Business Standard

Mahickra Chemicals Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

5.25 cr

Price Range (₹)

25

Lot Size

6000

Min Investment (₹)

1,50,000.00

Listing Exchange

NSE - SME

Open Date

16-Apr-2018

Close Date

18-Apr-2018

Listing Date

26-Apr-2018

Mahickra Chemicals Ltd News

    The Shares of Mahickra Chemicals Ltd have now been listed.

    Mahickra Chemicals Ltd IPO Details

    Initial public offer consisiting of fresh issue of upto 21,00,000 equity shares of face value of 10/- each fully paid (equity shares) of Mahickra Chemicals Limited (The Compay or The Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (the issue price) aggregating up to Rs. [*] crores (the issue) of which upto 1,08,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. [*] per equity share, aggregating Rs. [*] will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 19,92,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*] per equity share, aggregating Rs. [*] is hereinafter refered to as the net issue. The issue and the net issue will constitute [*]% and [*]%, respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 24/- to Rs. 25/- per equity share of face value of Rs. 10 each.The Floor price is 2.4 times the face value and the cap price is 2.5 times the face value.

    Objective of issue

    Funding the working capital requirements of the company. General corporate purpose.

    Mahickra Chemicals Ltd Contact Details

    Mahickra Chemicals Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@mahickra.com

    Website - www.mahickra.com