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Mishra Dhatu Nigam Limited IPO (Mishra Dhatu Nigam IPO) Detail

Mar 21, 2018 - Mar 23, 2018

Incorporated in 1973, Mishra Dhatu Nigam Ltd is Hyderabad based PSU engaged in the business of manufacturering of special steels, superalloys and titanium alloys in India. These high value products cater to niche sectors including defense, space and power. Company is Mini Ratna, Category-I company since 2009.

Mishra Dhatu Nigam manufactures:
1. Special steels like martensitic steel, ultra high strength steel, austenitic steel and precipitation hardening steel.
2. Three varieties of Superalloys - nickel base, iron base and cobalt base.
3. Titanium alloys.

Mishra Dhatu Nigam has a manufacturing facility in Hyderabad. Compant is in the process of setting up two new manufacturing facilities in Rohtak and Nellore. Company has an in-house research and development team comprising of 14 officers. Company has 836 employees.

Competitive Strengths
1. Only facility in India to carry out vacuum based melting and refining
2. Capability to manufacture wide range of advanced products
3. Research and development based technology development

Company Promoters:

The promoter of the company is the President of India acting through the Ministry of Defence, Government of India.

Objects of the Issue:

The objects of the Offer are:

1. to carry out the disinvestment of 46,835,000 Equity Shares by the Selling Shareholder
constituting 25% of Company's pre-Offer paid up Equity Share capital; and

2. to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

Issue Detail:

  »»  Issue Open: Mar 21, 2018 - Mar 23, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 48,708,400 Equity Shares of Rs 10 aggregating up to Rs 438.38 Cr
    ›  Offer for Sale of 48,708,400 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 87 - Rs 90 Per Equity Share
  »»  Market Lot: 150 Shares
  »»  Minimum Order Quantity: 150 Shares
  »»  Listing At: BSE, NSE

Retail Discount & Employee Discount

Mishra Dhatu Nigam is offering discount of Rs 3 per equity share on issue price to investors in retail and employee category

Peer comparison

Based on the EPS for the year ending March 31, 2017, P/E at the floor price is 12.91 times and at the Cap Price is 13.35 times. Since, there are no comparable listed companies in India engaged in the similar business, comparison with industry peers are not available.

Mishra Dhatu Nigam IPO Reviews / Recommendations:

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Mishra Dhatu Nigam IPO Subscription Status / Live Bidding Status

Mishra Dhatu Nigam IPO Subscription Status tells if Mishra Dhatu Nigam IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Mishra Dhatu Nigam IPO oversubscribed if bids are received for more shares than what is offered by the company.

Mishra Dhatu Nigam IPO - How Many Times Subscribed?
Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved23,417,5007,025,25016,392,2501,873,40048,708,400
Day 1 - Mar 21, 2018 16:30 IST0.45400.00200.10100.02900.2580
Day 2 - Mar 22, 2018 17:00 IST1.09300.00420.31700.11800.6351
Day 3 - Mar 23, 2018 19:30 IST1.96210.12730.72490.25611.2093

Mishra Dhatu Nigam IPO Prospectus

Mishra Dhatu Nigam IPO Rating

386
4.0
Rating:Rated 4.0 stars

Vote Here ...

Mishra Dhatu Nigam IPO Listing Date

  •   ›  Listing Date: Wednesday, April 4, 2018
  •   ›  BSE Script Code: 541195
  •   ›  NSE Symbol: MIDHANI
  •   ›  Listing In: B
  •   ›  ISIN: INE099Z01011
  •   ›  Issue Price: Rs 90 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 90.00
Rs 87.00
Rs 86.35
Rs 90.90
Rs 90.00
2,447,624
NSE
Rs 90.00
Rs 87.00
Rs 86.05
Rs 91.00
Rs 90.05
16,767,810

Mishra Dhatu Nigam IPO News Alerts

  1. Wednesday, April 4, 2018 12:00:00 AM
    Mishra Dhatu Nigam IPO Listing Date & Info
  2. Sunday, April 1, 2018 12:00:00 AM
    Mishra Dhatu Nigam IPO Allotment Status
  3. Friday, March 23, 2018 12:00:00 AM
    Mishra Dhatu Nigam IPO Closes on Mar 23, 2018
  4. Wednesday, March 21, 2018 12:00:00 AM
    Mishra Dhatu Nigam IPO Opens on Mar 21, 2018

