Mitcon Consultancy & Engineering Services is planning to garner Rs 25 crore through its maiden venture into the capital markets with an Initial Public Offer (IPO). The IPO will opene on October 15 and will close on October 18, 2013.
The IPO will be offered at Rs 61 per share and will only list on the NSE Emerge platform. This will be the fourth SME to list on the NSE platform.
The issue proceeds will be used for setting up offices in Bangalore, Hyderabad, New Delhi and Chennai and environmental testing laboratories in Bangalore and Ahmedabad.
Mitcon is a Pune-based company and has a networth of Rs 55 crore. The company posted net profits of about Rs 10 crore in FY-13.
| Company Name | CMP |
|---|---|
| Syngene Internation. | 410.90 |
| Indegene | 487.55 |
| CMS Info Systems | 312.50 |
| JITF Infralogistics | 334.65 |
| Sagility | 43.08 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: