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Mahickra Chemicals Ltd
Registered Office:
Plot No 1209 Phase-3,GIDC Vatva,
Ahmedabad - 382445,
Gujarat, India.
Website :  www.mahickra.com
Initial public offer consisiting of fresh issue of upto 21,00,000 equity shares of face value of 10/- each fully paid ("equity shares") of Mahickra Chemicals Limited ("The Compay" or "The Issuer") for cash at a price of (Rs) [*] per equity share (including a share premium of (Rs) [*] per equity share) (the "issue price") aggregating up to (Rs) [*] crores (the "issue") of which upto 1,08,000 equity shares of face value (Rs) 10/- each for cash at a price of (Rs) [*] per equity share, aggregating (Rs) [*] will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 19,92,000 equity shares of face value of (Rs) 10/- each for cash at a price of (Rs) [*] per equity share, aggregating (Rs) [*] is hereinafter refered to as the "net issue". The issue and the net issue will constitute [*]% and [*]%, respectively of the post issue paid up equity share capital of the company. Price Band: (Rs) 24/- to (Rs) 25/- per equity share of face value of (Rs) 10 each. The Floor price is 2.4 times the face value and the cap price is 2.5 times the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
16-Apr-18
18-Apr-18
25.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 6000   Further Multiples of : 6000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
5.25
Pantomath capital Advisors Pvt Ltd
Project Financed through Current Offer
5.25
 
Post Issue Equity Share Capital
7.23
 
Issue Price
25.00
 
Projects
Funding the working capital requirements of the company
General corporate purpose
Promoted By
Miteshkumar Champaklal Gandhi
Ashishkumar Champaklal Gandhi
Komal Mitesh Gandhi
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd
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