Milton Industries IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,992,000 (47%) | — | ₹677 Cr |
| Retail | — | 1,992,000 (47%) | — | ₹677 Cr |
| Market Maker | — | 216,000 (5%) | — | ₹7 Cr |
| Σ Total | — | 4,200,000 (100%) | — | ₹14,280 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹136,000 |
| Retail (Max) | 13 | 52,000 | ₹1,768,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,904,000 |
| B-HNI (Min) | 67 | 268,000 | ₹9,112,000 |
Financial Statements Amount in Lacs
| Metric | 31.03.2017 | 31.03.2016 | 31.03.2015 |
|---|---|---|---|
| Revenue | 4,363 | 4,203 | 4,228 |
| Profit After Tax | 115 | 22 | 63 |
| Net Worth | 1,334 | 1,217 | 1,192 |
| Total Assets | 5,593 | 4,852 | 4,767 |
| Reserves & Surplus | 834 | 717 | 692 |
| Total Borrowing | 2,103 | 2,103 | 2,103 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To Meet Working Capital Requirement – 13.00
- General Corporate Expenses – 0.91
Company Overview
Incorporated in 1985, Milton Industries Limited is Ahmedabad Gujrat based manufacturer and exporter of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets.
The laminates produced by the company are used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc.
PVC Coated Fabrics produced by the company are sold to Government Agencies, such as Indian Railways, State Transport Corporation of Different States and also exported to different countries.
Milton Industries has two manufacturing units in Mehsana and Sabarkantha, both located in Gujrat. The development process includes design, development, testing, manufacturing and delivery of the products.
Strengths of Milton Industries:
1. Cost efficient manufacturing and supply chain management
2. The location of manufacturing facilities gives a significant competitive cost advantage in terms of raw material sourcing, manufacturing and labour costs.
3. Our Promoter has around 32 years of experience in the industry.
4. Presence in many countries
5. Extensive distribution network