Misquita Engineering Ltd Ipo Details

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Details of Misquita IPO

Misquita Engineering Ltd is a front burden washer fabricating organization. It has propelled its first sale of stock (IPO). It is a fixed value issue. The organization has wanted to extend its business and advance new advances to improve the procedure control level and mechanization framework. The IPO opens for membership on 23rd Sep 2019. Look down to know the highlights of Misquita IPO.

Features of Misquita IPO

Issue Open: Sep 23, 2019 – Sep 25, 2019
Issue Type: Fixed Price Issue IPO
Initial public offering Size: 716,000 Eq Shares of Rs 10
(amassing up to Rs 1.93 Cr)
New Issue: 444,000 Eq Shares of Rs 10
(amassing up to Rs 1.20 Cr)
Offer for Sale: 272,000 Eq Shares of Rs 10
(amassing up to Rs 0.73 Cr)
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 27 Per Equity Share
Market Lot: 4000 Shares
Min Order Quantity: 4000 Shares
Posting At: BSE SME

The issue offers a sum of 7,16,000 value shares accumulating up to Rs 1.93 crore. It has been fixed a value band at Rs 27 for each value ...
... share at an assumed worth of Rs 10 for every value share. The IPO will close on 25th September 2019.

Misquitas IPO included a new issue and a proposal available to be purchased. It offers a new of 4,44,000 value portions of Rs 10 conglomerating up to Rs 1.20 crore. It offers 2,72,000 offers as an offer deal accumulating up to Rs 0.73 crore. The market parcel of the issue fixed at 4000 offers and the base request amount is 4000 offers. The Misquitas issue will propose to list on BSE SME.

Objects of the Issue:
As indicated by the reports, the net continues raised through the IPO will use towards meeting the working capital prerequisites and prepayment/reimbursement of credits.

1.To meet working capital prerequisites
2.Prepayment or reimbursement of certain obligation offices profited by the organization

The IPO Promoter Holding
Pre-Issue Share Holding: 100%
Post Issue Share Holding: 73.42%

Misquita Engineering Ltd IPO Prospectus:
Draft Prospectus

Misquita IPO Registrar

Bigshare Services Pvt Ltd
first Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059

Telephone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Site: http://www.bigshareonline.com

Different subtleties of IPO like, Subscription status, apportioning subtleties, posting cost, when to list, how much benefit can a financial specialist make in this IPO will accessible in the wake of finishing the offering procedure.

Disclaimer: This post is only data about the IPO. It doesn't offer any guidance or proposal. If you don't mind read the offer record cautiously and counsel your consultant before contributing.
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