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.
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.
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 Dates||29 September – 6 October 2017|
|IPO Price band||INR34 per share|
|Fresh issue||4,200,000 shares (INR14.28 crore)|
|Offer for sale||Nil|
|Total IPO size||4,200,000 shares (INR14.28 crore)|
|Minimum bid (lot size)||4,000 shares|
|Face Value||INR10 per share|
|Listing On||NSE Emerge SME platform|
Milton Industries’ financial performance (in INR lakh)
|Profit after tax||86.3||74.3||63.0||22.1||115.4|
Milton Industries Limited
1/2, Chitra-Ami Appartment
La Gajjar Chamber, Ashram Road
Ahmedabad – 380009
Phone: +91 79 2658 4193
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
Fax: +91 22 2847 5201
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)