IPO Issue Details
Issue Price / Price Band₹34 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size42,00,000 shares (aggregating up to ₹14.28 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 29 Sep 2017
Subscription CloseFri, 06 Oct 2017
Anchor AllotmentThu, 28 Sep 2017
Basis of AllotmentThu, 12 Oct 2017
Initiation of RefundsFri, 13 Oct 2017
Credit of Shares to DematFri, 13 Oct 2017
Listing DateMon, 16 Oct 2017
UPI Mandate Deadline2017-10-06
Application & Investment Details
Retail — Min (1 Lots)₹1,36,000 — 4,000 shares
Retail — Max (13 Lots)₹1,768,000 (13 Lots)
HNI — Min (2 Lots)₹2,72,000 — 8,000 shares
Net Offer to Public39,84,000 shares (aggregating up to ₹13.55 Cr)
Reserved for Market Maker2,16,000 shares (aggregating up to ₹0.7344 Cr)
Pre-IPO Promoter Holding1,12,50,000
Post-IPO Promoter Holding1,54,50,000
About Milton Industries
Incorporated in 1985, Milton Industries Limited is Ahmedabad Gujrat based manufacturer and exporter of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets.The laminates produced by the company are used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc.PVC Coated Fabrics produced by the company are sold to Government Agencies, such as Indian Railways, State Transport Corporation of Different States and also exported to different countries.Milton Industries has two manufacturing units in Mehsana and Sabarkantha, both located in Gujrat. The development process includes design, development, testing, manufacturing and delivery of the products.Strengths of Milton Industries:1. Cost efficient manufacturing and supply chain management2. The location of manufacturing facilities gives a significant competitive cost advantage in terms of raw material sourcing, manufacturing and labour costs.3. Our Promoter has around 32 years of experience in the industry.4. Presence in many countries5. Extensive distribution network
Objects of the Issue
Milton Industries proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
13.00
2
General Corporate Expenses
0.91
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,12,50,000
Post-IPO Promoter Holding
1,54,50,000