Mahip Industries Limited IPO – Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Mahip Industries Limited committed to offer high quality packaging materials to various industries, the company aim to constantly upgrade technology and their range with modernized equipments and advanced technology. Mahip Industries Limited IPO comprises of 51,96,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Mahip Industries Limited IPO release date, IPO offer price, subscription, Mahip Industries Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is NA . Check the Live Share Price here – Mahip Industries Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Mahip Industries Limited IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Mahip Industries Limited IPO
Mahip Industries Limited committed to offer high quality packaging materials to various industries, the company aim to constantly upgrade technology and their range with modernized equipments and advanced technology. With their existence in Gujarat, the company are extending reach to national and international clients to serve top companies worldwide. Having more than two decades of experience in the packaging industry, they have earned a respectable place among the top players in the industry by offering the best products and services to reputed industries. The Issue comprises of a Public Issue of 51,96,000 Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 3.35% and 8.33%, respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 14,026.41 Lakhs, Rs.10,741.06 Lakhs and Rs. 10,395.06 Lakhs, respectively representing growth of 3.35% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs. 618.69 Lakhs, Rs.182.47 Lakhs and Rs. 168.26 Lakhs, respectively, representing a growth of 8.33 % from the FY 2015-16 to FY 2016-17.
- During the financial year 2017-18 the Other Income of our company increased to Rs.50.85 Lakhs as against Rs. 41.52 Lakhs for the financial year 2016-17, representing increase by 21.95 % due to increase in interest income & insurance claim in FY 2017- 18.
- Company’s Net Profit after tax for the year 2018-17 is Rs. 414.13 Lakhs from the year 2017-16 of Rs.121.86 Lakhs showing an increase of 242.14% from last year, showing remarkable performance.
The Promoter of this company is Mr. Rajiv Govindram Agrawal & Rajiv Govindram Agrawal. The lead manager to the issue is Finshore Management Services Limited and the Registrar to this issue is Bigshare Services Private Limited .
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Mahip Industries Limited IPO Date
The opening and the closing date of Mahip Industries Limited IPO is Feb 26, 2019 – Mar 1, 2019.
Mahip Industries Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 : Feb 26 | – | 1.13x | 0.32x | 0.73x |
| Day 2 : Feb 27 | – | 1.20x | 0.39x | 0.79x |
| Day 3 : Feb 28 | – | 1.28x | 0.52x | 0.86x |
| Day 4 : March 1 | – | 1.53x | 1.54x | 1.54x |
| Shares Offered or Net Issue | – | 2,468,000 | 2,468,000 | 4,936,000 |
The shares subscribed by the public will be updated here.
Mahip Industries Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Mahip Industries Limited IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Mahip Industries Limited IPO Equity Share Offering
51,96,000 Equity Shares of face value of Rs10/- each fully paid up of the company for a cash at price of Rs 32/- per Equity Share aggregating of Rs 1662.72 Lakhs
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Mahip Industries Limited – Company Overview
Mahip Industries Limited committed to offer high quality packaging materials to various industries, the company aim to constantly upgrade technology and their range with modernized equipments and advanced technology. With their existence in Gujarat, the company are extending reach to national and international clients to serve top companies worldwide. Having more than two decades of experience in the packaging industry, they have earned a respectable place among the top players in the industry by offering the best products and services to reputed industries.
The Company have high level of knowledge about the needs of customers, resulting from continuous two -way communication between their representatives and customers. They have been engaged in the business by providing customized product as per the respective requirement of the customer. The wide variety of products enables them to cater their customer taste and preference. Also they have well established systems and procedures for staffing and the implementation of current and long term objectives so they will able to market their products more effectively
The Company is promoted by Mr. Rajiv Govindram Agrawal & Rajiv Govindram Agrawal and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Mahip Industries Limited:
- Experience of more than two decades in the industry
- Provide customized packaging solution as per client requirements
- Adopted the latest machinery and technology in production
- Guarantee global quality products at competitive rates with timely delivery schedules
- In- House logistic support ensuring timely delivery
Business strategies of Mahip Industries Limited:
- Expand Product Portfolio
- Enhance Capacity
- Improve Production And Operational Efficiency And Follow ‘Do More With Less Policy’
- Increase Client Base And Explore NEW Industries
Mahip Industries Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 6,638.06 | 5,338.20 | 5,357.69 | 5,053.27 | 4,225.99 |
| Total Revenue | 14,077.26 | 10,782.57 | 10,439.44 | 9,308.07 | 9,286.37 |
| Total Expense | 13,458.57 | 10,600.10 | 10,271.18 | 9,170.36 | 9,136.87 |
| Profit After Tax | 414.13 | 121.86 | 111.33 | 93.72 | 103.26 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 5.93 | 1.84 | 1.68 |
From the above statements, one could find that the Mahip Industries Limited may perform well.
