Subject to Report : as on 05 Feb 2018 at 11.00: NIL
Short Note about the Company:
Pithampur, MP based , Mohini Health & Hygiene Ltd (Incorporated in 2009) is engaged in the business of manufacturing and export of absorbent cotton and medical consumable products. Its revenue from domestic Market is 44.77% and from international market is 55.23%. It exports majorly to countries such as Portland, Italy, Latvia, Russia, Spain and Greece.
The Company was previously engaged in the business of dealing and processing of raw cotton, yarn and textile fabric.
1. Sarvapriya Bansal
2. Avnish Bansal
Main Objects of the Issue:
1. Repayment/Prepayment of certain unsecured borrowings by the company;
2. Funding the working capital requirements of the company;
Issue Opens on : Feb 5, 2018
Issue Closes on Feb 7, 2018
Issue Type: Fixed Price Issue IPO
Issue Size: 4,932,000 Equity Shares of Rs 10 aggregating up to Rs 19.73 Cr
Issue Price: INR 40 Per Equity Share
Minimum Order Quantity: 3000 Shares
Listing At: NSE SME
Allotment expected : On Feb 12, 2018
Refunds expected : On Feb 14, 2018
Credit of Equity Shares expected : On Feb 15 2018
Listing at the Stock Exchanges expected : On Feb 16, 2018
The Revenue/Net profit for 2016-17 are Rs. 137.73 cr. / Rs. 3.39 crores.
For last three fiscals it has posted steady rise in the turnover and an average EPS of Rs. 2.85 and an average RoNW of 16.15% on Equity capital of INR 2.96 crores.
The asking price is at a P/E of around 11 plus.
Issue is priced at a P/BV of 0.44 based on its NAV of Rs.95.09 as on 30.09.17
Mohini Health & Hygiene Ltd
Plot no 109, Sector no 3,
Pithampur Dist Dhar 454774
Phone: +91 7292 426666
1)PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED .
Out of last 10 listings, 1 opened around par and the rest with premiums ranging from 1% to 130% on the day of listing.
2) Small Industries Development Bank of India (SIDBI)
Regitrar to the IPO:
Link Intime India Private Ltd,
Kabir`s Belief: IPO is reasonably priced but due to overall weakness in broader market,has limited scope for speculative listing.
NII Shares,Bids recd for
RII Shares,Bids recd for
Total Shares,Bids Recd for