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Incorporated in 1991, Midfield Industries Ltd is a leading manufacturers of steel strapping systems and providers of packaging solutions. Midfield provide packaging consumables like high tensile steel strapping in various dimensions and strengths, Different Seals for different applications, Collated Nails & Corner boards being used for general and the end of line packaging of goods by varied industries. Currently, the company caters to companies across wide spectrum of industries like steel, aluminium, glass, copper, paper, automobile, white goods and refractory etc. Steel Strappings of Midfield are of two grades, Supreme and Mega Supreme. Supreme Steel Strapping is made of low carbon, low manganese cold rolled steel. Mega Supreme Steel Strapping is made of medium carbon, high-manganese cold rolled steel. Supreme is designed for low duty packaging applications, where as, Mega Supreme is designed for heavy-duty applications.
Company's Promoters are:1. Mr. M. Madhu Mohan Reddy, 51, years, is a Bachelor of Commerce from Sri Venkateswara University, Tirupati and Master in Business Administration from Andhra University.2. Mrs. M Supraja, 49 years, is wife of Mr. M Madhu Mohan Reddy.
| Particulars | For the year/period ended (Rs. in Million) |
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 |
| Total Income | 843.91 | 701.64 | 521.16 | 439.10 | 262.91 |
| Profit After Tax (PAT) | 59.09 | 41.60 | 18.67 | 17.10 | 2.12 |
The objects of the issue are:1. Expansion of capacities at the existing plants;2. Setting up new facilities;3. Augmenting long term working capital requirement of the Company;4. General Corporate Purposes; and5. Achieve the benefits of listing on the Stock Exchange.
»» Issue Open: Jul 19, 2010 - Jul 21, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 4,500,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 59.85 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 126 - Rs. 133 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE
Midfield Industries Ltd IPO Grading / Rating
Brickwork Ratings (BWR) has assigned an IPO Grade 2 to Midfield Industries Ltd IPO. This means as per Brickwork Ratings company has 'Below Average Fundamentals'. Brickwork Ratings assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Brickwork IPO Grading Document for Midfield Industries Ltd.
Check IPO Ratings from other stock analysts.
Midfield Industries IPO Tags:
Midfield Industries IPO, Midfield Industries Ltd IPO, Midfield Industries Bidding, Midfield Industries IPO Allotment Status, Midfield Industries drhp and Midfield Industries Ltd IPO listing.
| Number of Times Issue is Subscribed (BSE + NSE) | | As on Date & Time | Qualified Institutional Buyers (QIBs) | Non Institutional Investors | Retail Individual Investors (RIIs) | Total | | Shares Offered / Reserved | 2,250,000 | 675,000 | 1,575,000 | 4,500,000 | | Day 1 - Jul 19, 2010 17:00 IST | 0.6200 | 9.2700 | 0.5600 | 1.9000 | | Day 2 - Jul 20, 2010 17:00 IST | 0.6900 | 9.5100 | 1.3900 | 2.2600 | | Day 3 - Jul 21, 2010 17:00 IST | 1.8600 | 48.4100 | 13.5100 | 12.9200 |
Midfield Industries Ltd IPO Alerts
1. Tuesday, August 03, 2010 10:06:05 AM
2. Saturday, July 31, 2010 1:53:35 AM
3. Wednesday, July 21, 2010 9:44:05 AM
4. Monday, July 19, 2010 7:53:43 AM
5. Wednesday, July 14, 2010 10:55:24 PM
IPO Rating
Rating: |
IPO Listing Detail
| Listing Date: | Wednesday, August 04, 2010 |
| BSE Scrip Code: | 533220 |
| NSE Symbol: | |
| Listing In: | 'B' Group of Securities |
| Sector: | Steel |
| ISIN: | INE091K01010 |
| Issue Price: | Rs. 133.00 Per Equity Share |
| Face Value: | Rs. 10.00 Per Equity Share |
Listing Day Trading Information
| BSE |
| Issue Price: | Rs. 133.00 |
| Open: | Rs. 159.40 |
| Low: | Rs. 150.00 |
| High: | Rs. 174.90 |
| Last Trade: | Rs. 163.05 |
| Volume: | 23,854,228 |
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Midfield Industries Ltd IPO Links
Book Running Lead Manager(s)
Midfield Industries Ltd IPO Message Board
| Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff. |
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| 220. kanhaiya Aug 20, 2010 6:14:06 PM IST Report Spam! |
| wt is t future of midfield whether hold or exit? |
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| 219. pakkahindustani Aug 20, 2010 2:41:51 PM IST Report Spam! |
