Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
MMP Industries IPO is a book built issue of Rs 84.60 crores.
MMP Industries IPO bidding started from March 28, 2018 and ended on April 4, 2018. The allotment for MMP Industries IPO was finalized on Monday, April 9, 2018. The shares got listed on NSE SME on April 12, 2018.
MMP Industries IPO price band is set at ₹186 to ₹188 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹112,800.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the MMP Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to MMP Industries IPO RHP for detailed information.
| IPO Date | March 28, 2018 to April 4, 2018 |
| Listing Date | April 12, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹186 to ₹188 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 4,500,000 shares (aggregating up to ₹84.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,435,075 |
| Share holding post issue | 16,935,075 |
| Market Maker portion | 225,000 shares |
MMP Industries IPO offers 4,725,000 shares. 2,137,500 (45.24%) to NII, 2,137,500 (45.24%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 225,000 (4.76%) |
| NII (HNI) Shares Offered | 2,137,500 (45.24%) |
| Retail Shares Offered | 2,137,500 (45.24%) | Other Shares Offered | 225,000 (4.76%) |
| Total Shares Offered | 4,725,000 (100%) |
MMP Industries IPO opens on March 28, 2018, and closes on April 4, 2018.
| IPO Open Date | Wednesday, March 28, 2018 |
| IPO Close Date | Wednesday, April 4, 2018 |
| Basis of Allotment | Monday, April 9, 2018 |
| Initiation of Refunds | Wednesday, April 11, 2018 |
| Credit of Shares to Demat | Tuesday, April 10, 2018 |
| Listing Date | Thursday, April 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 4, 2018 |
Investors can bid for a minimum of 600 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 | 600 | ₹112,800 |
| Retail (Max) | 1 | 600 | ₹112,800 |
| Lot Size Calculator | |||
Incorporated in 1973, MMP Industries Limited is a Nagpur, Maharashtra based company engaged in manufacturing of aluminium products. Company's aluminium product range includes pyro and flake aluminium powders, atomised aluminium powders, aluminium pastes, aluminium conductors (all aluminium, alloy aluminium and aluminium steel reinforced).
Aluminium powders (pyro, flake and atomised) are used in many industrial sectors like construction (AAC Blocks) and mining (Aluminised slurry explosives), agriculture (pesticides), defence (ammunition), fire crackers, railways (thermit portions) etc. Aluminium pastes are used in automotive, decorative and industrial paints. Aluminium Conductors are consumed by the power sector for laying of overhead transmission lines.
With over 3 decades of experience MMP Industries has developed in depth ability to understand process related problems and fine tuning of its products to suit customer needs.
The objects of the Net Proceeds of the Issue are:
1. Setting up a new facility for manufacturing of Atomised Aluminium Powder, Pyro and flake Aluminium Powder and Aluminium Foils
2. Prepayment or repayment of a portion of loan facilities availed by the Company
3. General Corporate Purposes
[Dilip Davda]
This is the first mega primary offer by SME so far. Considering progressing performance and bright prospects ahead, investors may invest in this reasonably priced offer for medium to long term.
Read detail review...The MMP Industries IPO is subscribed 0.78 times on April 4, 2018 5:00:00 PM. The public issue subscribed 0.66 times in the retail category, times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.41 |
| Retail | 0.66 |
| Total | 0.78 |
| Listing Date | April 12, 2018 |
| BSE Script Code | |
| NSE Symbol | MMP |
| ISIN | INE511Y01018 |
| Final Issue Price | ₹188 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹188.00 |
| ₹190.00 |
| ₹190.00 |
| ₹199.50 |
| ₹199.50 |
MMP Industries Limited
211, Shrimohini 345,
Kingsway, Nagpur 440 001
Phone: +91 712 252 4645/ 253 358
Email: companysecretary@mmpil.com
Website: http://www.mmpil.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
MMP Industries IPO is a SME IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹84.60 Crores. The issue is priced at ₹186 to ₹188 per share. The minimum order quantity is 600 Shares.
The IPO opens on March 28, 2018, and closes on April 4, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The MMP Industries IPO opens on March 28, 2018 and closes on April 4, 2018.
MMP Industries IPO lot size is 600 Shares, and the minimum amount required is ₹112,800.
You can apply in MMP 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 MMP Industries IPO will be done on Monday, April 9, 2018, and the allotted shares will be credited to your demat account by Tuesday, April 10, 2018. Check the MMP Industries IPO allotment status.
IPO Guru (1300+ Posts, 800+ Likes)
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (700+ Posts, 400+ Likes)
Good support from L. M. Will not fall below 190 today.