Mishra Dhatu Nigam Limited IPO (Mishra Dhatu Nigam IPO) Detail

Mar 21, 2018 - Mar 23, 2018

Incorporated in 1973, Mishra Dhatu Nigam Ltd is Hyderabad based PSU engaged in the business of manufacturering of special steels, superalloys and titanium alloys in India. These high value products cater to niche sectors including defense, space and power. Company is Mini Ratna, Category-I company since 2009.

Mishra Dhatu Nigam manufactures:
1. Special steels like martensitic steel, ultra high strength steel, austenitic steel and precipitation hardening steel.
2. Three varieties of Superalloys - nickel base, iron base and cobalt base.
3. Titanium alloys.

Mishra Dhatu Nigam has a manufacturing facility in Hyderabad. Compant is in the process of setting up two new manufacturing facilities in Rohtak and Nellore. Company has an in-house research and development team comprising of 14 officers. Company has 836 employees.

Competitive Strengths
1. Only facility in India to carry out vacuum based melting and refining
2. Capability to manufacture wide range of advanced products
3. Research and development based technology development

Company Promoters:

The promoter of the company is the President of India acting through the Ministry of Defence, Government of India.

Objects of the Issue:

The objects of the Offer are:

1. to carry out the disinvestment of 46,835,000 Equity Shares by the Selling Shareholder
constituting 25% of Company's pre-Offer paid up Equity Share capital; and

2. to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

Mishra Dhatu Nigam IPO Details

Issue Open	Mar 21, 2018 - Mar 23, 2018
Issue Type	Book Built Issue IPO
Issue Size	48,708,400 Eq Shares of Rs 10 (aggregating up to Rs 438.38 Cr)
Offer for Sale	48,708,400 Eq Shares of Rs 10 (aggregating up to Rs [.] Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 87 - Rs 90 Per Equity Share
Retail Discount	₹3 per share
Employee Discount	₹3 per share
Market Lot	150 Shares
Min Order Quantity	150 Shares
Listing At	BSE, NSE

Mishra Dhatu Nigam IPO Tentative Date / Timetable

Bid/Offer Opens On	Mar 21, 2018
Bid/Offer Closes On	Mar 23, 2018
Finalisation of Basis of Allotment	Mar 28, 2018
Initiation of Refunds	Apr 2, 2018
Credit of Shares to Demat Acct:	Apr 3, 2018
IPO Shares Listing Date:	Apr 4, 2018

Peer comparison

Based on the EPS for the year ending March 31, 2017, P/E at the floor price is 12.91 times and at the Cap Price is 13.35 times. Since, there are no comparable listed companies in India engaged in the similar business, comparison with industry peers are not available.

Mishra Dhatu Nigam IPO Subscription Status (Bidding Detail)

Mishra Dhatu Nigam IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Total
Shares Offered	23,417,500	7,025,250	16,392,250	1,873,400	48,708,400
Mar 23, 2018 19:30	1.96x	0.13x	0.72x	0.26x	1.21x

Mishra Dhatu Nigam IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Mishra Dhatu Nigam IPO Rating

386

4.0

Rating:

Vote Here ...

Mishra Dhatu Nigam IPO Listing Date

› Listing Date: Wednesday, April 4, 2018
› BSE Script Code: 541195
› NSE Symbol: MIDHANI
› Listing In: B
› ISIN: INE099Z01011
› Issue Price: Rs 90 Per Equity Share
› Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE
Rs 90.00
Rs 87.00
Rs 86.35
Rs 90.90
Rs 90.00
2,447,624

NSE
Rs 90.00
Rs 87.00
Rs 86.05
Rs 91.00
Rs 90.05
16,767,810

Mishra Dhatu Nigam IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term
Capital Market Review
HEM Securities - Avoid.
ICICIdirect - Avoid
Prabhudas - Subscribe
Mehta Equities - Subscribe

Company Contact Information

Mishra Dhatu Nigam Limited
P.O. Kanchanbagh,
Hyderabad - 500 058

Phone: +91-040-24340853
Email: secretary@midhani.com
Website: http://www.midhani.com/

Mishra Dhatu Nigam IPO Registrar

Alankit Assignments Ltd
   Alankit House 2E/21,
   Jhandewalan Extension,
   New Delhi - 110055

Phone: (011) 4254 1234
Email: midhani_ipo@alankit.com
Website: https://www.alankit.com/

Mishra Dhatu Nigam IPO Lead Manager(s)

Lead Manager Reports

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Useful Articles

Mishra Dhatu Nigam IPO Review / Comments

192. Mihir Kumar Mishra May 19, 2018 11:59

Sorry 5%

191. Mihir Kumar Mishra May 19, 2018 11:58

Can anybody explain the 55 circuit filter in place of 20% earlier ?

