Microfilter Polymers Ltd. IPO Details
Microfilter Polymers was incorporated on July 5, 2021. The company manufactures filter components for domestic, industrial and commercial RO systems under the ‘Microfilter’, ‘Jordan’ and ‘Axtron’ brands, with capacities ranging from 8 litres to 25,000 litres per hour. It also manufactures white-label products, allowing other companies to sell them under their own brands and helping the company expand its market reach and diversify revenue
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 6.0 M | - | - | ₹0 | DRHP DOC |
Microfilter Polymers issue details
Microfilter Polymers has 6.0 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Microfilter Polymers IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | BSE |
Microfilter Polymers NUMBER OF SHARES ON OFFER
Microfilter Polymers FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 52.1 | 6.5 | -1.7 | -1.8 | 17.9% |
| FY25 | 34.5 | 3.5 | -3.9 | -5.2 | 14.6% |
| FY24 | 16.2 | 1.2 | -0.2 | -2.4 | 10.9% |
Microfilter Polymers INFORMATION ON IPO ISSUE
About Microfilter Polymers
Microfilter Polymers was incorporated on July 5, 2021. The company manufactures filter components for domestic, industrial and commercial RO systems under the ‘Microfilter’, ‘Jordan’ and ‘Axtron’ brands, with capacities ranging from 8 litres to 25,000 litres per hour. It also manufactures white-label products, allowing other companies to sell them under their own brands and helping the company expand its market reach and diversify revenue
Object of the Issue
- Financing the cost towards capacity expansion of their operations and support to the manufacturing facility at Plot No. F-09/17, Mouza- Digdoh, MIDC Hingna Industrial Area, Nagpur
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company
- General corporate purposes
Microfilter Polymers - PROMOTERS
| Name |
|---|
| Shailendra Mangal |
| Ritu Mangal |
| Samrudhi Mangal |
Microfilter Polymers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Shailendra Mangal | Chairman & Managing Director |
| Ritu Mangal | Whole Time Director |
| Samrudhi Mangal | Non-Executive Director |
| Nachiket Vishnu Ozarkar | Independent Director |
| Manish Ashok Bagalkote | Independent Director |
| Kanabar Nikunj Mahendrabhai | Independent Director |
Microfilter Polymers Book Running Lead Manager
Aftertrade Broking Private Limited
mb@aftertrade.in
Microfilter Polymers Registrar to the Offer
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Microfilter Polymers Strengths
Client relationship
The company focuses on meeting customer requirements through timely order fulfilment, consistent product quality and responsive service. It maintains strong customer relationships through comprehensive after-sales support and facilitates product returns in case of quality issues
Quality
The company follows stringent procedures to ensure timely delivery, consistent service quality and minimal errors, supporting customer retention, repeat orders and business growth. Its quality systems are supported by ISO 9001:2015, CE and RoHS certifications, reinforcing its commitment to standardised and reliable service
Cost effective business
The company focuses on timely order fulfilment and cost-efficient procurement to support efficient production and project execution. Its in-house design and engineering capabilities enable customised solutions for STP, ETP, WTP and other water treatment projects while maintaining quality standards
Microfilter Polymers Risks
Labour intensive
The company depends on skilled and semi-skilled labour for installation, commissioning and maintenance of WTPs, STPs, ETPs and filtration systems. Shortages, mobilisation delays or higher labour costs could increase operating expenses, delay project execution and adversely affect business performance
Competition
The company operates in competitive and fragmented water treatment and wastewater management markets with relatively low entry barriers, facing competition from established, regional and local players. Its inability to maintain competitive pricing, quality, technical expertise, execution capabilities and customer service could adversely affect business performance and growth
Demand & supply chain risk
The company derives a substantial portion of its revenue from water filtration and purification products, as well as WTP, STP, ETP and EPC activities. Any decline in demand, changes in customer preferences, product quality issues or supply chain disruptions could adversely affect its business, financial performance and cash flows
IPO FAQs
The promoters of the company are Shailendra Mangal, Ritu Mangal and Samrudhi Mangal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.