Mahip 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 LimitedÂ
A-902, Safal Solitaire
Nr. Divya Bhaskar, Makarba, S.G Road
Ahmedabad – 380 015
Phone: +91 79 – 4004 8788
Email: [email protected]
Website:Â 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 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
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)
