IPO Issue Details
Issue Price / Price Band₹22 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size10,62,000 shares (aggregating up to ₹2.34 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 30 Sep 2016
Subscription CloseThu, 06 Oct 2016
Anchor AllotmentThu, 29 Sep 2016
Basis of AllotmentWed, 12 Oct 2016
Initiation of RefundsThu, 13 Oct 2016
Credit of Shares to DematThu, 13 Oct 2016
Listing DateMon, 17 Oct 2016
UPI Mandate Deadline2016-10-06
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 6,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 12,000 shares
Net Offer to Public10,02,000 shares (aggregating up to ₹2.20 Cr)
Reserved for Market Maker60,000 shares (aggregating up to ₹0.1320 Cr)
Pre-IPO Promoter Holding28,41,600 shares
Post-IPO Promoter Holding39,03,600 shares
About Mewar Hi-Tech Engineering Ltd.
Incorporated in 2006, Mewar Hi-Tech Engineering Ltd is an ISO 9001:2008 certified company engaged in the manufacturing of heavy machines like crushers, mixers and industrial material handling equipments. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Company's products are sold under the brand name "Kingson".Based in Udaipur, Rajasthan company manufacture pre-engineering building sheds, cranes, sand machines, concrete mixture machines, batch mixing plants, RMC (ready-mix concrete) plants, industrial products for crushing plants, Double Toggle Grease/Oil Crusher, Single Toggle Grease Jaw Crusher, Vibrating Screen, Horizontal Shaft Impactor, Vertical Shaft Impactor and Cone Crusher and other crushing, screening and customized size reduction equipments.
Objects of the Issue
Mewar Hi-Tech Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 General Corporate Purpose
1.59
2
2 Working Capital Requirements
0.35
Shareholding & Lock-in
Pre-IPO Promoter Holding
28,41,600 shares
Post-IPO Promoter Holding
39,03,600 shares