Fixed Price IPO | ₹17 Cr | Listed at BSE SME | Tue, Jun 30, 2015 - Thu, Jul 2, 2015
M.D.Inducto Cast IPO is a fixed price issue of ₹17.24 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹17.24 crore.
M.D.Inducto Cast IPO bidding started from Jun 30, 2015 and ended on Jul 2, 2015. The shares got listed on BSE SME on Jul 16, 2015.
M.D.Inducto Cast IPO price is ₹27 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is BCB Brokerage Pvt.Ltd..
Refer to M.D.Inducto Cast IPO RHP for detailed Information.
IPO Open
Tue, Jun 30, 2015
IPO Close
Thu, Jul 2, 2015
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹65.04 Cr
| IPO Date | 30 Jun to 2 Jul, 2015 |
| Listed on | Thu, Jul 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 63,84,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 3,24,000 shares BCB Brokerage Pvt.Ltd. (agg. up to ₹0.8748 Cr) |
| Fresh Issue (Ex Market Maker) | 60,60,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 60,60,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 1,77,03,704 shares |
| Share Holding Post Issue | 2,40,87,704 shares |
| BSE Script Code | 539226 |
| ISIN | INE027T01015 |
M.D.Inducto Cast IPO comprises a total issue size of 63,84,000 shares. The net offer to the public is 60,60,000 shares, after excluding 3,24,000 shares allotted on a firm basis. Of the Net offer 30,28,000 (49.97%) allocated to NII 30,32,000 (50.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,28,000 | 49.97% | 47.43% |
| Retail Shares Offered | 30,32,000 | 50.03% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,24,000 | 5.08% | |
| Total Shares Offered | 63,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Incorporated in 2010, 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, with a group turnover of around Rs. 600 crore per annum. At present they have an installed production capacity of 1,20,000 MT p.a. both for billets and TMT bars. Famous actor and politician Paresh Rawal is the brand ambassador of MDIC's products.
In addition to manufacturing their own products, they have also recently introduced franchise model of business in their operations. At present, they have contracted with 5 parties who manufacture and sell goods under brand name "Rudra TMX". Company has around 25 direct dealers and 5 distributors who cater to around 450 dealers, undertaking sales and distribution of products. They also serve to some few large industrial houses directly.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 16.59 |
| 2 | Issue Expenses | 0.65 |
| KPI | |
|---|---|
| RoNW | 38.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 73.5% |
| Market Cap | ₹65.04 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 0.38 |
| 2 | Regulatory fees and legal expenses | 0.05 |
| 3 | Marketing and Other Expenses | 0.22 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹28.10 |
| Low | ₹27.85 |
| High | ₹29.50 |
| Last Trade | ₹29.50 |
Lead Manager Reports
M.D.Inducto Cast IPO is a SME IPO of 63,84,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Jun 30, 2015, and closes on Thu, Jul 2, 2015.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in M.D.Inducto Cast IPO using UPI as a payment gateway. Zerodha customers can apply in M.D.Inducto Cast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in M.D.Inducto Cast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The M.D.Inducto Cast IPO opens on Tue, Jun 30, 2015 and closes on Thu, Jul 2, 2015.
M.D.Inducto Cast IPO lot size is 4000, and the minimum amount required for application is ₹1,08,000.
You can apply in M.D.Inducto Cast IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for M.D.Inducto Cast IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the M.D.Inducto Cast IPO allotment status.
The M.D.Inducto Cast IPO listing date is on Thu, Jul 16, 2015.
