Misquita Engineering Ltd is set to debut in the stock market with an issue size ₹1.93 Cr. In India, Misquita Engineering Limited is a producer and seller of front-loading washers. It believes in zero-defect products, zero waste, zero impact, and efficient and effective resource use. It is certified as a strategic supplier and provides machined components to CommScope USA. It intends to increase its construction capacity and develop new technologies in order to improve the process control level and automation system.
Misquita Engineering Ltd IPO Details
| IPO Date | Sep 23, 2019 to Sep 25, 2019 |
| Listing Date | Oct 4, 2019 |
| Face Value | ₹10 per share |
| Price | ₹27 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 716,000 shares(aggregating up to ₹1.93 Cr) |
| Fresh Issue | 444,000 shares(aggregating up to ₹1.20 Cr) |
| Offer for Sale | 272,000 shares of ₹10(aggregating up to ₹0.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Misquita IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Sep 23, 2019 |
| Closing Date | Sep 25, 2019 |
| Basis of Allotment | Sep 30, 2019 |
| Initiation of Refunds | Oct 1, 2019 |
| Credit of Shares to Demat | Oct 1, 2019 |
| Listing Date | Oct 4, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Overview
Misquita Engineering Private Limited is an Indian public limited corporation that manufactures front-loading washers. It is a key component supplier and employee to a washing machine manufacturer in the Indian market for Front Loading washers. The firm has constantly believed in delivering Zero Defect goods, and all production and operational processes in the company are geared up towards the purpose and vision of Zero Defect=Zero Effect, zero effect in terms of resource wasting and efficient and effective usage of all resources. It has been recognised as a Strategic Supplier for the supply of machined components to “Commscope USA” and is continually researching newer technologies to boost automation and process control levels.
Industry Overview
The engineering sector includes a wide range of tasks such as product design, development, testing, production, and maintenance. Aerospace and automotive engineering, as well as civil, electrical, and mechanical engineering, can all be included.
The engineering sector is vital to the global economy, employing millions of people and contributing greatly to technical innovation and progress.
The engineering sector, on the other hand, faces a number of issues, such as changing rules and standards, greater rivalry, and the need to adapt to new technologies and processes. Global economic and political factors, such as trade policy, geopolitical instability, and natural catastrophes, can have an impact on the business.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 799.91 | 739.56 | 529.55 |
| Total Revenue | 760.70 | 677.35 | 577.26 |
| Profit After Tax | 42.12 | 25.26 | 15.71 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- To fulfil the demand for working capital
- Prepayment/repayment of certain debt facilities made available by the firm (Loan for Shed expansion)
Strengths
- Experienced Management Team
- Growing Domestic Economy
- Quality Assurance and Standards
- Cordial relationships with our suppliers
- Fully integrated manufacturing facility
Weaknesses
- Limited market share or customer base
- Dependence on a few key customers or suppliers
- Lack of diversification in products or services offered
- Limited geographic reach or market penetration
- Weak brand recognition or reputation
Tutorials Point (India) Ltd Lead Manager(s)
- Gretex Corporate Services Pvt Ltd
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Misquita Engineering Ltd
182/1 Vaiginim Vaddo, Nachinol, Aldona,North Goa, Goa-403508, India
Phone: +91 83088 48233
Email: info@misquitaengg.com
Website: http://www.misquitaengg.com/
Company Registrar
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Phone: +91-22-6263 8200
Email: info@galacticocorp.com
Website: https://www.bigshareonline.com/