| Just like Aster silicates, it is operator stock. After touching 230, now it has trapped retail investors and itsdownfall has beun. Beware of such stock, go only by fundamentals, you might make less profit but once you fall in greed, you are bound to get into heavy losses in such types of stock |
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| 218. newipoinvestor Aug 12, 2010 1:13:14 PM IST Report Spam! |
| @S A L M A : whats the latest news in midfield?? |
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| 217. midfield Aug 10, 2010 3:19:01 PM IST Report Spam! |
| buy midfield target 275 in a week |
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| 216. salma ka balma Aug 09, 2010 5:54:50 PM IST Report Spam! |
salma 203
thanks for news how true you are love you |
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| 215. SAKET Aug 09, 2010 2:54:53 PM IST Report Spam! |
| OPERATORS CAN MAKE ANYTHING POSSIBLE..............16 PERCENT JUMP.............HURREY |
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| 214. Ravinder Singh Aug 08, 2010 5:57:52 PM IST Report Spam! |
| Any info abt the IPO. You should buy or not just msg me. I will reply... |
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| 213. Vinayak Aug 08, 2010 12:58:41 PM IST Report Spam! |
dear can any one of u could confirm allotment of SKS .....
i have subcribed for only 1 lot..... is there any guarantee to get the stock at ipo price????
waiting to have your feedback pls. |
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| 212. sreedhar Aug 05, 2010 9:57:40 AM IST Report Spam! |
Dear Natarajan,
placed at market & got them at 158.Sold at 167. |
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| 211. K.K.Natarajan Aug 05, 2010 6:02:35 AM IST Report Spam! |
Dear Sreedhar,
Did you trade midfield? I placed an order to buy some at 153 and also at 155, but I did not get. As I was told I could get it only at 160, I did not buy. In the hindsight I thought if I had bought at 160 I could have sold at 170 odd and could have booked some profits. But we can say that only in the hindsight, but not in the real situation, as we do not know what will be the next move. Among the 57 allotted to me I sold 17 at 167 and put a target of 175 for the rest which was not achieved. I will try to sell them today. |
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| 210. opi master Aug 04, 2010 9:52:20 PM IST Report Spam! |
| midfield 275 in a week |
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| 209. IPO IIM Aug 04, 2010 8:59:35 PM IST Report Spam! |
| 200+ in 2 Days. |
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| 208. PRINCE Aug 04, 2010 1:12:09 PM IST Report Spam! |
HI,PRIYANKA
MAINE MIDFIELD IND ME 165 OR 167.40 ME HI EXIT KIYE HAI MERE HISAB SE YEH RATE EXIT KE LIYE ACHHA HAI .....
AUR TERE PASS KOI INTERNAL NEWS HAI TOBHI 50% TO PROFIT BOOK KARNA CHAHIYE.......
PRINCEEEEEEEEEEEEEEEEEEEEEEEEE |
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| 207. IPO Invester Aug 04, 2010 12:13:47 PM IST Report Spam! |
| As per Ahmedabad information operators suggested to exit the stock till 164 to 172 level as i have totally exited the midfield stock than there is no guarantee for the stock. |
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| 206. newipo Aug 04, 2010 12:06:06 PM IST Report Spam! |
203 salma
as per your note i wait to 215 |
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| 205. anand Aug 04, 2010 10:14:46 AM IST Report Spam! |
| midfield had a good listing with 30% premium. i hope for the same listing in the SKS MICROFINANCE. |
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| 204. Priyanka Aug 04, 2010 10:10:26 AM IST Report Spam! |
| WOW !! Thanks Salma for information. |
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| 203. S A L M A Aug 04, 2010 10:06:16 AM IST Report Spam! |
I N T E R N A L - N E W S
IT IS OPERATOR BASED
IT MAY GO UPTO Rs.215
DON'T SELL HOLD
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| 202. Priyanka Aug 04, 2010 9:55:44 AM IST Report Spam! |
| Hold on till 189-190 Volume is very high. Finger crossed till then. |
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| 201. Priyanka Aug 04, 2010 9:50:11 AM IST Report Spam! |
| Hold on till 180-190 Volume is high Finger crossed till then. |
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