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M D Inducto Cast Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 6,384,000 Equity Shares of Rs 10/- each aggregating Rs. 17.24 Crore. The price for the issue has been fixed at Rs 27 per share.
M D Inducto Cast Ltd is engaged in manufacturing of superior quality TMT bars and billets that are sold under the brand name Rudra TMX. M D Inducto Cast Ltd (MDIC) is the flagship company of M D Group, engaged in various businesses like Ship Recycling, Oxygen Plant, Induction Furnace, Re-rolling mill, producing more than 1.5 Lakh MT per annum of steel.
The issue opens on Jun 30, 2015 and closes for subscription on Jul 02, 2015. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.
The MD Inducto Cast IPO is proposed to open on June 30, 2015. The IPO application ends on July 2, 2015.
Retail investors can apply in the retail or non-institutional investor category from June 30, 2015 to July 2, 2015. The MD Inducto Cast IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The MD Inducto Cast IPO will open for subscription on June 30, 2015. The public issue will close on July 2, 2015.
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