IPO Issue Details
Issue Price / Price Band₹90 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size38,46,400 shares (aggregating up to ₹30.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 25 Sep 2014
Subscription CloseTue, 30 Sep 2014
Anchor AllotmentWed, 24 Sep 2014
Basis of AllotmentMon, 06 Oct 2014
Initiation of RefundsTue, 07 Oct 2014
Credit of Shares to DematTue, 07 Oct 2014
Listing DateThu, 16 Oct 2014
UPI Mandate Deadline2014-09-30
Application & Investment Details
Retail — Min (1 Lots)₹1,24,800 — 1,600 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,49,600 — 3,200 shares
Net Offer to Public36,28,800 shares (aggregating up to ₹28.30 Cr)
Reserved for Market Maker1,93,600 shares (aggregating up to ₹1.74 Cr)
Pre-IPO Promoter Holding1,05,83,135 shares
Post-IPO Promoter Holding1,44,29,535 shares
About Momai Apparels Ltd.
Incorporated in 2010, Momai Apparels Limited is subsidiary of Ashapura Intimates Fashion Ltd; a leading loungewear company; which is listed at BSE SME.Momai Apparels is engaged in manufacturing of intimate garments. Company product line includes:Lounge Wear (Under brand name 'Valentine' and 'NLine')1. Loungewear for men, women, teenagers and toddlers2. Bridal night wear and honeymoon sets3. Bathrobes for men and women4. Kids wear and Kids inner wearNighties & Bath robes (Under brand names 'N&D Night & Day')1. Night wear2. Maternity feeding night wear Bridal (two pieces)3. Kids night wearSportswear (Under brand name 'Valentine Sports')1. Sportswear and gym wear / yoga wear for both men and womenCompany has a manufacturing facility at Bhiwandi, near Mumbai.
Objects of the Issue
Momai Apparels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Acquisition of Land ( for setting up New Manufacturing Facility)
7.00
2
2 Long term working capital requirement
24.00
3
3 Meet Issue Expenses
2.70
4
4 General Corporate Purposes
9.63
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,05,83,135 shares
Post-IPO Promoter Holding
1,44,29,535 shares