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Milltec Machinery Limited IPO

Milltec Machinery Limited

Issue Open

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Price Band

Issue Size

Credit of Shares to Demat

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Issue Close

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Bid Lot

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

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Issue Type

Book Built Issue IPO

Minimum Order Quantity

Allotment Details

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Face Value

Rs 10 Per Equity Share

Listing On

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Refunds

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About the company:

Milltec Machinery Limited was established as ‘Milltec Machinery Private Limited’ on 28th of August 1998, as a private limited company under the Companies Act, 1956  at Bengaluru, Karnataka, India. It is a diversified agro-processing equipment manufacturer with sales and distribution spread across India and abroad.

Date of Establishment: Milltec Machinery Limited was established as a private limited company in the name of 'Milltec Machinery Private Limited'  on 28th of August 1998 under the Companies Act 1956 at Bengaluru, Karnataka, India. The company was reformed to the public limited company as 'Milltec Machinery Limited' on 21st of March 2018 under Companies Act 1956 by Registrar of Companies, Karnataka at Bengaluru by fresh incorporation certificate.

Promoters of Milltec Machinery Limited: Rajendran Joghee, Ravindranath Ramaiah, Manjula Rajendran and Uma Rachappa are the promoters of Milltec Machinery Limited.

Products and Services Offering: Milltec Machinery Limited manufactures the agro-processing equipment which facilitates the processing of maize, seeds, wheat and rice among others. Which includes equipment for parboiling and drying, pre-cleaning, destoning, de-husking, thickness grading, polishing, length grading, sorting, and packaging of grains. It also provides turnkey solutions for rice processing activities and solutions to facilitate ancillary grain processing activities.

Customer segment: Milltec Machinery Limited customer segment is diversified across India as well as across the globe mainly in Africa, Germany, Indonesia, the United Kingdom among others.

Objects of Milltec Machinery IPO: The Objects of Milltec Machinery IPO are:

- Offer for sale by existing shareholders.

- achieve the benefits of listing the Equity Shares on the Stock Exchanges.

- Funding expenditure for General Corporate Purposes.

Company Financials:

Particulars

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

 

31-Mar-2018

31-Mar-2017

31-Mar-2016

Total Assets

1,987.28

1,648.87

1,345.57

Total Revenue

2,682.05

2,222.82

1,789.53

Profit After Tax

304.65

205.5

134.14

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