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'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.
| Particulars | For the year/period ended (Rs. in Million) | ||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 843.91 | 701.64 | 521.16 | 439.10 | 262.91 |
| Profit After Tax (PAT) | 59.09 | 41.60 | 18.67 | 17.10 | 2.12 |
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.
| IPO Date | Jul 19, 2010 - Jul 21, 2010 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4,500,000 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 Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 50 | ₹6,650 |
| Maximum | 30 | 1500 | ₹199,500 |
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, Midfield Industries Ltd IPO, Midfield Industries Bidding, Midfield Industries IPO Allotment Status, Midfield Industries drhp and Midfield Industries Ltd IPO listing.
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 |
| Listing Date | Wednesday, August 4, 2010 |
| BSE Script Code | 533220 |
| NSE Symbol | |
| Listing In | B |
| ISIN | INE091K01010 |
| IPO Price | ₹133 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
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 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.
The Midfield Industries IPO opens on Jul 19, 2010 and closes on Jul 21, 2010.
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.
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.
Midfield Industries IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
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