Boxes, Corrugated Boxes with Partition, Corrugated Boxes With Lid, Printed Corrugated Boxes, Customized Corrugated Boxes, Laminated Corrugated Boxes, Bituminized corrugated boxes, Corrugated Cartons/Printed, Corrugated Cartons, Heavy duty Corrugated Boxes, Multicolor Printed Cartons, Corrugated Sheets, Corrugated Paper Rolls, Auto Slot Boxes & Die Cut Boxes etc.

The company has installed capacity of 3500 tons per annum and looking into the past growth considering the future demand potential, it intends to increase existing capacity to 4500 tons per annum by financial year 2018-19 and 2019-20.

Mahip Industries promoters – Mr Rajiv Govindram Agrawal and Rajeev Govindram Agarwal HUF
Mahip Industries - Upcoming IPO details
Subscription Dates 26 February - 1 March 2019
IPO Price band INR32 per share
Fresh issue 5,196,000 shares (INR16.63 crore)
Offer for sale Nil
Total IPO size 5,196,000 shares (INR16.63 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirements - INR15.57 crore
  • General Corporate Purposes - INR4.00 crore
  • Issue Expenses - INR01.85 crore
Mahip Industries' consolidated financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018 5M FY2019
Total revenue 92.86 93.09 104.40 107..83 140.78 64.71
Total expenses 91.37 91.71 102.72 106.01 134.59 61.20
Profit after tax 1.03 0.94 1.12 1.22 4.29 2.54
Mahip Industries Contact Details

Mahip Industries Limited 
A-902, Safal Solitaire
Nr. Divya Bhaskar, Makarba, S.G Road
Ahmedabad – 380 015

Phone: +91 79 - 4004 8788
Email: [email protected]
Website: www.mahipindustriesltd.in

Mahip Industries IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.69
Day 2 0.75
Day 3 0.84
Day 4 1.46
Mahip Industries Valuation (For FY2018)

Earnings Per Share (EPS): INR3.15

Price/Earnings (P/E) ratio: 10.14

Return on Net Worth (RONW): 18.97%

Net Asset Value (NAV): INR16.10 per share

Registrar of Mahip Industries IPO

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

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Mahip Industries IPO Allotment Status

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

Listing performance of Mahip Industries

IPO Opening Date: 26 February 2019

IPO Closing Date: 1 March 2019

Listing Date: 12 March 2019

Listing Price on BSE SME: INR32 per share (no change from IPO price)

Closing Price on BSE SME: INR33.6 per share (up 5% from IPO price)

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