M D Inducto Cast Ltd IPO (MD Inducto Cast IPO) Detail

Jun 30, 2015 - Jul 2, 2015

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.

Company Promoters:

The promoters of the company are:

1. Nikhil Gupta
2. Sahil Gupta

Objects of the Issue:

The objects of the Issue are:

1. Working capital requirements
2. Issue expenses

MD Inducto Cast IPO Details

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 Size6,384,000 Eq Shares of ₹10
(aggregating up to ₹17.24 Cr)

MD Inducto Cast IPO Lot Size

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

MD Inducto Cast IPO Prospectus

MD Inducto Cast IPO Rating

Rating:Rated 3.8 stars
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MD Inducto Cast IPO Listing Date

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

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

M D Inducto Cast Ltd
M.D. House, Plot no. 2715/A,
Near Central Salt, Waghawadi Road,
Bhavnagar - 364001. Gujarat
Phone: +91 278 2570133

MD Inducto Cast IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

MD Inducto Cast IPO Reviews / Ratings

MD Inducto Cast IPO FAQs

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.

The MD Inducto Cast IPO listing date is on Thursday, July 16, 2015.

MD Inducto Cast IPO Message Board

Ranked Members  Ranked Members

1. Peter Mark |Jul 23, 2015 01:50

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.