Midfield Industries Ltd IPO (Midfield Industries IPO) Detail

Jul 19, 2010 - Jul 21, 2010

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 Promoters:

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.

Company Financials:

ParticularsFor the year/period ended (Rs. in Million)
31-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income843.91701.64521.16439.10262.91
Profit After Tax (PAT)59.0941.6018.6717.102.12

Objects of the Issue:

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; and
5. Achieve the benefits of listing on the Stock Exchange.

Midfield Industries IPO Details

IPO DateJul 19, 2010 - Jul 21, 2010
Issue TypeBook Built Issue IPO
Issue Size4,500,000 Eq Shares of ₹10
(aggregating up to ₹59.85 Cr)
Face Value₹10 Per Equity Share
IPO Price₹126 to ₹133 Per Equity Share
Market Lot50 Shares
Min Order Quantity50 Shares
Listing AtBSE

Midfield Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum150₹6,650
Maximum301500₹199,500

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.

Midfield Industries IPO Subscription Status (Bidding Detail)

Midfield Industries IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

2,250,000

675,000

1,575,000

4,500,000

Jul 21, 2010 17:00

1.86x

48.41x

13.51x

12.92x

Midfield Industries IPO Prospectus

Midfield Industries IPO Rating

225
4.0
Rating:Rated 4.0 stars

Vote Here ...

Midfield Industries IPO Listing Date

Listing DateWednesday, August 4, 2010
BSE Script Code533220
NSE Symbol
Listing InB
ISININE091K01010
IPO Price₹133 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹133.00
₹159.40
₹150.00
₹174.90
₹163.05
23,854,228

Midfield Industries IPO Reviews / Ratings

  • Motilal Oswal - Avoid

Company Contact Information

Midfield Industries Ltd
Plot No. 6, Phase IV Extn,
IDA Jeedimetla,
Hyderabad- 500055, Andhra Pradesh

Phone: +91 40 23098502
Email: ipo@midfieldindustries.com
Website: http://www.midfieldindustries.com

Midfield Industries IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Midfield Industries IPO FAQs

  1. 1. What is Midfield Industries IPO?

    Midfield Industries IPO is a main-board IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹59.85 Crores.

    The issue price of the IPO is ₹126 to ₹133 Per Equity Share. The minimum order quantity is 50 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Jul 19, 2010 and closes on Jul 21, 2010.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

  2. 2. When Midfield Industries IPO will open?

    The Midfield Industries IPO opens on Jul 19, 2010 and closes on Jul 21, 2010.

  3. 3. How to apply for Midfield Industries IPO?

    Midfield Industries IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Midfield Industries IPO allotment?

    The finalization of Basis of Allotment for Midfield Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Midfield Industries IPO allotment status.

  5. 5. When is Midfield Industries IPO listing date?

    The Midfield Industries IPO listing date is on Wednesday, August 4, 2010, at BSE.
  6. 6. What is the lot size of Midfield Industries IPO?

    Midfield Industries IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Midfield Industries IPO Review / Comments

kanhaiya
220. kanhaiya  Aug 20, 2010 18:14
wt is t future of midfield whether hold or exit?
pakkahindustani
219. pakkahindustani  Aug 20, 2010 14:41
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
newipoinvestor
218. newipoinvestor  Aug 12, 2010 13:13
@S A L M A : whats the latest news in midfield??
midfield
217. midfield  Aug 10, 2010 15:19
buy midfield target 275 in a week
salma ka balma
216. salma ka balma  Aug 9, 2010 17:54
salma 203
thanks for news how true you are love you
SAKET
215. SAKET  Aug 9, 2010 14:54
OPERATORS CAN MAKE ANYTHING POSSIBLE..............16 PERCENT JUMP.............HURREY
Ravinder Singh
214. Ravinder Singh  Aug 8, 2010 17:57
Any info abt the IPO. You should buy or not just msg me. I will reply...
Vinayak
213. Vinayak  Aug 8, 2010 12:58
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.
sreedhar
212. sreedhar  Aug 5, 2010 09:57
Dear Natarajan,
placed at market & got them at 158.Sold at 167.
K.K.Natarajan
211. K.K.Natarajan  Aug 5, 2010 06:02
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.
opi master
210. opi master  Aug 4, 2010 21:52
midfield 275 in a week
IPO IIM
209. IPO IIM  Aug 4, 2010 20:59
200+ in 2 Days.
PRINCE
208. PRINCE  Aug 4, 2010 13:12
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
IPO Invester
207. IPO Invester   Aug 4, 2010 12:13
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.
newipo
206. newipo  Aug 4, 2010 12:06
203 salma
as per your note i wait to 215
anand
205. anand  Aug 4, 2010 10:14
midfield had a good listing with 30% premium. i hope for the same listing in the SKS MICROFINANCE.
Priyanka
204. Priyanka  Aug 4, 2010 10:10
WOW !! Thanks Salma for information.
S A L M A
203. S A L M A  Aug 4, 2010 10:06

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
.
Priyanka
202. Priyanka  Aug 4, 2010 09:55
Hold on till 189-190 Volume is very high. Finger crossed till then.
Priyanka
201. Priyanka  Aug 4, 2010 09:50
Hold on till 180-190 Volume is high Finger crossed till then.






Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App