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Midfield Industries Ltd IPO (Midfield Industries IPO) Detail

July 19, 2010 - July 21, 2010

Midfield Industries IPO is a book built issue of Rs 59.85 crores.

Midfield Industries IPO bidding started from July 19, 2010 and ended on July 21, 2010. The shares got listed on BSE on August 4, 2010.

Midfield Industries IPO price band is set at ₹126 to ₹133 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,650.

Atherstone Capital Markets Limited is the book running lead manager of the Midfield Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Midfield Industries IPO RHP for detailed information.

Midfield Industries IPO Details

IPO Date July 19, 2010 to July 21, 2010
Listing Date August 4, 2010
Face Value ₹10 per share
Price Band ₹126 to ₹133 per share
Lot Size 50 Shares
Total Issue Size4,500,000 shares
(aggregating up to ₹59.85 Cr)
Issue Type Book Built Issue IPO
Listing At BSE

Midfield Industries IPO Reservation

Midfield Industries IPO offers 4,500,000 shares. 2,250,000 (50.00%) to QIB, 675,000 (15.00%) to NII, 1,575,000 (35.00%) to RII. 31,500 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,550 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,250,000 (50.00%)NA
NII (HNI) Shares Offered675,000 (15.00%)
Retail Shares Offered1,575,000 (35.00%)31,500
Total Shares Offered4,500,000 (100%)

Midfield Industries IPO Lot Size

Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 50 ₹6,650
Retail (Max) 30 1500 ₹199,500
Lot Size Calculator

About Midfield Industries Ltd

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 Financials

ParticularsFor the year/period ended (Rs. in Million)
Total Income843.91701.64521.16439.10262.91
Profit After Tax (PAT)59.0941.6018.6717.102.12

Objects of the Issue (Midfield Industries IPO Objectives)

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 Subscription Status (Bidding Detail)

The Midfield Industries IPO is subscribed 12.92 times on July 21, 2010 5:00:00 PM. The public issue subscribed 13.51 times in the retail category, 1.86 times in the QIB category, and 48.41 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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.

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 Prospectus

Midfield Industries IPO Rating

Rating:Rated 4.0 stars
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Midfield Industries IPO Listing Details

Listing Date August 4, 2010
BSE Script Code 533220
NSE Symbol
ISIN INE091K01010
Final Issue Price ₹133 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Midfield Industries Ltd Contact Details

Midfield Industries Ltd
Plot No. 6, Phase IV Extn,
IDA Jeedimetla,
Hyderabad- 500055, Andhra Pradesh
Phone: +91 40 23098502

Midfield Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Midfield Industries IPO - Buy or Not

Midfield Industries IPO Recommendation Summary

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Members 0 0 0

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Midfield Industries IPO FAQs

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 is priced at ₹126 to ₹133 per share. The minimum order quantity is 50 Shares.

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

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

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

Midfield Industries IPO lot size is 50 Shares, and the minimum amount required is ₹6,650.

You can apply in Midfield Industries 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Midfield Industries IPO listing date is on August 4, 2010.
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Midfield Industries IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



220. kanhaiya |   Link |  Bookmark |August 20, 2010 7:14:06 PM
wt is t future of midfield whether hold or exit?
219. pakkahindustani |   Link |  Bookmark |August 20, 2010 3:41:51 PM
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
218. newipoinvestor |   Link |  Bookmark |August 12, 2010 2:13:14 PM
@S A L M A : whats the latest news in midfield??
217. midfield |   Link |  Bookmark |August 10, 2010 4:19:01 PM
buy midfield target 275 in a week
216. salma ka balma |   Link |  Bookmark |August 9, 2010 6:54:50 PM
salma 203
thanks for news how true you are love you
215. SAKET |   Link |  Bookmark |August 9, 2010 3:54:53 PM
214. Ravinder Singh |   Link |  Bookmark |August 8, 2010 6:57:52 PM
Any info abt the IPO. You should buy or not just msg me. I will reply...
213. Vinayak |   Link |  Bookmark |August 8, 2010 1:58:41 PM
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.
212. sreedhar |   Link |  Bookmark |August 5, 2010 10:57:40 AM
Dear Natarajan,
placed at market & got them at 158.Sold at 167.
211. K.K.Natarajan |   Link |  Bookmark |August 5, 2010 7:02:35 AM
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.
210. opi master |   Link |  Bookmark |August 4, 2010 10:52:20 PM
midfield 275 in a week
209. IPO IIM |   Link |  Bookmark |August 4, 2010 9:59:35 PM
200+ in 2 Days.
208. PRINCE |   Link |  Bookmark |August 4, 2010 2:12:09 PM


207. IPO Invester |   Link |  Bookmark |August 4, 2010 1:13:47 PM
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.
206. newipo |   Link |  Bookmark |August 4, 2010 1:06:06 PM
203 salma
as per your note i wait to 215
205. anand |   Link |  Bookmark |August 4, 2010 11:14:46 AM
midfield had a good listing with 30% premium. i hope for the same listing in the SKS MICROFINANCE.
204. Priyanka |   Link |  Bookmark |August 4, 2010 11:10:26 AM
WOW !! Thanks Salma for information.
203. S A L M A |   Link |  Bookmark |August 4, 2010 11:06:16 AM

I N T E R N A L - N E W S



202. Priyanka |   Link |  Bookmark |August 4, 2010 10:55:44 AM
Hold on till 189-190 Volume is very high. Finger crossed till then.
201. Priyanka |   Link |  Bookmark |August 4, 2010 10:50:11 AM
Hold on till 180-190 Volume is high Finger crossed till then.