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.
Arun Bhandari is the Promoter of the Company. He holds 46,39,641 Equity Shares equivalent to 37.31% of the pre-issue, subscribed and paid-up Equity Share Capital of the Company.
The objects of the Net Proceeds of the Issue are:
1. Setting up a new facility for manufacturing of Atomised Aluminium Powder, Pyro and flake Aluminium Powder and Aluminium Foils
2. Prepayment or repayment of a portion of loan facilities availed by the Company
3. General Corporate Purposes
»» Issue Open: Mar 28, 2018 - Apr 4, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size: 4,500,000 Equity Shares of Rs 10 aggregating up to Rs 84.60 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 186 - Rs 188 Per Equity Share
»» Market Lot: 600 Shares
»» Minimum Order Quantity: 600 Shares
»» Listing At: NSE SME
MMP Industries IPO Subscription Status tells if MMP Industries IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. MMP Industries IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||2,137,500||2,137,500||225,000||4,500,000|
|Day 1 - Mar 28, 2018 17:00 IST||0||235,200||16,800||-||252,000|
|Day 2 - Apr 2, 2018 17:00 IST||0||246,600||94,200||-||340,800|
|Day 3 - Apr 3, 2018 17:00 IST||0||289,200||342,600||-||631,800|
|Day 4 - Apr 4, 2018 17:00 IST||1,061,400||868,800||1,411,200||-||3,341,400|
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