IPO Issue Details
Issue Price / Price Band₹95 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size10,00,800 shares (aggregating up to ₹9.51 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 26 Aug 2016
Subscription CloseWed, 31 Aug 2016
Anchor AllotmentThu, 25 Aug 2016
Basis of AllotmentTue, 06 Sep 2016
Initiation of RefundsWed, 07 Sep 2016
Credit of Shares to DematWed, 07 Sep 2016
Listing DateFri, 09 Sep 2016
UPI Mandate Deadline2016-08-31
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 1,200 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 2,400 shares
Net Offer to Public9,48,000 shares (aggregating up to ₹9.01 Cr)
Reserved for Market Maker52,800 shares (aggregating up to ₹0.5016 Cr)
Pre-IPO Promoter Holding35,25,000 shares
Post-IPO Promoter Holding35,25,000 shares
About Mitsu Chem Plast Ltd.
Mitsu Chem Plast Ltd (MCPL) is an ISO 9001:2008 and ISO TS/16494 (Unit - III) certified polymer based molded products manufacturing company, engaged in the business of manufacturing and marketing of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure related products &Emergency Handling Solutions. MCPL's products are manufactured under brand 'Mitsu' and the same are sold to various intermediary companies who, after minor value additions and / or modifications supply to various Automobile companies.
Objects of the Issue
(Standard — DRHP pending)
Mitsu Chem Plast 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
35,25,000 shares
Post-IPO Promoter Holding
35,25,000 shares