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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 Opening Date Jul 19, 2010
IPO Closing Date Jul 21, 2010
Issue Type Book Built Issue IPO
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
Issue Size4,500,000 Eq Shares of ₹10
(aggregating up to ₹59.85 Cr)

Midfield Industries IPO Lot Size

The Midfield Industries IPO market lot size is 50 shares. A retail-individual investor can apply for up to 30 lots (1500 shares or ₹199,500).

Application Lots Shares Amount (Cut-off)
Minimum 1 50 ₹6,650
Maximum 30 1500 ₹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.

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)

The Midfield Industries IPO is subscribed 12.92 times on 7/21/2010 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)
QIB1.86
NII48.41
Retail13.51
Total12.92

Midfield Industries IPO Prospectus

Midfield Industries IPO Rating

225
4.0
Rating:Rated 4.0 stars
Vote Here ...

Midfield Industries IPO Listing Date

Listing Date Wednesday, August 4, 2010
BSE Script Code 533220
NSE Symbol
Listing In B Group of Securities
ISIN INE091K01010
IPO Price ₹133 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹133.00
₹159.40
₹150.00
₹174.90
₹163.05

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

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

Midfield Industries IPO Reviews / Ratings

  • Motilal Oswal - Avoid

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 equity share. The minimum order quantity is 50 Shares.

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 lot size is 50 Shares and the minimum order quantity is 50 Shares.

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, Edelweiss, 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 Wednesday, August 4, 2010.

Midfield Industries IPO Message Board

Ranked Members  Ranked Members

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220 Comments

220. kanhaiya |Aug 20, 2010 7:14:06 PM
wt is t future of midfield whether hold or exit?
219. pakkahindustani |Aug 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 |Aug 12, 2010 2:13:14 PM
@S A L M A : whats the latest news in midfield??
217. midfield |Aug 10, 2010 4:19:01 PM
buy midfield target 275 in a week
216. salma ka balma |Aug 9, 2010 6:54:50 PM
salma 203
thanks for news how true you are love you
215. SAKET |Aug 9, 2010 3:54:53 PM
OPERATORS CAN MAKE ANYTHING POSSIBLE..............16 PERCENT JUMP.............HURREY
214. Ravinder Singh |Aug 8, 2010 6:57:52 PM
Any info abt the IPO. You should buy or not just msg me. I will reply...
213. Vinayak |Aug 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 |Aug 5, 2010 10:57:40 AM
Dear Natarajan,
placed at market & got them at 158.Sold at 167.
211. K.K.Natarajan |Aug 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 |Aug 4, 2010 10:52:20 PM
midfield 275 in a week
209. IPO IIM |Aug 4, 2010 9:59:35 PM
200+ in 2 Days.
208. PRINCE |Aug 4, 2010 2:12:09 PM
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
207. IPO Invester |Aug 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 |Aug 4, 2010 1:06:06 PM
203 salma
as per your note i wait to 215
205. anand |Aug 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 |Aug 4, 2010 11:10:26 AM
WOW !! Thanks Salma for information.
203. S A L M A |Aug 4, 2010 11:06:16 AM

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