Milton Industries Ltd Ipo Review

Milton industries ltd ipo review


Business description from prospectus – Milton Industries Limited is an ISO 9001:2008 certified company and is engaged in manufacturing of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets in the state of Gujarat.

Milton industries ltd ipo review

The company is a manufacturer and exporter of premium quality high-pressure laminates, industrial Laminates, laminated board, flooring laminates, artificial Leather cloth, GFRE Sheets and other allied products.

The company’s laminates can be used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc.

Milton industries ltd ipo review

Initially, the company was engaged in manufacturing of laminates and further diversified in manufacturing and exports of Artificial Leather cloth and GFRE Sheets.

Its manufacturing facilities are situated in Gujarat and distributed in two units having different activities of Production.

Promoters of Milton Industries – Mr Vijay Pal Jain, Mr Ajay Mahipal Singh Jain, Mr Abhaykumar Mahipal Singh Jain, Mr Vikas Jain and Mr Saket Jain

Milton Industries IPO details

Subscription Dates29 September – 6 October 2017
IPO Price bandINR34 per share
Fresh issue4,200,000 shares (INR14.28 crore)
Offer for saleNil
Total IPO size4,200,000 shares (INR14.28 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform


Milton Industries’  financial performance (in INR lakh)

Total revenue4,655.14,546.24,228.44,203.44,363.2
Total expenses4,539.64,436.24,133.44,079.94,232.9
Profit after tax86.374.363.022.1115.4

Milton Industries Limited
1/2, Chitra-Ami Appartment

La Gajjar Chamber, Ashram Road
Ahmedabad – 380009

Phone: +91 79 2658 4193
Email:[email protected]


Subscription (no.

Milton industries ltd ipo review

of times)

Day 10.78
Day 20.95
Day 31.07
Day 41.66
Day 513.69


Earnings Per Share (EPS): INR1.03

Price/Earnings (P/E) ratio: 33.14

Return on Net Worth (RONW): 8.65%

Net Asset Value (NAV): INR26.69 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
[email protected]

Milton Industries IPO allotment status is now available on Bigshare Services’ website.

Click on this linkto get allotment status.

IPO Opening Date: 29 September 2017

IPO Closing Date: 6 October 2017

Listing Date: 16 October 2017

Listing Price on NSE SME: INR40.8 per share (up 20% from IPO price)

Closing Price on NSE SME: INR34.35 per share (up 1.03% from IPO price)

Fafafat Summary of SEVEN SME IPOs opened on a single day: 29 Sep 2017