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
2,10,000 [0.21] 4,98,000 [0.50]7,08,000 [0.35]
6,84,000 [0.69] 32,46,000 [3.26] 39,30,000 [1.97]
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,
Gujarat 382445
Tel. No:- 079-25890811/25832692
Registrar of Mahickra Chemicals Limited IPO
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
Investor Grievance Id:
Contact Person: Babu Raphael
SEBI Registration Number: INR000001385
Lead Managers of Mahickra Chemicals Limited IPO
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
Investor Grievance Id:
Contact Person: Unmesh Zagade
SEBI Registration No:INM000012110
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Mahickra Chemicals Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

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