Company Contact Information

Mishra Dhatu Nigam Limited
P.O. Kanchanbagh,
Hyderabad - 500 058

Phone: +91-040-24340853
Fax: + 91-040-24340214
Email: secretary@midhani.com
Website: http://www.midhani.com/

Mishra Dhatu Nigam IPO Registrar

Alankit Assignments Ltd   »  Report
   Alankit House 2E/21,
   Jhandewalan Extension,
   New Delhi - 110055

Phone: (011) 4254 1234
Fax: (011) 4254 1967
Email: midhani_ipo@alankit.com
Website: http://www.alankit.com

Mishra Dhatu Nigam IPO Lead Manager(s)

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Mishra Dhatu Nigam IPO Review / Comments

avatar
192. Mihir Kumar Mishra  May 19, 2018 11:59:06 AM IST I Like It. | Report Abuse
Sorry 5%
avatar
191. Mihir Kumar Mishra  May 19, 2018 11:58:29 AM IST I Like It. | Report Abuse
Can anybody explain the 55 circuit filter in place of 20% earlier ?
avatar
190. Mihir Kumar Mishra  May 19, 2018 11:51:50 AM IST I Like It. | Report Abuse
I feel investors from MIDHANI are going away to new IPO INDOSTAR.Once INDOSTAR gets stabilised MIDHANi will go up soon.
avatar
189. Justaninvestor  May 5, 2018 10:14:28 PM IST I Like It. | Report Abuse
Is this the price to buy
avatar
188. Best wishes  Apr 23, 2018 1:49:53 PM IST I Like It. 2 | Report Abuse
@ Aniketiaf sir,
I have bought Skm egg @ 82 as per your recommendation.
Today it is on 128. Can I hold or sell. Please advise.
avatar
188.3. Aniketiaf  Apr 26, 2018 3:36:15 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 3100+ Likes)
Skm egg is now @ 118.
avatar
188.4. Best wishes  May 4, 2018 2:43:59 PM IST I Like It. 1 | Report Abuse
@ Aniketiaf,
Aapne bacha liya.
Skm egg is fallen to 103 today.
Thanks for your on time suggestion.
avatar
187. Cautious ipo  Apr 19, 2018 10:41:34 AM IST I Like It. 1 | Report Abuse
4 consecutive upper circuit of 20 % , 20% , 10% , 10% . Mishra dhatu doung wonderful journey, soon cross 500/1000/1500/2000/2500.....5000....10000.this gems is non stoppable investors should sell his house and property, holdings and just bought midhani huge quantity , within next year , you will be able to buy villas near virat kohali flats.
avatar
187.14. Shareking The BuLLz EyE  May 10, 2018 2:42:58 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Tumhara suggestion follow karne wale road pe aa gaye honge
avatar
187.15. IPO super analyst  May 22, 2018 5:25:12 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Yea Virat kohli ka ghar key baju nahi DHARAVI mi zhopda lega..100%
avatar
186. JAGAN MOHAN VUPPALA  Apr 23, 2018 12:11:36 PM IST I Like It. | Report Abuse
I had buy Midhani 61 @175, but today it went down to 165 shall I sold or hold it? Any one give positive suggestion on this because I am new to this share market.
avatar
185. Baelish  Apr 22, 2018 9:26:32 AM IST I Like It. | Report Abuse
I have missed the bus, did not subscribed and did not noticed the price appreciation. Can any one suggest a good level to buy this stock?
avatar
184. DownriteVJ  Apr 20, 2018 3:44:48 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Being sarcastic :)
avatar
184.1. Ravi DD Patel  Apr 20, 2018 10:03:39 PM IST I Like It. | Report Abuse
What should I do now? Any expert advice??!!
Purchased 1200 @ 173
avatar
183. IPOANALYSIS  Apr 20, 2018 2:05:19 PM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Stock moving from weak hands to strong hands. once retailer exit it should start its uptrend again

