Mahip Industries Ltd is set to debut in the stock market with an issue size ₹16.63 Cr. Mahip Industries Ltd is an Ahmedabad-based firm that produces packaging materials. Its product line includes Stagguard, Box, Corrugated Boxes, and Customized Boxes. It now has a capacity of 3500 tonnes per year and plans to raise it to 8352 tonnes in the near future. In Gujarat, it operates through a network of dealers/distributors/agents and sells directly to clients. It plans to expand into and grab new markets in other states.
Mahip Industries Ltd IPO Detail
| IPO Date | Feb 26, 2019 to Mar 1, 2019 |
| Listing Date | Mar 12, 2019 |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 5,196,000 shares(aggregating up to ₹16.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Mahip Industries IPO Reservation
| NII (HNI) Shares Offered | 2468000 |
| Retail Shares Offered | 2468000 |
| Market Maker portion | 260,000 shares |
| Total Shares Offered | 4,936,000 |
Company Overview
Mahip Industries Limited is a publicly traded company based in India that specializes in the manufacturing and distribution of industrial products. Established in 1990, the company has developed a strong reputation for producing high-quality products that are used in a range of industries, including automotive, construction, and energy.
Mahip Industries Limited has a diverse product portfolio that includes steel pipes, scaffolding systems, and solar panels. The company operates several manufacturing facilities across India and has a well-established distribution network that enables it to reach customers both domestically and internationally.
With a commitment to innovation and sustainability, Mahip Industries Limited has invested in research and development to create new products and technologies that meet the evolving needs of its customers. The company is also focused on reducing its environmental impact and promoting social responsibility.
Industry Overview
Mahip Industries Limited is a company that operates in the manufacturing industry, with a focus on the production of automotive components and sheet metal products. Based in India, the company has a diverse customer base, including domestic and international clients.
Mahip Industries Limited’s product portfolio includes a range of high-quality automotive components such as sheet metal parts, suspension components, and chassis components, among others. The company also manufactures sheet metal products for various industries, including electrical, construction, and furniture.
With a commitment to quality, innovation, and customer satisfaction, Mahip Industries Limited has established a strong reputation in the industry. The company has invested heavily in technology and infrastructure to ensure that it can continue to deliver cutting-edge products that meet the evolving needs of its clients.
Company Financials
| Particulars | For the year/period ended (in Rs. 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 |
| Profit After Tax | 414.13 | 121.86 | 111.33 | 93.72 | 103.26 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- Meeting the working capital needs
- General corporate objectives
Strengths
- Nearly two decades of industry experience
- a diverse product portfolio
- Internal logistical assistance
Weaknesses
- Dependency on the Automotive Industry
- Fluctuating Raw Material Costs
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Company Contact Information
Mahip Industries Limited
Survey No. 127, Jalalpur – Godhneshwar, Dholka – Bagodara Highway,
Ahmedabad – 387 810
Phone: +91 – 79 – 4004 8788
Email: cs@careccl.com
Website: http://www.mahipindustriesltd.in/
Company Registrar
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