MIDHANI Ltd IPO

The IPO of Mishra Dhatu Nigam Limited (MIDHANI) will come soon in the market to get listed on both of the Exchanges. Interested clients can retrieve relevant information such as Price Band, IPO Dates, Company Profile, Allotment Status, Listing Dates, subscription & application form etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. MIDHANI IPO is scheduled for March 21, 2018 with a price band of Rs. 87-Rs. 90 per equity share. The lot size of applying Dates IPO is for *shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

Mishra Dhatu Nigam Limited (MIDHANI) was incorporated on November 20, 1973 at Hyderabad India. It manufactures special steels, Superalloys and titanium alloys in India. This firm targets to sell its products primarily to the segment such as defence, space and power. It is famous as a ‘National Centre for Excellence’ in advanced metallurgical production of special metals and Superalloys in the country. It is awarded with a status of a Mini Ratna, Category-I company in 2009. The firm is also engaged to make special steels like martensitic steel, ultra high strength steel, austenitic steel and precipitation hardening steel. Nickel base, iron base and cobalt base are the types of Superallyoed which is manufactured by the firm. It manufactures varieties of titanium alloys too. It is planning to set up its manufacturing units in Rohtak and Nellore.

 

Positive Outlook of the Firm:-

  • Offering highly advanced and unique facilities;
  • Able to make wide range of advanced products;
  • Maintain long term relationship with its clients,
  • Research and development based technology development;
  • Well known management team and staffs.

 

Objects Of The Issue:-

The objects of the Offer are: (Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder)

  • To carry out the disinvestment of 46,835,000 Equity Shares by the Selling Shareholder; constituting 25% of Company’s pre-Offer paid up Equity Share capital; and
  • To get the advantages of listing the Equity Shares on the Stock Exchanges; Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

 

Summary Of Issue:

Issue Open:- March 21, 2018 – March 23, 2018
Issue Type 100% Book Built Issue IPO
Issue Size (Value) 48,708,400 Equity Shares of Rs 10 aggregating up to Rs 438.38 Cr
Offer for Sale of 48,708,400 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [87 – 90] Per Equity Share
Market lots 150 equity Shares
Minimum Order Quantity 150 equity Shares
Listing At BSE, NSE

(*) indicates to be updated


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Mishru Dhatu Nigam (MIDHANI) IPO Subscription Details

Sr.No. Category No. of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs)  23417500 45859200 1.96
2 Non Institutional Investors (NIIs)  7025250 878100 0.12
3 Retail Individual Investors (RIIs)  16392250 11840700 0.72
4  Employees  1873400 488850 0.26
  Total  48708400 59066850 1.21

Updated as on 23rd Mar 2018 at 05:00 pm


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Important dates for Mishru Dhatu Nigam Limited IPO Allotment Status

  • The Allotment date for Mishra Dhatu Nigam Limited IPO issue is expected on March 28, 2018
  • The amount will get unblocked on March 29, 2018
  • The Shares are expected to credit in DP accounts on March 29, 2018
  • The Shares of Mishra Dhatu Nigam Limited is likely to get listed on March 30, 2018 on both BSE and NSE.

 


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Mishru Dhatu Nigam Limited IPO Allotment Status

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Your IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Mishru Dhatu Nigam Limited IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.


Download “Mishru Dhatu Nigam Limited” IPO Application Form

From BSE: click here

From NSE: click here

Promoters Of the Company:-

The promoter of the company is the President of India acting through the Ministry of Defence, Government of India.

Financials:- 

Particulars For the year/Period ended (Rs. in Million) (Consolidated)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15
Total Equity & Liabilities 11,010.37 11,208.49 11,630.63
Total Revenue 8,330.90 7,904.48 6,783.87
Total Expenses 6,467.37 6,286.03 5,443.98
Profit After Tax (PAT) 1,263.13 1,193.70 991.63

Book Running Lead Managers Details:-

1) SBI Capital Markets Limited

202, Maker Tower ‘E, Cuffe Parade

Mumbai – 400005, Maharashtra, India

Tel: +91 (22) 22178300

Fax: +91 (22) 22188332

E-mail: midhani.ipo@sbicaps.com

Investor grievance e-mail:

investor.relations@sbicaps.com

Contact Person: Janardhan Wagle

Website: www.sbicaps.com

SEBI Registration No.: INM000003531

 

2) IDBI Capital Markets & Securities Limited

(Formerly known as IDBI Capital Market Services Limited)

3rd Floor, Mafatlal Centre, Nariman Point,

Mumbai – 400 021, Maharashtra, India

Tel.: +91 22 4322 1212

Fax: +91 22 2285 0785

E-mail: ipo.midhani@idbicapital.com

Investor grievance e-mail: redressal@idbicapital.com

Contact Person: Sumit Singh

Website: www.idbicapital.com

SEBI Registration No.: INM000010866

 

Registrar To The Issue:-

Alankit Assignments Limited

205-208, Anarkali Complex,

Jhandewalan Extension,

New Delhi- 110055, India

Tel: +91 11-4254 1234; 2354 1234

Fax: +91 11 4154 3474

Email: midhani_ipo@alankit.com;

Investor grievance email: midhani_igr@alankit.com;

Contact Person: Harish Agarwal

Website: www.alankit.com

SEBI Registration No: INR000002532

Registered Office Details:- 

P.O. Kanchanbagh, Hyderabad – 500 058, Telangana, India.

Contact Person: Paul Antony,

Company Secretary and Compliance Officer; Tel: +91-040-24340853;

Fax: + 91-040-24340214

E-mail: secretary@midhani.com;

Website: www.midhani.com

Corporate Identity Number: U14292TG1973GOI001660


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