my target is 500 rs in 2-3 years
avatar
182. IPOANALYSIS  Apr 19, 2018 9:49:33 AM IST I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
This psu has huge potential .will surpass gains of all IPO. This can very well exceed gains of dmart in long run.
avatar
182.1. Grandmaster  Apr 20, 2018 9:28:50 AM IST I Like It. | Report Abuse
Sir,
Your view on Jamna auto please. Is it the right time to enter..? It seems the valuation is on higher side..
avatar
181. finvision  Apr 19, 2018 11:56:27 AM IST I Like It. 2 | Report Abuse
dear senior investors
Hearty thanks on your advice's @midhani
allotted 600 shrs
sent msg to broker to sell 300 @108
somehow it didn't materialise
Holding it for lng term
Thanks to all advisors esp., ipoanalysis, shareking, patelji etc.,
for wonderful guidance
avatar
180. IPOANALYSIS  Apr 18, 2018 2:44:55 PM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Bharat dynamic and Hindustan aeronautics has huge potential as well and available very cheap. One can add these 2 stocks as portfolio stocks and long term gain
avatar
179. suheelan  Apr 18, 2018 2:21:38 PM IST I Like It. | Report Abuse
Any ruling party luminary smelling a scam in this IPO . Issued @ 90 now 153 loss of 63 per share .
avatar
178. IPOANALYSIS  Apr 18, 2018 12:40:20 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
2 news plants are opening soon in collaboration with Russia. The manufacture unit shutdown due to maintainenace opening this month only. Nbcc went on to become 15 times in 3 years. This stock has same potential. Keep holding this gem as it's a multibagger
avatar
178.1. Grandmaster  Apr 18, 2018 2:03:22 PM IST I Like It. | Report Abuse
Hats off sir..
avatar
177. dingu  Apr 18, 2018 1:28:20 PM IST I Like It. | Report Abuse
All were criticising LIC and other PSUs for investing in MIDHANI IPO. Now what they have to say? Will they buy LIC policy of not?
Even HAL will go past 2000 in next two years, available at 12 PE against Lockheed Martin (F16) at PE of 48, Boing at PE of 25 and Unistar at PE of 61.
avatar
176. IPOANALYSIS  Apr 17, 2018 2:34:15 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Price of alloy and Titanium alloy have started increasing in market. It has great benfit for this company
Company is going to post stellar results.

Keep adding this gem.
Also Hindustan aeronautics now is next in line. Buy Hindustan aeronautics as it should start rally soon
avatar
176.1. Karan Sen  Apr 17, 2018 2:49:24 PM IST I Like It. | Report Abuse
Company listed on April, in one of Chairman interview he said that the plant is down for maintenance for more than 6 months. How then can the Company post stellar results? Just curious.
avatar
176.2. IPOANALYSIS  Apr 17, 2018 3:09:37 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
The plant is opening this month. The results will be declared after some time which will be spectacular. Just wait and watch. Also, they are opening 2 new plants which will have added capacity.

Do you think price is rising anyway without any reason?

PSU which rise so sharply are going to keep going up. It has same price movement as in NBCC
Also when titanium price have increased the inventory they have will anyway give good profits.

So keep adding this gem and just wait for the excellent results it will post in a 1-2 month time
avatar
175. IPOANALYSIS  Apr 17, 2018 2:28:15 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
This should go down as one of the best performing IPO.
Remember other names which came with Ipo had tough allotment.
This one was confirmed allotment and the now about 60 pc up

it has just started. abhi toh pitchure baki hai mere dost.
avatar
174. Solution of Queries  Apr 17, 2018 10:27:07 AM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1300+ Likes)
More thn 60% return in 13 days.....great up journey

Disclaimer :- i have no holding of Midhani !!
avatar
173. IPOANALYSIS  Apr 16, 2018 10:23:16 AM IST I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
excellent play and one of the best companies to keep in your portfolio.
it has no competitor and manufacture special alloys.
this one will be bought up by HNI as very low shares available in market.

Long term investors keep holding as you will see much higher value in time to come.
avatar
173.1. Karan Sen  Apr 16, 2018 1:20:23 PM IST I Like It. | Report Abuse
Two upper circuits in a row, is it normal?
avatar
173.2. IPOANALYSIS  Apr 16, 2018 2:16:04 PM IST I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
fantastic performance

offcourse it is still very cheap. when you know in 1 year it will cross a price of 250 rs it has to go up an up.

these type of psu make you very rich if you hold for many years. As per my previous message after NBCC i am very positive on this company.

Now, Mindhani si one of the best performing IPO in recent time.

Do remember it has full allotment to people who applied in IPO that means it has surpassed every new IPO in terms of gains.

Stupendous, Fantastic, Excellent

Keep holding this gem in your portfolio stocks and dont look for years

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