Mahickra Chemicals Limited IPO Details

Mahickra Chemicals Limited was Established in 1994, Mahickra Chemicals Limited is engaged in 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 specialises in Black Reactive Dyes. The company manufactures 40 various types of Reactive Dyes.

The product of the company caters to textiles & garments manufacturers. The company also offer specialty performance chemicals to the Textile Dyeing and printing industry. The company 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 certifying the quality of the product our company manufactures.

Mahickra Chemicals Limited IPO Details
Issue Open	16-04-2018
Issue Close	18-04-2018
Allotment Date	24-04-2018
Unblocked Amount	25-04-2018
Listing Date	26-04-2018
Issue Share	17,32,000 Total Equity Share 88,000 Reserved by Market Maker 16,44,000 Equity Share
Issue Size	₹ 10.39 Cr
IPO Price Band	₹ 24 - ₹ 25
Minimum Share Bid	6000
Minimum Investment Amount [Rs]	₹ 1,50,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	NSE SME
Premium [Per Share]	NA
Average Earning Per Share	NA
Expected Listing Gain	₹ 21000

Mahickra Chemicals Limited IPO Financial details [in ₹ Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	19.23	19.21	0.09
FY-2014	43.56	43.31	0.17
FY-2015	42.75	42.59	0.08
FY-2016	34.79	34.55	0.15
FY-2017	42.26	41.75	0.35
Nov-FY-2017	40.90	40.33	0.36

Mahickra Chemicals Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	9,96,000	9,96,000	19,92,000
Day-1 [16-04-2018]	2,10,000 [0.21]	4,98,000 [0.50]	7,08,000 [0.35]
Day-2 [17-04-2018]	6,84,000 [0.69]	32,46,000 [3.26]	39,30,000 [1.97]
Day-3 [18-04-2018]	2,23,26,000 [22.42]	3,36,36,000 [33.77]	5,60,10,000 [28.12]

Mahickra Chemicals Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 0.49
Price/Earnings [P/E] Ratio	51.28
Return on Net Worth [RoNW]	14.86 %
Net Asset Value [NAV]	₹ 13.27 Per Share

Mahickra Chemicals Limited IPO Contact Details
Mahickra Chemicals Limited Plot No. 1209, Phase-3 GIDC Vatva, Ahmedabad Gujarat 382445 India Tel. No:- 079-25890811/25832692 Email:- info@mahickra.com Website:- www.mahickra.com

Registrar of Mahickra Chemicals Limited IPO
BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai 400059, Maharashtra, India Tel: +91 22 62638200 Fax: +91 22 62638299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Id: ipo@bigshareonline.com Contact Person: Babu Raphael SEBI Registration Number: INR000001385

Lead Managers of Mahickra Chemicals Limited IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshva Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Unmesh Zagade SEBI Registration No:INM000012110

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Mahickra Chemicals Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral