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.
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.
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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
Mishra Dhatu Nigam IPO Grey Market Price, Rates, MIDHANI GMP Premium
|28 March 2018||At Par|
Mishra Dhatu Nigam IPO, Allotment, MIDHANI Grey Market, GMP, Date, Price, Subscription, Listing Date
|Name||Mishra Dhatu Nigam Limited|
|Open Date||21 March 2018|
|Close Date||23 March 2018|
|Allotment Date||29 March 2018|
|Refund Date||30 March 2018|
|Listing Date||04 April 2018|
|Issue Price||Rs. 87 – Rs. 90 Per Equity Share|
|Price Discount||Rs 3/- per Equity Shares for Retail and Eligible Employee Category|
|Lot Size||150 Shares|
|Minimum Order Quantity||150 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||Initial Public offer of 48,708,400 Equity Shares|
|Lead Manager||SBI Capital Markets Limited and IDBI Capital Markets & Securities Limited|
|Registrar||Alankit Assignments Limited|
|Listing at||NSE / BSE|
|Category||SHARES OFFERED||21 March 2018||22 March 2018||23 March 2018|
The shares will be listed on 04th April 2018.
Listing Day Figures (04th April 2018)
|BSE (541195)||NSE (MIDHANI)|
|IPO Price||Rs. 90||Rs. 90|
|Open||Rs. 87||Rs. 87|
|High||Rs. 90.90||Rs. 91|
|Low||Rs. 86.35||Rs. 86.05|
|Close||Rs. 90||Rs. 90.05|
Mishra Dhatu Nigam Ltd Address
IPO DRHP / Prospectus
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