190. Mihir Kumar Mishra May 19, 2018 11:51

I feel investors from MIDHANI are going away to new IPO INDOSTAR.Once INDOSTAR gets stabilised MIDHANi will go up soon.

189. Justaninvestor May 5, 2018 22:14

Is this the price to buy

188. Best wishes Apr 23, 2018 13:49

2 |

@ Aniketiaf sir,
I have bought Skm egg @ 82 as per your recommendation.
Today it is on 128. Can I hold or sell. Please advise.

Load more comments (2 replies)

188.3. Aniketiaf Apr 26, 2018 15:36

IPO Mentor (800+ Posts, 4600+ Likes)

Skm egg is now @ 118.

188.4. Best wishes May 4, 2018 14:43

1 |

@ Aniketiaf,
Aapne bacha liya.
Skm egg is fallen to 103 today.
Thanks for your on time suggestion.

187. Cautious ipo Apr 19, 2018 10:41

1 |

4 consecutive upper circuit of 20 % , 20% , 10% , 10% . Mishra dhatu doung wonderful journey, soon cross 500/1000/1500/2000/2500.....5000....10000.this gems is non stoppable investors should sell his house and property, holdings and just bought midhani huge quantity , within next year , you will be able to buy villas near virat kohali flats.

Load more comments (13 replies)

187.1. Shareking The BuLLz EyE Apr 19, 2018 11:09

1 |

Top Contributor (400+ Posts, 600+ Likes)

hahaha.. who is this

187.2. Cautious ipo Apr 19, 2018 11:19

Meet me here next year to know about

187.3. Solution of Queries Apr 19, 2018 14:04

2 |

IPO Guru (1100+ Posts, 1400+ Likes)

Jyda bde target ho gye Cautions ji

with risk of property & house ,,,,hahahaha !!

187.4. Shareking The BuLLz EyE Apr 19, 2018 15:20

Top Contributor (400+ Posts, 600+ Likes)

@Cautious IPO,
just a suggestion, Never ever do this what you have mentioned

187.5. Cautious ipo Apr 19, 2018 19:49

Shareking , nothing wrong in selling house at 15 lakh to invest in midhani to make quick 15 crores in 1 or 2 years time as its double just in a week.and all chance here to multiply till year end .

187.6. Cautious ipo Apr 20, 2018 09:21

UC of this jems continue 5 th day ..

187.7. Shareking The BuLLz EyE Apr 20, 2018 10:37

2 |

Top Contributor (400+ Posts, 600+ Likes)

Investment/trading in stock market should always be done with additional money you have,

Ghar bechoge to road pe aa jaoge

187.8. Cautious ipo Apr 20, 2018 10:49

Many investors seems sold their extra houses and enter midhani at 174 .goodluck for them wishing they exit near 1000 rs sooner then expected.

187.9. Shareking The BuLLz EyE Apr 20, 2018 14:11

1 |

Top Contributor (400+ Posts, 600+ Likes)

who sold his house?

187.10. DownriteVJ Apr 23, 2018 13:02

IPO Guru (1100+ Posts, 1000+ Likes)

Being sarcastic :)

187.11. JAGAN MOHAN VUPPALA Apr 23, 2018 18:24

Sir today it went down to @162 and moreover there is no buyers to buy the Midhani. Is there ant particular reason for going down.

187.12. Ghanshyam Kumawat Apr 24, 2018 14:40

Bad luck, when I buy any stock lower circuits starts i.e. Vakrangee, MIDHANI.....

187.13. Shareking The BuLLz EyE Apr 27, 2018 15:33

1 |

Top Contributor (400+ Posts, 600+ Likes)

investors get trapped due to such faltu log

187.14. Shareking The BuLLz EyE May 10, 2018 14:42

2 |

Top Contributor (400+ Posts, 600+ Likes)

Tumhara suggestion follow karne wale road pe aa gaye honge

187.15. IPO super analyst May 22, 2018 17:25

Top Contributor (400+ Posts, 400+ Likes)

Yea Virat kohli ka ghar key baju nahi DHARAVI mi zhopda lega..100%

186. JAGAN MOHAN VUPPALA Apr 23, 2018 12:11

I had buy Midhani 61 @175, but today it went down to 165 shall I sold or hold it? Any one give positive suggestion on this because I am new to this share market.

185. Baelish Apr 22, 2018 09:26

I have missed the bus, did not subscribed and did not noticed the price appreciation. Can any one suggest a good level to buy this stock?

