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Incorporated in 2010, M D Inducto Cast Ltd is engaged in manufacturing of superior quality TMT bars and billets that are sold under the brand name Rudra TMX.
M D Inducto Cast Ltd (MDIC) is the flagship company of M D Group, engaged in various businesses like Ship Recycling, Oxygen Plant, Induction Furnace, Re-rolling mill, producing more than 1.5 Lakh MT per annum of steel, with a group turnover of around Rs. 600 crore per annum. At present they have an installed production capacity of 1,20,000 MT p.a. both for billets and TMT bars. Famous actor and politician Paresh Rawal is the brand ambassador of MDIC's products.
In addition to manufacturing their own products, they have also recently introduced franchise model of business in their operations. At present, they have contracted with 5 parties who manufacture and sell goods under brand name "Rudra TMX". Company has around 25 direct dealers and 5 distributors who cater to around 450 dealers, undertaking sales and distribution of products. They also serve to some few large industrial houses directly.
The promoters of the company are:
1. Nikhil Gupta
2. Sahil Gupta
The objects of the Issue are:
1. Working capital requirements
2. Issue expenses
| IPO Opening Date | Jun 30, 2015 |
| IPO Closing Date | Jul 2, 2015 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹27 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | 6,384,000 Eq Shares of ₹10 (aggregating up to ₹17.24 Cr) |
The MD Inducto Cast IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108,000 |
| Maximum | 1 | 4000 | ₹108,000 |
| Listing Date | Thursday, July 16, 2015 |
| BSE Script Code | 539226 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE027T01015 |
| IPO Price | ₹27 per equity share |
| Face Value | ₹10 per equity share |
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M D Inducto Cast Ltd
M.D. House, Plot no. 2715/A,
Near Central Salt, Waghawadi Road,
Bhavnagar - 364001. Gujarat
Phone: +91 278 2570133
Email: info@mdgroup.in
Website: http://www.rudratxt.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: mdgroup.ipo@karvy.com
Website: https://karisma.kfintech.com/
MD Inducto Cast IPO is a SME IPO of 6,384,000 equity shares of the face value of ₹10 aggregating up to ₹17.24 Crores. The issue is priced at ₹27 per equity share. The minimum order quantity is 4000 Shares.
The IPO opens on Jun 30, 2015, and closes on Jul 2, 2015.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The MD Inducto Cast IPO opens on Jun 30, 2015 and closes on Jul 2, 2015.
MD Inducto Cast IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
You can apply in MD Inducto Cast IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MD Inducto Cast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MD Inducto Cast IPO allotment status.
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I have applied MD Inducto Cast through Online SBI - ASBA with my ICIC Demat account details. I was allocated and credited into my icicidirect. I inquired with ICICI customer care and they told me that this share is not listed on BSE exchange and cannot trade. I am able to see this share listing in BSE exchange on July 16th. Could anyone help me out how to trade this BSE SME share in ICICI direct.
Regards,
Rakesh