IPO Issue Details
Issue Price / Price Band₹10 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size39,00,000 shares (aggregating up to ₹3.90 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 09 Mar 2015
Subscription CloseThu, 12 Mar 2015
Anchor AllotmentSun, 08 Mar 2015
Basis of AllotmentWed, 18 Mar 2015
Initiation of RefundsThu, 19 Mar 2015
Credit of Shares to DematThu, 19 Mar 2015
Listing DateFri, 27 Mar 2015
UPI Mandate Deadline2015-03-12
Application & Investment Details
Retail — Min (1 Lots)₹1,00,000 — 10,000 shares
Retail — Max (13 Lots)₹1,300,000 (13 Lots)
HNI — Min (3 Lots)₹3,00,000 — 30,000 shares
Net Offer to Public37,00,000 shares (aggregating up to ₹3.70 Cr)
Reserved for Market Maker2,00,000 shares (aggregating up to ₹0.2000 Cr)
Pre-IPO Promoter Holding65,29,400 shares
Post-IPO Promoter Holding1,04,29,400 shares
About Mahabir Metallex Ltd.
Incorporated in 2003, Mahabir Metallex Ltd is engaged in the business of trading and distribution of steel products like TMT Bars, Rolled Products, Billets, Colour Coated Sheets, Steel strips/ Cold Rolled Strips, Round AngleChannels& Bars, Ingots and Steel Pipes and Tubes.Company buy the material from various manufacturers and further sell and distribute the material to various consumers like real estate developers, capital goods manufacturers, scrap holding manufacturers etc on cash basis as well as on credit basis.Company's product offerings includes ready to use steel, primarily re-bars to be used in construction activities in various Sector like roads, power plants, housing, bridges, metros, monorails etc.
Objects of the Issue
Mahabir Metallex Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
3.45
Shareholding & Lock-in
Pre-IPO Promoter Holding
65,29,400 shares
Post-IPO Promoter Holding
1,04,29,400 shares