IPO Issue Details
Issue Price / Price Band₹24 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size57,90,000 shares (aggregating up to ₹13.90 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 29 Aug 2016
Subscription CloseFri, 02 Sep 2016
Anchor AllotmentSun, 28 Aug 2016
Basis of AllotmentThu, 08 Sep 2016
Initiation of RefundsFri, 09 Sep 2016
Credit of Shares to DematFri, 09 Sep 2016
Listing DateFri, 09 Sep 2016
UPI Mandate Deadline2016-09-02
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 6,000 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 12,000 shares
Net Offer to Public54,96,000 shares (aggregating up to ₹13.19 Cr)
Reserved for Market Maker2,94,000 shares (aggregating up to ₹0.7056 Cr)
Pre-IPO Promoter Holding2,19,06,735 shares
Post-IPO Promoter Holding2,19,06,735 shares
About Madhya Bharat Agro Products Ltd.
Incorporated in 1997, Madhya Bharat Agro Products Ltd (MBAPL) is engaged in manufacturing Beneficiated Rock Phosphate (BRP), Single Super Phosphate (SSP) and Sulphuric Acid which is used in large quantities for replenishing "P" (Phosphorus) in the soil and act as a fertilizer for the crop. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal. They are also engaged in the business of Purchase and Sale (Trading) of Textiles and agricultural commodities.MBAPL is one of the major private-sector fertilizer manufacturers. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum. MBAPL is dealing in the manufacturing of BRP with an installed production capacity of 99000 TPA (Licensed capacity -99000 TPA), SSP with an installed capacity of 180000 TPY (Licensed capacity 240000 TPY) and Sulphuric Acid with an installed capacity of 36000 TPY (having licensed capacity is 99000 TPY). Further, the New Project GSSP (having a licensed capacity is 180000 TPY) is underway making it a completely integrated state-of-the-art manufacturing facility.
Objects of the Issue
(Standard — DRHP pending)
Madhya Bharat Agro Products Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,19,06,735 shares
Post-IPO Promoter Holding
2,19,06,735 shares