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Midfield Industries IPO is a book built issue of Rs 59.85 crores.
Midfield Industries IPO bidding started from July 19, 2010 and ended on July 21, 2010. The shares got listed on BSE on August 4, 2010.
Midfield Industries IPO price band is set at ₹126 to ₹133 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,650.
Atherstone Capital Markets Limited is the book running lead manager of the Midfield Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Midfield Industries IPO RHP for detailed information.
| IPO Date | July 19, 2010 to July 21, 2010 |
| Listing Date | August 4, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹126 to ₹133 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 4,500,000 shares (aggregating up to ₹59.85 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 8,321,250 |
| Share holding post issue | 12,821,250 |
Midfield Industries IPO offers 4,500,000 shares. 2,250,000 (50.00%) to QIB, 675,000 (15.00%) to NII, 1,575,000 (35.00%) to RII. 31,500 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,550 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,250,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 675,000 (15.00%) | |
| Retail Shares Offered | 1,575,000 (35.00%) | 31,500 |
| Total Shares Offered | 4,500,000 (100%) |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,650 |
| Retail (Max) | 30 | 1500 | ₹199,500 |
| Lot Size Calculator | |||
Company's Promoters are:
1. Mr. M. Madhu Mohan Reddy, 51, years, is a Bachelor of Commerce from Sri Venkateswara University, Tirupati and Master in Business Administration from Andhra University.
2. Mrs. M Supraja, 49 years, is wife of Mr. M Madhu Mohan Reddy.
| Share Holding Pre Issue | 79.76% |
| Share Holding Post Issue | 51.77% |
Incorporated in 1991, Midfield Industries Ltd is a leading manufacturers of steel strapping systems and providers of packaging solutions. Midfield provide packaging consumables like high tensile steel strapping in various dimensions and strengths, Different Seals for different applications, Collated Nails & Corner boards being used for general and the end of line packaging of goods by varied industries. Currently, the company caters to companies across wide spectrum of industries like steel, aluminium, glass, copper, paper, automobile, white goods and refractory etc.
Steel Strappings of Midfield are of two grades, Supreme and Mega Supreme. Supreme Steel Strapping is made of low carbon, low manganese cold rolled steel. Mega Supreme Steel Strapping is made of medium carbon, high-manganese cold rolled steel. Supreme is designed for low duty packaging applications, where as, Mega Supreme is designed for heavy-duty applications.
| Particulars | For the year/period ended (Rs. in Million) | ||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 843.91 | 701.64 | 521.16 | 439.10 | 262.91 |
| Profit After Tax (PAT) | 59.09 | 41.60 | 18.67 | 17.10 | 2.12 |
| KPI | Values |
|---|---|
| RoNW | 24.16% |
The objects of the issue are:
1. Expansion of capacities at the existing plants;
2. Setting up new facilities;
3. Augmenting long term working capital requirement of the Company;
4. General Corporate Purposes; and
5. Achieve the benefits of listing on the Stock Exchange.
The Midfield Industries IPO is subscribed 12.92 times on July 21, 2010 5:00:00 PM. The public issue subscribed 13.51 times in the retail category, 1.86 times in the QIB category, and 48.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.86 |
| NII | 48.41 |
| Retail | 13.51 |
| Total | 12.92 |
Brickwork Ratings (BWR) has assigned an IPO Grade 2 to Midfield Industries Ltd IPO. This means as per Brickwork Ratings company has 'Below Average Fundamentals'. Brickwork Ratings assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Brickwork IPO Grading Document for Midfield Industries Ltd.
Midfield Industries IPO, Midfield Industries Ltd IPO, Midfield Industries Bidding, Midfield Industries IPO Allotment Status, Midfield Industries drhp and Midfield Industries Ltd IPO listing.
| Listing Date | August 4, 2010 |
| BSE Script Code | 533220 |
| NSE Symbol | |
| ISIN | INE091K01010 |
| Final Issue Price | ₹133 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹133.00 |
| ₹159.40 |
| ₹150.00 |
| ₹174.90 |
| ₹163.05 |
Midfield Industries Ltd
Plot No. 6, Phase IV Extn,
IDA Jeedimetla,
Hyderabad- 500055, Andhra Pradesh
Phone: +91 40 23098502
Email: ipo@midfieldindustries.com
Website: http://www.midfieldindustries.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Midfield Industries IPO is a main-board IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹59.85 Crores. The issue is priced at ₹126 to ₹133 per share. The minimum order quantity is 50 Shares.
The IPO opens on July 19, 2010, and closes on July 21, 2010.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
The Midfield Industries IPO opens on July 19, 2010 and closes on July 21, 2010.
Midfield Industries IPO lot size is 50 Shares, and the minimum amount required is ₹6,650.
You can apply in Midfield Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Midfield Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Midfield Industries IPO allotment status.
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