Misquita Engineering Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 340,000 (47%) | — | ₹92 Cr |
| Retail | — | 340,000 (47%) | — | ₹92 Cr |
| Market Maker | — | 36,000 (5%) | — | ₹1 Cr |
| Σ Total | — | 716,000 (100%) | — | ₹1,933 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 | ₹108,000 |
| Retail (Max) | 13 | 52,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 268,000 | ₹7,236,000 |
Financial Statements Amount in Rs Cr
| Metric | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 761 | 677 | 577 |
| Profit After Tax | 42 | 25 | 16 |
| Total Assets | 800 | 740 | 530 |
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
- 1 Prepayment/ repayment of certain debt facilities availed by our Company (Loan for shed expansion) – 0.25
- 2 To Meet working capital requirement – 0.50
Company Overview
Incorporated in 1998, Misquita Engineering Ltd is a manufacturer and supplier of front-loading washers. The company supplies and does job-work of the front-loading washers for washing machine makers in India.
The company believes in the zero-defect product which means zero wastage, zero effect and efficient & effective use of resources.
The company qualifies to work as a strategic supplier and supplies machined parts to Commscope USA. Misquita Engineering is planning to expand its building capacity and evolve new technologies to improve the process control level and automation system.
The company can maintain a tolerance band of ten microns (maximum) with 5 CNC turning centres and some supporting conventional machines.
Competitive Strengths
- Growing Indian economy
- Quality assurance & standards
- A strong relationship with suppliers
- Fully integrated manufacturing unit