Milton Industries Limited, a company established in 1985, is an Ahmedabad-based manufacturer and exporter specializing in Laminates, Artificial Leather cloth, and Glass Fibre Reinforced Epoxy (GFRE) Sheets. The company’s laminates find diverse applications on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens, among others. They offer a wide range of laminates suitable for various purposes. Additionally, Milton Industries produces PVC Coated Fabrics, which are in high demand by government agencies such as the Indian Railways and State Transport Corporations of different states. These fabrics are also exported to numerous countries.
Milton Industries operates two manufacturing units situated in Mehsana and Sabarkantha, both located in Gujarat. Their comprehensive development process encompasses design, development, testing, manufacturing, and timely delivery of their products. With a strong emphasis on quality and innovation, the company ensures that their laminates, artificial leather cloth, and GFRE Sheets meet the highest standards in the industry. By catering to both domestic and international markets, Milton Industries has established itself as a reliable and respected player in the industry, known for delivering durable and aesthetically pleasing products.
Milton Industries IPO Details
| IPO Date | Sep 29, 2017 to Oct 6, 2017 |
| Listing Date | Oct 16, 2017 |
| Face Value | ₹10 per share |
| Price | ₹34 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,200,000 shares (aggregating up to ₹14.28 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Milton Industries IPO Listing Details
| Listing Date | Oct 16, 2017 |
| BSE Script Code | |
| NSE Symbol | MILTON |
| ISIN | INE376Y01016 |
| Final Issue Price | ₹34 per share |
Industry Overview
The laminates produced by Milton Industries are versatile materials used in various applications, such as walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. These laminates provide durability and aesthetic appeal to the surfaces they are applied to. Additionally, the company produces PVC Coated Fabrics that are sold to government agencies like the Indian Railways and State Transport Corporations, as well as exported to different countries.
As for the industry’s Compound Annual Growth Rate (CAGR), it would require specific market research data to provide an accurate figure. The CAGR represents the average annual growth rate of an industry over a specific period of time. This rate can vary depending on several factors, including market demand, competition, economic conditions, and technological advancements. Without access to the latest market data, I’m unable to provide the industry’s specific CAGR. It’s advisable to consult industry reports, market analysis, or financial institutions for the most up-to-date and accurate information on the industry’s growth rate.
Objects of the Issue
The proceeds from the Public Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
Milton Industries IPO Prospectus
Company Contact Information
Milton Industries Limited
1/2, Chitra-Ami Appartment,
Opp. La Gajjar Chamber,
Ashram Road, Ahmedabad 380009
Phone: +91-79-26584193
Email: cs@miltonindustries.in
Website: http://www.miltonindustries.in
Milton Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Milton Industries IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
