Mahickra Chemicals Limited IPO

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.

Mahickra Chemicals Limited IPO - Issue Details

 

Mahickra Chemicals Limited IPO
 Issue Open

 Apr 16, 2018 - Apr 18, 2018
 Issue Price  Rs 24 - 25 Per Equity Share 
 Market Lot  6000 Shares 
 Minimum Order  Quantity  6000 Shares 
 Issue Size  2,100,000 Equity Shares of Rs 10 aggregating up to Rs 5.25 Cr 
 Face Value  Rs 10 Per Equity Share
 Listing At  NSE SME


Company Promoters:

1 .Miteshkumar Champaklal Gandhi
2. Ashishkumar Champaklal Gandhi
3. Komal Mitesh Gandhi.

Objects of Mahickra Chemicals Limited - SME IPO:

The object of the Issue are:

1. Funding the working capital requirements of the Company;
2. General Corporate Purposes

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