Misquita Engineering Ltd is a front load washer manufacturing company. It has launched its initial public offering (IPO). It is a fixed price issue. The company has planned to expand its business and evolve new technologies to improve the process control level and automation system. The IPO opens for subscription on 23rd Sep 2019. Scroll down to know the features of Misquita IPO.
Features of Misquita IPO
|Issue Open||Sep 23, 2019 – Sep 25, 2019|
|Issue Type||Fixed Price Issue IPO|
|IPO Size|| 716,000 Eq Shares of Rs 10
(aggregating up to Rs 1.93 Cr)
|Fresh Issue|| 444,000 Eq Shares of Rs 10
(aggregating up to Rs 1.20 Cr)
|Offer for Sale|| 272,000 Eq Shares of Rs 10
(aggregating up to Rs 0.73 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 27 Per Equity Share|
|Market Lot||4000 Shares|
|Min Order Quantity||4000 Shares|
|Listing At||BSE SME|
The issue offers a total of 7,16,000 equity shares aggregating up to Rs 1.93 crore. It has been fixed a price band at Rs 27 per equity share at a face value of Rs 10 per equity share. The IPO will close on 25th September 2019.
Misquitas IPO comprised a fresh issue and an offer for sale. It offers a fresh of 4,44,000 equity shares of Rs 10 aggregating up to Rs 1.20 crore. It offers 2,72,000 shares as an offer sale aggregating up to Rs 0.73 crore. The market lot of the issue fixed at 4000 shares and the minimum order quantity is 4000 shares. The IPO will propose to list on BSE SME.
Objects of the Issue
According to the reports, the net proceeds raised through the IPO will utilize towards meeting the working capital requirements and prepayment/repayment of loans.
- To meet working capital requirements
- Prepayment or repayment of certain debt facilities availed by the company
The IPO Promoter Holding
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||73.42%|
Subscription Status of Misquita IPO
|1||Sep 23, 2019 18:49||0.07x||0.11x||0.09x|
|2||Sep 24, 2019 18:49||1.20x||0.28x||0.74x|
|3||Sep 25, 2019 12:39||1.79x||0.28x||1.04x|
Misquita Engineering Ltd IPO Prospectus
Misquita IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Other details of IPO like, Subscription status, allotment details, listing price, when to list, how much profit can an investor make in this IPO will available after completing the bidding process.
Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.