MITCON Consultancy & Engineering Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,946,000 (47%) | — | ₹1,187 Cr |
| Retail | — | 1,948,000 (48%) | — | ₹1,188 Cr |
| Market Maker | — | 206,000 (5%) | — | ₹13 Cr |
| Σ Total | — | 4,100,000 (100%) | — | ₹25,010 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 | 2,000 | ₹122,000 |
| Retail (Max) | 13 | 26,000 | ₹1,586,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,708,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,174,000 |
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 Acquisition of property for setting up new offices in Bangalore, Hyderabad, Chennai, New Delhi and Ahmedabad and environment testing laboratory in Bangalore and Ahmedabad – 16.14
- 2 Purchase of office equipment for new offices – 0.58
- 3 Purchase of furniture and fixtures and carrying out interior designing for the new offices and the environment testing laboratory – 2.91
- 4 Purchase of equipment for environment testing laboratory at Ahmedabad and Bangalore – 1.02
- 5 General Corporate Purposes – 0.81
Company Overview
Incorporated in 2010, MITCON Consultancy & Engineering Services Ltd is an ISO 9001:2008 certified company engaged in providing consultancy and engineering services. They provides services to banking, infrastructure and biotechnology sectors. They have provided services to small and medium enterprises (SME), large corporates, banks, financial institutions and various government bodies. They classify their services into Consultancy and Engineering Services and Training and Allied services.
Their client based includes GSPC Pipavav Power Company Limited, Ajanta Pharma Limited, VRL Logistics Limited, Sterling Biotech Limited, Naine Minerals & Resources Pte. Limited, Kisan Veer Satara Sahakari Sakhar Karkhana Limited, Shri Vile Parle Kelavani Mandal, D. J. Malpani, Giriraj Enterprises, Mahalaxmi TMT Private Limited, Adlabs Entertainment Limited, HPCL Biofuels Limited, PMT Machines Limited, Kalika Steels Alloys Private Limited and Maharashtra State Police Wireless. Company's shareholders include private sector banks, nationalized banks, financial institutions and state government development corporations.