184. DownriteVJ Apr 20, 2018 15:44

IPO Guru (1100+ Posts, 1000+ Likes)

Being sarcastic :)

184.1. Ravi DD Patel Apr 20, 2018 22:03

What should I do now? Any expert advice??!!
Purchased 1200 @ 173

183. IPOANALYSIS Apr 20, 2018 14:05

3 |

Stock moving from weak hands to strong hands. once retailer exit it should start its uptrend again

my target is 500 rs in 2-3 years

182. IPOANALYSIS Apr 19, 2018 09:49

4 |

This psu has huge potential .will surpass gains of all IPO. This can very well exceed gains of dmart in long run.

182.1. Grandmaster Apr 20, 2018 09:28

Sir,
Your view on Jamna auto please. Is it the right time to enter..? It seems the valuation is on higher side..

181. finvision Apr 19, 2018 11:56

2 |

dear senior investors
Hearty thanks on your advice's @midhani
allotted 600 shrs
sent msg to broker to sell 300 @108
somehow it didn't materialise
Holding it for lng term
Thanks to all advisors esp., ipoanalysis, shareking, patelji etc.,
for wonderful guidance

180. IPOANALYSIS Apr 18, 2018 14:44

3 |

Bharat dynamic and Hindustan aeronautics has huge potential as well and available very cheap. One can add these 2 stocks as portfolio stocks and long term gain

179. suheelan Apr 18, 2018 14:21

Any ruling party luminary smelling a scam in this IPO . Issued @ 90 now 153 loss of 63 per share .

178. IPOANALYSIS Apr 18, 2018 12:40

1 |

2 news plants are opening soon in collaboration with Russia. The manufacture unit shutdown due to maintainenace opening this month only. Nbcc went on to become 15 times in 3 years. This stock has same potential. Keep holding this gem as it's a multibagger

178.1. Grandmaster Apr 18, 2018 14:03

Hats off sir..

177. dingu Apr 18, 2018 13:28

All were criticising LIC and other PSUs for investing in MIDHANI IPO. Now what they have to say? Will they buy LIC policy of not?
Even HAL will go past 2000 in next two years, available at 12 PE against Lockheed Martin (F16) at PE of 48, Boing at PE of 25 and Unistar at PE of 61.

176. IPOANALYSIS Apr 17, 2018 14:34

1 |

Price of alloy and Titanium alloy have started increasing in market. It has great benfit for this company
Company is going to post stellar results.

Keep adding this gem.
Also Hindustan aeronautics now is next in line. Buy Hindustan aeronautics as it should start rally soon

176.1. Karan Sen Apr 17, 2018 14:49

Company listed on April, in one of Chairman interview he said that the plant is down for maintenance for more than 6 months. How then can the Company post stellar results? Just curious.

176.2. IPOANALYSIS Apr 17, 2018 15:09

1 |

The plant is opening this month. The results will be declared after some time which will be spectacular. Just wait and watch. Also, they are opening 2 new plants which will have added capacity.

Do you think price is rising anyway without any reason?

PSU which rise so sharply are going to keep going up. It has same price movement as in NBCC
Also when titanium price have increased the inventory they have will anyway give good profits.

So keep adding this gem and just wait for the excellent results it will post in a 1-2 month time

175. IPOANALYSIS Apr 17, 2018 14:28

This should go down as one of the best performing IPO.
Remember other names which came with Ipo had tough allotment.
This one was confirmed allotment and the now about 60 pc up

it has just started. abhi toh pitchure baki hai mere dost.

174. Solution of Queries Apr 17, 2018 10:27

1 |

IPO Guru (1100+ Posts, 1400+ Likes)

More thn 60% return in 13 days.....great up journey

Disclaimer :- i have no holding of Midhani !!

173. IPOANALYSIS Apr 16, 2018 10:23

2 |

excellent play and one of the best companies to keep in your portfolio.
it has no competitor and manufacture special alloys.
this one will be bought up by HNI as very low shares available in market.

Long term investors keep holding as you will see much higher value in time to come.

173.1. Karan Sen Apr 16, 2018 13:20

Two upper circuits in a row, is it normal?

173.2. IPOANALYSIS Apr 16, 2018 14:16

4 |

fantastic performance

offcourse it is still very cheap. when you know in 1 year it will cross a price of 250 rs it has to go up an up.

these type of psu make you very rich if you hold for many years. As per my previous message after NBCC i am very positive on this company.

Now, Mindhani si one of the best performing IPO in recent time.

Do remember it has full allotment to people who applied in IPO that means it has surpassed every new IPO in terms of gains.

Stupendous, Fantastic, Excellent

Keep holding this gem in your portfolio stocks and dont look for years

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