Mewar Hi Tech Engineering IPO - Date, Price, Details, Allotment, Listing

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Mewar Hi Tech Engineering Limited will be listed on the SME platform on the BSE Exchange within few days ahead. The details for price band and dates, company profile, allotment status and listing dates of Mewar Hi tech Engineering will be possible to fetch. The company has already filed a Draft Prospectus and received the approval from SEBI.

The IPO will open as on September 30,2016 with a price band of Rs. 22. The lot size for applying the IPO is for 6000 equity shares. The issue mandates all investors to apply through ASBA i.e. Application supported by Blocked amount only. The maximum application amount for retail investor stood at Rs. 2 lacs. Equity shares of Public offering stood at 10,62, 000 by the bank aggregating up to worth Rs.2.34 crore.

Company Profile:

The Company was incorporated on March 26, 2006, located in Udaipur, India. The company provides heavy machines as crushers mixers and industrial material handling equipment under the ‘Kingson brand’ in India. It manufactures its products like pre-engineering building sheds, cranes, sand machines, concrete mixture machines, batch mixing plants, RMC (ready-mix concrete) plants, industrial products for crushing plants, Double Toggle Grease/Oil Crusher, Single Toggle Grease Jaw Crusher, Vibrating Screen, Horizontal Shaft Impactor, Vertical Shaft Impactor and Cone Crusher and other crushing, screening and customized size reduction equipments along with facilitating after sales service with the warranty facilities of the machines. The manufacturing process of the firm is integrated from drawing with the help of Auto CAD to assembling of manufactured body parts. The firm owns a testing laboratory to test the products according to the quality parameters.

Outlook of the Firm:

Various Products Offerings;
Customer Centric;
Consistency in quality via its testing laboratory;
Offer quality services;
Experienced management team with sound knowledge.

Objects Of The Issue:

Working capital requirement;
For issue expense;
General Corporate Purpose.

Summary Of Issue:

Issue Open:-	30th September to 6th October 2016
Issue Type	Fixed Price Issue IPO
Issue Size (Shares)	[10,62,000]Equity Shares of Rs. 10
Issue Size in (Value)	Rs. 2.34 Crore
Face Value	Rs. 10 Per Equity Share
Issue Price	Rs. 22 Per Equity Shares
Market lots	Rs. 6000 Shares
Minimum Order Quantity	Rs. 6000 Shares
Listing At	BSE, SME

The Public offer includes:-10,62,000 Equity Shares

Mewar Hi Tech Engineering IPO Allotment Status

Mewar Hi Tech Engineering IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

Click on the given link See Allotment Status here
Go to Application Status
Select IPO as Mewar Hi Tech Engineering IPO
Enter you PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

The Shares of Mewar Hi Tech Engineering Limited are likely to be listed as on October 14,2016 on both BSE SME.

Promoters Of the Company:

1) Mr. C.S. Rathore :- He is 56 years old. He is chairman & Managing director of the company.

2) Mr. Reena Rathore:- She is 46 years old. He is whole time director of the company.

Financials:

Particulars		For the year/Period ended (Rs. in Lakhs)
Financial Year	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Liabilities	3446	3113.88	2495.75	2013.92	1559.93
Total Assets	3446	3113.88	2495.75	2013.92	1559.93
Total Revenue	4084.41	2395.89	3387.78	2007.43	1535.71
Total Expenses	4048.18	2342.92	3280.89	1913.80	1412.86
Profit After Tax (PAT)	23.11	32.45	69.39	63.44	80.93