Incorporated in 1994, Gujarat based Mahickra Chemicals Limited is engaged in the business of manufacturing and trading of Reactive Dyes. The company manufactures 40 various types of Reactive Dyes. The products of the company cater to textiles & garments manufacturers. It also offers specialty performance chemicals to the Textile Dyeing and printing industry.
Mahickra has a production capacity of approx. 900 tons per annum. The manufacturing facility of the company is situated at Vatva GIDC in Gujarat. The facility is spread over 2 storeyed 700 sq. meters in area. It is an ISO 9001:2015, ISO 14001:2015 and GOTS certified company. The company had 18 employees on its payroll as on 31st January 2018.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding the working capital requirements of the Company | ₹5 |
| 2 General Corporate Purpose | ₹0 |
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Total Assets | 2,562 | 1,818 | 1,782 |
| Revenue | 4,226 | 3,479 | 4,275 |
| PAT | 35 | 15 | 9 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 996,000 (47%) | — |
| Retail (RII) | — | 996,000 (47%) | — |
| Market Maker | — | 108,000 (5%) | — |
| Total | — | 2,100,000 (100%) | — |
* Amount calculated at upper price band (₹25) · ** Total includes all investor categories
- 1 Initiation of Refund 24 Apr 2018
- 2 Credit of Shares to Demat 25 Apr 2018
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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