Mahip Industries Limited IPO – Promoters
The Promoter of this company are:
- Mr. Rajiv Govindram Agrawal
- Rajiv Govindram Agrawal
List of Related Parties (Key Managerial Personnel)
- Mr. Lalitkumar Verma
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Mahip Industries Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 51,96,000 Equity Shares of face value of Rs10/- each fully paid up of the company for a cash at price of Rs32/- per Equity Share aggregating of Rs 1662.72 Lakhs |
| Of which: | |
| Reserved for Market Makers | 2,60,000 Equity Shares of face value of Rs10/- each fully paid up of the company for cash at price of Rs32/- per Equity Share aggregating of Rs 83.20 Lakhs. |
| Net Issue to the Public | 49,36,000 Equity Shares of face value of Rs10/- each fully paid up of the company for cash at price of Rs32/- per Equity Share aggregating of Rs 1579.52 Lakhs |
| Of which: | |
| Retail Investors Portion | 24,68,000/- Equity Shares of face value of Rs10/- each fully paid up of the company for cash at price of Rs32/- per Equity Share aggregating of Rs 789.76 Lakhs |
| Non-Retail Investors Portion | 24,68,000/- Equity Shares of face value of Rs10/- each fully paid up of the company for cash at price of Rs32/- per Equity Share aggregating of Rs 789.76 Lakhs |
| Equity Shares outstanding prior to the Issue | 1,40,43,984 Equity Shares of face value of Rs10/-each fully paid up |
| Equity Shares outstanding after the Issue | 1,92,39,984 Equity Shares of face value of Rs10/-each fully paid up |
Mahip Industries Limited IPO Issue Object
These are the IPO Issue Objects of the company-
- Funding the working capital requirements of the Company
- General corporate purposes.
- Issue Related Expenses
Mahip Industries Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Products
- Use of efficient internal processes to leverage their sales
- Wide Range of our Packing Products
- Experienced management & dedicated employee base
- Cordial Relationship with their customers & customer satisfaction
The relevant quantitative factors are:
| Basic & Diluted EPS(Pre Bonus) | Basic & Diluted EPS(Post Bonus) | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 5.93 | 5.96 | 7.65 | – |
| 31-Mar-17 | 11.06 | 1.84 | 7.73 | – |
| 31-Mar-18 | 10.10 | 1.68 | 18.44 | 31.98 |
Mahip Industries Limited IPO Lead Managers
| Lead Managers |
| Finshore Management Services Limited Anandlok, Block-A, 2nd Floor, Room No. 207, 227, A.J.C Bose Road, Kolkatta – 700 020, West Bengal, India Tel. No.: +91-33-22895101 Fax No.: +91-33-22895101 E-mail: ramakrishna@finshoregroup.com Investor Grievance E-mail: info@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar Website: www.finshoregroup.com SEBI Registration Number: INM000012185 |
Mahip Industries Limited IPO Registrar to offer
| Registrar to the Offer |
| Bigshare Services Private Limited (CIN: U99999MH1994PTC076534) SEBI Reg. No: INR000001385 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East,Mumbai-400059 Tel. No: +91-22-62638200; Fax No :+91-22-62638299; E-mail: ipo@bigshareonline.com; Website: www.bigshareonline.com; Contact Person: Babu Rapheal |
Other Details:
- Statutory Auditor – M/s. C. P. Shah & Co., Chartered Accountants.
- Peer Review Auditor – M/s. Asim Ravinder & Associates, Chartered Accountants
- Bankers to the Company – Punjab National Bank Limited
Mahip Industries Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Mahip Industries Limited IPO Grey Market Premium
The Mahip Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Mahip Industries Limited IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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