Mishra Dhatu Nigam Limited IPO, MIDHANI IPO Details

By | March 28, 2018
Mishra Dhatu Nigam Limited IPO, Mishra Dhatu Nigam IPO Details, MIDHANI IPO, Mishra Dhatu Nigam IPO Allotment, Mishra Dhatu Nigam IPO Grey Market, GMP Premium, and Price.

State-owned defense company Mishra Dhatu Nigam Limited (MIDHANI) will go public in March 2018. It will be the third state-owned defense company to go public this year. The Mishra Dhatu Nigam Limited is a Public sector undertaking PSU in India. The government has decided that it will sell stakes in the PSU companies this year. The government wants to raise Rs.80,000 crore through disinvestment. It has made disinvestment and strategic sale plan to sell stakes. This IPO is also a part of government’s disinvestment plan. The management and government have already declared the dates and price of the initial public offering IPO. As per the notification is given by the company, the price band is Rs. 87 – Rs. 90 per share. The IPO of Mishra Dhatu will be open from 21st March 2018 to 23rd March 2018. Apart from Mishra Dhatu Nigam, Bharat Dynamics Ltd. (BDL) and Hindustan Aeronautics Ltd. (HAL) is also scheduled their IPOs in March 2018. Both are defense PSUs in India. These government companies are looking to raise up to Rs. 5,596 crore from the market. The government is planning to list eight PSUs this year. Out of eight, five will the defense companies.

Mishra Dhatu Nigam IPO

Mishra Dhatu Nigam IPO

The government will offload 26 percent stake in the company through this IPO. If you want to invest in this IPO and want to know more about this IPO then you must download the Mishra Dhatu Nigam Limited IPO DRHP and also read the information given on this page. This page will provide you details like Mishra Dhatu Nigam IPO Allotment, Mishra Dhatu Nigam Financials, Mishra Dhatu Nigam IPO Review and Recommendations, Price band, dates and much more. Just scroll down and get all details. Subscribe to us by pressing the bell button and you will get all information about this IPO along with all the other forthcoming IPOs of 2018 and 2019.

Mishra Dhatu Nigam IPO

About the company:  Mishra Dhatu Nigam Limited is a manufacturer of special steels, superalloys and titanium alloys. The company makes its products for public-sector defence and space companies in India.The company was incorporated in 1973 and it is also known as MIDHANI. The company is based in Hyderabad. The company is now planning to start exports and supply to the commercial sector.

The IPO of MIDHANI would be an offer for sale of 48,708,400 equity shares by the President of India acting through the Ministry of Defence. Up to 1,873,400 equity shares will be reserved for the eligible employees of the company. The net public offer will be 46,835,000 equity shares.
Company Promoters: The President Of India, Acting Through The Ministry Of Defence, Government Of India

Objects of the Issue

Offer for Sale
The Mishra Dhatu Nigam Limited IPO is the pure Offer for Sale. Mishra Dhatu Nigam will not receive any proceeds from the Offer.
  • To carry out the disinvestment of 46,835,000 Equity Shares by the Selling Shareholder constituting 25% of the Company’s pre-Offer paid up Equity Share capital.
  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges

Mishra Dhatu Nigam IPO Grey Market Price, Rates, MIDHANI GMP Premium

DateGMPKostak RateSauda
28 March 2018At Par

Mishra Dhatu Nigam IPO, Allotment, MIDHANI Grey Market, GMP, Date, Price, Subscription, Listing Date

NameMishra Dhatu Nigam Limited
Open Date21 March 2018
Close Date23 March 2018
Allotment Date29 March 2018
Refund Date30 March 2018
Listing Date04 April 2018
Issue PriceRs. 87 – Rs. 90 Per Equity Share
Price DiscountRs 3/- per Equity Shares for Retail and Eligible Employee Category
Lot Size150 Shares
Minimum Order Quantity150 Shares
Issue TypeBook Built Issue IPO
Issue SizeInitial Public offer of 48,708,400 Equity Shares
Lead ManagerSBI Capital Markets Limited and IDBI Capital Markets & Securities Limited
RegistrarAlankit Assignments Limited
Listing atNSE / BSE

Subscription Details

CategorySHARES OFFERED21 March 201822 March 201823 March 2018
RII163922500.110.310.72
NII70252500.000.010.12
QIB234175000.461.091.96
Employees18734000.030.120.26
Total487084000.260.641.21

Listing Date

The shares will be listed on 04th April 2018.

Listing Day Figures (04th April 2018)

 BSE (541195)NSE (MIDHANI)
IPO PriceRs. 90Rs. 90
OpenRs. 87Rs. 87
HighRs. 90.90Rs. 91
LowRs. 86.35Rs. 86.05
CloseRs. 90Rs. 90.05

Mishra Dhatu Nigam Ltd Address

Registered and Corporate Office: P.O. Kanchanbagh, Hyderabad – 500 058, Telangana, India

Telephone: +91-040-24340853
Fax: + 91-040-24340214
E-mail: [email protected]
Website: www.midhani.com

IPO DRHP / Prospectus

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