IPO Issue Details
Issue Price / Price Band₹30 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size38,04,000 shares (aggregating up to ₹11.41 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 15 Mar 2017
Subscription CloseMon, 20 Mar 2017
Anchor AllotmentTue, 14 Mar 2017
Basis of AllotmentSun, 26 Mar 2017
Initiation of RefundsMon, 27 Mar 2017
Credit of Shares to DematMon, 27 Mar 2017
Listing DateTue, 28 Mar 2017
UPI Mandate Deadline2017-03-20
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 4,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 8,000 shares
Net Offer to Public36,08,000 shares (aggregating up to ₹10.82 Cr)
Reserved for Market Maker1,96,000 shares (aggregating up to ₹0.5880 Cr)
Pre-IPO Promoter Holding88,79,350 shares
Post-IPO Promoter Holding1,26,83,350 shares
About Manomay Tex India Ltd
Incorporated in 2009, Manomay Tex India Ltd (MTIL) is primarily engaged into manufacturing and sale of denim fabrics in domestic and international markets under "Manomay" brand. The denim manufactured by the company ranges from 9 to 14 Oz/Sq Yd with different blends of cotton, polyester etc. with foam and wet finish.They are also focusing on suiting fabrics of different qualities as per the market demand. MTIL has recently ventured into international markets and at present their customer base is spread over different regions in India as well as in countries like Guatamela and Mexico.
Objects of the Issue
Manomay Tex India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Working capital requirement
8.50
2
General Corporate Purpose
2.16
Shareholding & Lock-in
Pre-IPO Promoter Holding
88,79,350 shares
Post-IPO Promoter Holding
1,26,83,350 shares