Misquita Engineering Limited is a major component supplier to M/s I.F.B. Industries Ltd, which is a major manufacturer of front loading washing machines, with over 50% market share in the Indian market for front-loading washers.
Misquita Engineering Limited IPO
(i) The Company was incorporated in the year 1998 under the name Misquita Engineering Private Limited and is engaged in the manufacturing of the front-loading washers having a registered office and corporate office in Goa, India.
(ii) The Company is the major component supplier and job worker to a manufacturer of washing machines in the Indian market for Front Loading washers. The Company has consistently believed in supplying Zero Defect products and all manufacturing and operating systems in the company are geared up towards the goal and vision of Zero Defect=Zero Effect, Zero effect with respect to zero wastage of resources and utilization of all resources efficiently and effectively.
The Company is an ISO 9001:2008 certified company for the last seven years being certified every year by TUV SUD South Asia Private Limited, a premier certification agency. Our Company is now upgraded its systems to be ISO 9001:2015 compliant from May 2018.
(iii) The Company is now planning to expand its production and building capacities for the same. The Company has been qualified as a Strategic Supplier for supply of Machined parts to “Commscope USA.”
Objects of the Misquita Engineering Limited IPO:
Misquita Engineering Limited IPO Details:
|Open Date:||Sep 23 2019|
|Close Date:||Sep 25 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Issue|
|Issue Size:||₹1.9332 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 27 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Oct 03 2019|
Promoters And Management:
Financials of Misquita Engineering Limited IPO:
Comparison With Peers:
Recommendation on Misquita Engineering Limited IPO:
Lead Manager of Misquita Engineering Limited IPO:
Registrar of Misquita Engineering Limited IPO:
Bid Details of Misquita Engineering Limited IPO as on
25 Sep 2019 | 11:59:01 PM
|Category||No.of shares offered||No. of shares bid|