Mahip Industries IPO – Upcoming IPO Issue in February 2019

Mahip Industries IPO: Mahip Industries Limited, an Ahmedabad based company with the primary business of manufacturing of packaging materials, is issuing the IPO (Initial Public Offering) from February 26th, 2019 to March 1st,  2019. This company is an ISO certified company which has more than 20 years of experience in providing customized packaging solutions to the clients. Its product portfolio comprises various types of packaging materials and boxes like Corrugated boxes, Corrugated sheets etc.

Mahip Industries IPO - Upcoming IPO Issues in India

Mahip Industries IPO – Issue Details

Issue Type Fixed Price IPO Issue
Issue Open February 26, 2019
Issue Closes March 01, 2019
Face Value Rs 10 per Equity Share
Issue Price Rs 32 per Equity Share
Issue Size 5,196,000 equity shares of Rs 16.36 Crores
Minimum Order 4,000 Shares
Listing BSE SME

(Read: IPO process in India Steps)

Mahip Industries IPO – Objects of the Issue

According to the company, the following are the objects of this IPO issue:-

  1. To fund the working capital requirements of the company, 
  2. To meet the general corporate purpose, and
  3. To meet the issue related expenses.

Mahip Industries Limited – Company Details

Mahip Industries Limited was incorporated in the year 1995 in Ahmedabad. This company has the primary business of manufacturing of packaging materials. The company has ISO 9001 and ISO 22000 certification. 

Following are the key strengths of the company:-

  1. More than 20+ years of experience in the industry
  2. Provides customized packaging solutions to clients on the requirement
  3. Adopting the latest technologies and machinery
  4. Guaranteed global quality and timely delivery
  5. In-house logistic support

The company has the following products in its portfolio:-

  • Stagguard
  • Box
  • Corrugated boxes
  • Corrugated boxes with partition
  • Corrugated boxes with Lid
  • printed corrugated boxes
  • Laminated corrugated boxes
  • Corrugated Cartons
  • Corrugated sheets
  • Corrugated paper rolls
  • Many other

The company has a workforce of 50 employees. As on 31-March-2018, the total assets of the company stands at Rs 6,638 crores and the total revenue stands at Rs 14,077.26 crores.

Promoters: Mr Govindram Agrawal, and Mr Rajiv Govindram Agarwal HUF

Registered Address: Survey No. 127, Jalalpur – Godhneshwar, Dholka – Bagodra Highway, Ahmedabad, Gujarat – 387 810.

Website: www.mahipindustriesltd.in

Mahip Industries IPO – Lead Manager to the IPO Issue

The lead manager of the Mahip Industries IPO issue is Finshore Management Services Limited.

Mahip Industries IPO – Registrar to the IPO Issue

The registrar to the Mahip Industries IPO issue is Bigshare Services Private Limited.

Click here to read the draft prospectus of Mahip Industries IPO.

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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

Tags: #IPO #Stock Market #Mahip Industries IPO #investments #Upcoming IPO Issue

 

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