Mahickra Chemicals Limited IPO

Add to Calendar 2018-04-16 12:00 AM 2018-04-18 12:00 AM Asia/Kolkata Mahickra Chemicals Limited IPO Mahickra Chemicals Limited India

Mahickra Chemicals Limited is a Gujarat based company involved in manufacturing and trading of reactive dyes. It also offers specialty performance chemicals to the Textile Dyeing and printing industry. The company has a production capacity of approx. 900 tons per annum. There are 18+ employees on the payroll of the company

Date of establishment: The company was formed in 1994 in Gujarat.

Product & Service Offering: The company manufactures more than 40 reactive dyes.  

Promoters of Mahickra Chemicals limited: Miteshkumar Champaklal Gandhi, Ashishkumar Champaklal Gandhi and Komal Mitesh Gandhi are the promoters of Mahickra Chemicals Limited

Customer segment: The company offers its products to textiles, garments textile dyeing and printing industry.

Objects of the Issue: The object of the Issue are:

1. maintaining the working capital;
2. General Corporate Purposes

Company Financials



For the year/period ended (in Rs. Lacs)








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Issue Detail

  • Issue Open: Apr 16, 2018
  • Issue Close: Apr 18, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 24 - Rs 25 Per Equity Share
  • Bid Lot:6000 Shares
  • Minimum Order Quantity:6000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 5.25 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 996,000 996,000 - 108,000 2,100,000
Day 1 - Apr 16, 2018IST 0 210,000 498,000 - - 708,000
Day 2 - Apr 17, 2018IST 0 684,000 3,246,000 - - 3,930,000
Day 3 - Apr 18, 2018IST 48,000 22,326,000 9,840,000 - - 55,476,000

Listing Day Trading Information

Issue Price - Rs 25.00
Open - Rs 35.00
Low - Rs 35.00
High - Rs 36.75
Last Trade - Rs 36.75
Volume - 924,000

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