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22 May 2019

IPO Synopsis

Mahip Industries Ltd
Registered Office: Survey No. 127 Jalalpur-Godhn.,Dholka - Bagodara Highway , Ahmedabad - 387810 , Gujarat , India.
Phone : 91-079-40048788   Fax:
Email :  
Website :
Initial public issue of 51,96,000 equity shares of face value of (Rs)10/- each of Mahip Industries Limited ("MIL" or The "Company" or The "Issuer") for cash at a price of (Rs)32/- per equity share including a share premium of (Rs)22/- per equity share (The "Issue Price") aggregating to (Rs)16.63 crores ("The Issue"), of which 2,60,000 Equity shares of face value of (Rs)10/- each for cash at a price of (Rs)32/- per equity share including a share Premium of (Rs)22/- per equity share aggregating to (Rs)0.83 crores will be reserved for subscription by Market maker to the issue (The "market maker reservation portion"). The issue less the market maker Reservation portion i.e. Net issue of 49,36,000 equity shares of face value of (Rs)10/- each at a price of (Rs)32/- per Equity share aggregating to (Rs)15.80 crores is herein after referred to as the "net issue". The issue and The net issue will constitute 27.01% and 25.65%, respectively of the post issue paid up equity share capital of the company The Face value of the equity shares is (Rs)10 each and the issue price is (Rs)32/- per share i.e. 3.2 time of the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Feb-19 01-Mar-19 (Rs)32.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 16.63
Finshore Management Services Ltd
Project Financed through Current Offer 16.63  
Post Issue Equity Share Capital 19.24  
Issue Price (Rs)32.00  
Funding the working capital requirements of the companyGeneral corporate purposes
Promoted By
Rajiv Govindram Agrawal  
Rajiv Govindram Agrawal HUF  
Listing At
Registrar to the Issue
Bigshare Services Pvt Ltd 
Toll Free number: 1800-425-5501 / 1800-103-5501