Mahip Industries Ltd

Mahip Industries

About the Company:

Mahip Industries is engaged in the business of providing high quality packaging materials (Corrugated Boxes) to various industries.

Company has more than two decades of experience in the packaging industry, and have earned a respectable place among the top players in the industry by offering the
best products and services.

Company’s Product Portfolio includes diversified variety of which are customized corrugated box packing, printing on corrugated box which are used in various

The products manufactured by the company is mainly used in packing industry which is used by all industrial and commercial packaging units.

Company is certified by ISO 9001 and ISO 22000 (Quality Management System) Certifications from JAZ ANZ (+).


Company’s Products:

  • Stagguard, Box.
  • Corrugated Boxes.
  • Corrugated Boxes with Partition.
  • Corrugated Boxes With Lid.
  • Printed Corrugated Boxes.
  • Customized Corrugated Boxes.
  • Corrugated Cartons/Printed.
  • Heavy duty Corrugated Boxes.
  • Corrugated Paper Rolls.


Samples of Company’s Products:


Company’s Capacity Utilization: 


Positives for the Company:

Capacity Enhancement:

As on date company has a installed capacity of 3500 tons per annum and looking into the past growth considering the future demand potential, Company intends to increase their existing capacity to 8352 tons per annum by Financial year 2018-19 and 2019- 20.

To Increase Client Base.

Currently company is doing business in the states of Gujarat, through dealer/distributor /agents network or directly to customers. Going forward Company intends to
enter and capture new markets in the different states.

Banning the use of Plastics.

Government is banning the use of plastics which directly helps Paper/ Corrugated industry supply and as a result the business may increase going forward.


Management Team:

  1. Mr. Rajiv Govindram Agrawal (Designation: Chairman & Managing Director)
  2. Mr. Radheshyam Oza (Designation: Non-Executive Director)


Objectives of the Issue:

  • Funding the working capital requirements of the Company
  • General corporate purposes.
  • Issue Related Expenses


Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18 31st Aug 18
Revenue 92.86 93.08 104.40 107.83 140.78 64.71
Net Profit 1.03 0.93 1.11 1.22 4.28 2.53


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Mahip Industries Ltd 10 3.15 10.14 18.97% 16.10
Worth Peripherals Ltd 10 5.4 17.94 11.23% 41.82

Also Read :  Astron Paper Ltd (Mainline Corrugated Box Manufacturing Company)


IPO Details:

Details Info
Issue Opens on 26th February 2019
Issue Closes on:. 1st March 2019
Issue Price Rs.32
Face Value Rs.10
Minimum Lot 4000
Minimum Investment Rs.1,28,000
Issue Constitutes 27.01%
Issue Size Rs.16.62 cr
Market Cap Rs.61.56 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 51,96,000
Equity Shares Prior to the Issue 1,40,43,984
Equity Shares after the Issue 1,92,39,984

Also Read: Complete List of Upcoming SME IPOs in 2019.


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.15 10.14 18.97% 16.10


Check IPO Allotment Status:

Bigshare Website (Click on the below Link)



Company Contact Info:
Mahip Industries Ltd
Survey No. 127, Jalalpur – Godhneshwar
Dholka- Bagodara Highway,
Ahmedabad-387810, Gujarat, India.
Tel No.: 079 – 4004 8788


IPO Registrar Info:
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai-400059
Tel. No: 022-62638200;


Lead Manager to the Issue:
Finshore Management Services Limited
Anandlok, Block-A, 2nd Floor, Room No. 207,
227, A.J.C Bose Road,
Kolkatta – 700 020, West Bengal, India
Tel. No: 033-22895101
Investor Grievance E-mail: