Bookbuilding IPO | ₹85 Cr | Listed at NSE SME | Wed, Mar 28, 2018 - Wed, Apr 4, 2018
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 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,12,800 (600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 28, 2018
IPO Close
Wed, Apr 4, 2018
Issue Price
₹188 per share
Market Cap (Pre-IPO)
₹318.38 Cr
| IPO Date | 28 Mar to 4 Apr, 2018 |
| Listed on | Thu, Apr 12, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹186 to ₹188 |
| Issue Price | ₹188 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,00,000 shares (agg. up to ₹85 Cr) |
| Reserved for Market Maker | 2,25,000 shares Guiness Securities Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 42,75,000 shares (agg. up to ₹80 Cr) |
| Net Offered to Public | 42,75,000 shares (agg. up to ₹80 Cr) |
| Share Holding Pre Issue | 1,24,35,075 shares |
| Share Holding Post Issue | 1,69,35,075 shares |
| NSE Symbol | MMP |
| ISIN | INE511Y01018 |
MMP Industries IPO comprises a total issue size of 45,00,000 shares. The net offer to the public is 42,75,000 shares, after excluding 2,25,000 shares allotted on a firm basis. Of the Net offer 21,37,500 (50.00%) are allocated to QIB, 6,41,250 (15.00%) allocated to NII 14,96,250 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,37,500 | 50.00% | 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 | 15.00% | 14.25% |
| Retail Shares Offered | 14,96,250 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,25,000 | 5.00% | |
| Total Shares Offered | 45,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
MMP Industries IPO raises ₹24.11 crore from anchor investors. MMP Industries IPO Anchor bid date is March 27, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 27, 2018 |
| Shares Offered | 12,82,500 |
| Anchor Portion (₹ Cr.) | 24.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, May 9, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jul 8, 2018 |
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.
| 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 | 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 |
The MMP Industries IPO is subscribed 0.78 times on April 4, 2018 5:00:00 PM (Day 4). The public issue subscribed 0.66 times in the retail category, [.] times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.41 | 21,37,500 | 8,68,800 |
| Retail | 0.66 | 21,37,500 | 14,11,200 |
| Total | 0.78 | 42,75,000 | 33,41,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, printing and payment to other intermediaries such as Registrars, Bankers etc | 3.52 |
| 2 | Regulatory Fees and Other Expenses | 0.08 |
| 3 | Marketing and Advisory services | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹188.00 |
| Open | ₹190.00 |
| Low | ₹190.00 |
| High | ₹199.50 |
| Last Trade | ₹199.50 |
Lead Manager Reports
MMP Industries IPO is a SME IPO of 45,00,000 equity shares of the face value of ₹10 aggregating up to ₹85 Crores. The issue is priced at ₹188 per share. The minimum order quantity is 600.
The IPO opens on Wed, Mar 28, 2018, and closes on Wed, Apr 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 Wed, Mar 28, 2018 and closes on Wed, Apr 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 Tue, Apr 10, 2018. Check the MMP Industries IPO allotment status.
The MMP Industries IPO listing date is on Thu, Apr 12, 2018.
