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MMP Industries IPO is a book build issue of ₹84.60 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹84.60 crore.
MMP Industries IPO bidding started from Mar 28, 2018 and ended on Apr 4, 2018. The allotment for MMP Industries IPO was finalized on Apr 9, 2018. The shares got listed on NSE SME on Apr 12, 2018.
MMP Industries IPO price band is set at ₹188.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,11,600 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,25,600.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
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 |
| Issue Price Band | ₹186 to ₹188 per share |
| Issue Price Final | ₹188 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,00,000 shares (aggregating up to ₹84.60 Cr) |
| Reserved for Market Maker | 2,25,000 shares Guiness Securities Ltd. (aggregating up to ₹4.23 Cr) |
| Net Offered to Public | 42,75,000 shares (aggregating up to ₹80.37 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,24,35,075 shares |
| Share Holding Post Issue | 1,69,35,075 shares |
MMP Industries IPO offers total 45,00,000 shares. Out of which 21,37,500 (47.50%) allocated to QIB, 8,55,000 (19.00%) allocated to QIB, 6,41,250 (14.25%) allocated to NII, 14,96,250 (33.25%) allocated to RII and 12,82,500 (28.50%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,25,000 (5.00%) |
| QIB Shares Offered | 21,37,500 (47.50%) |
| − Anchor Investor Shares Offered | 12,82,500 (28.50%) |
| − QIB (Ex. Anchor) Shares Offered | 8,55,000 (19.00%) |
| NII (HNI) Shares Offered | 6,41,250 (14.25%) |
| Retail Shares Offered | 14,96,250 (33.25%) |
| Total Shares Offered | 45,00,000 (100.00%) |
MMP Industries IPO opens on March 28, 2018, and closes on April 4, 2018.
| IPO Open Date | Wed, Mar 28, 2018 |
| IPO Close Date | Wed, Apr 4, 2018 |
| Tentative Allotment | Mon, Apr 9, 2018 |
| Initiation of Refunds | Wed, Apr 11, 2018 |
| Credit of Shares to Demat | Tue, Apr 10, 2018 |
| Tentative Listing Date | Thu, Apr 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 4, 2018 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,12,800 |
| Retail (Max) | 1 | 600 | ₹1,12,800 |
| HNI (Min) | 2 | 1,200 | ₹2,25,600 |
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 Company MMP Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up a new facility for manufacturing of Atomised Aluminium Powder , Pyro and Flake Aluminium Powder and Aluminium Foils | 58.90 |
| 2 | Prepayment or repayment of a portion of loan facilities availed by the Company | 10.00 |
| 3 | General Corporate Purposes | 11.99 |
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | April 12, 2018 |
| BSE Script Code | |
| NSE Symbol | MMP |
| ISIN | INE511Y01018 |
| Final Issue Price | ₹188 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹188.00 |
| Open | ₹190.00 |
| Low | ₹190.00 |
| High | ₹199.50 |
| Last Trade | ₹199.50 |
MMP Industries Ltd.
211,
Shrimohini 345,
Kingsway,
Nagpur, Maharashtra, 440001
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
MMP Industries IPO is a SME IPO of 45,00,000 equity shares of the face value of ₹10 aggregating up to ₹84.60 Crores. The issue is priced at ₹188 per share. The minimum order quantity is 600.
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.
Zerodha customers can apply online in MMP Industries IPO using UPI as a payment gateway. Zerodha customers can apply in MMP Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MMP Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MMP Industries IPO opens on March 28, 2018 and closes on April 4, 2018.
MMP Industries IPO lot size is 600, and the minimum amount required for application is ₹1,12,800.
You can apply in MMP Industries 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 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.
The MMP Industries IPO listing date is on Thursday, April 12, 2018.
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