Misquita Engineering Ltd IPO (Misquita IPO) Details

Misquita Engineering Ltd IPO (Misquita IPO) Details

Misquita IPO

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

 Day  Date  NII  RII  Total
 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

Draft 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]
Website: http://www.bigshareonline.com

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.

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