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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 OpenMar 21, 2018 - Mar 23, 2018
Issue TypeBook Built Issue IPO
Issue Size48,708,400 Eq Shares of ₹10
(aggregating up to ₹438.38 Cr)
Offer for Sale48,708,400 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
Issue Price₹87 - ₹90 Per Equity Share
Retail Discount₹3 per share
Employee Discount₹3 per share
Market Lot150 Shares
Min Order Quantity150 Shares
Listing AtBSE, NSE

Mishra Dhatu Nigam IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 21, 2018
Bid/Offer Closes OnMar 23, 2018
Finalisation of Basis of AllotmentMar 28, 2018
Initiation of RefundsApr 2, 2018
Credit of Shares to Demat AcctApr 3, 2018
IPO Shares Listing DateApr 4, 2018

Mishra Dhatu Nigam IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1150₹13,500
Maximum142100₹189,000

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

Mishra Dhatu Nigam IPO Rating

386
4.0
Rating:Rated 4.0 stars

Vote Here ...

Mishra Dhatu Nigam IPO Listing Date

Listing DateWednesday, April 4, 2018
BSE Script Code541195
NSE SymbolMIDHANI
Listing InB
ISININE099Z01011
Issue Price₹90 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹90.00
₹87.00
₹86.35
₹90.90
₹90.00
2,447,624
NSE
₹90.00
₹87.00
₹86.05
₹91.00
₹90.05
16,767,810

Mishra Dhatu Nigam IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term
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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 FAQs

  1. 1. What is Mishra Dhatu Nigam IPO?

    Mishra Dhatu Nigam IPO is an main-board initial public offering of 48,708,400 equity shares of the face value of ₹10 aggregating up to ₹438.38 Crores.

    The issue price of the IPO is ₹87 - ₹90 Per Equity Share. The minimum order quantity is 150 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Mar 21, 2018 and closes on Mar 23, 2018.

    Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Mishra Dhatu Nigam IPO will open?

    The Mishra Dhatu Nigam IPO opens on Mar 21, 2018 and closes on Mar 23, 2018.

  3. 3. How to apply for Mishra Dhatu Nigam IPO?

    Mishra Dhatu Nigam 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 Mishra Dhatu Nigam IPO allotment?

    The finalization of Basis of Allotment for Mishra Dhatu Nigam IPO will be done on Mar 28, 2018, and the allotted shares will be credited to your demat account by Apr 3, 2018. Check the Mishra Dhatu Nigam IPO allotment status.

  5. 5. When is Mishra Dhatu Nigam IPO listing date?

    The Mishra Dhatu Nigam IPO listing date is on Wednesday, April 4, 2018, at BSE, NSE.

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Mishra Dhatu Nigam IPO Review / Comments

Mihir Kumar Mishra
192. Mihir Kumar Mishra  May 19, 2018 11:59 I Like It. | Report Abuse
Sorry 5%
Mihir Kumar Mishra
191. Mihir Kumar Mishra  May 19, 2018 11:58 I Like It. | Report Abuse
Can anybody explain the 55 circuit filter in place of 20% earlier ?
Mihir Kumar Mishra
190. Mihir Kumar Mishra  May 19, 2018 11:51 I Like It. | Report Abuse
I feel investors from MIDHANI are going away to new IPO INDOSTAR.Once INDOSTAR gets stabilised MIDHANi will go up soon.
Justaninvestor
189. Justaninvestor  May 5, 2018 22:14 I Like It. | Report Abuse
Is this the price to buy
Best wishes
188. Best wishes  Apr 23, 2018 13:49 I Like It. 2 | Report Abuse
@ Aniketiaf sir,
I have bought Skm egg @ 82 as per your recommendation.
Today it is on 128. Can I hold or sell. Please advise.
Aniketiaf
188.3. Aniketiaf  Apr 26, 2018 15:36 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 5100+ Likes)
Skm egg is now @ 118.
Best wishes
188.4. Best wishes  May 4, 2018 14:43 I Like It. 1 | Report Abuse
@ Aniketiaf,
Aapne bacha liya.
Skm egg is fallen to 103 today.
Thanks for your on time suggestion.
Cautious ipo
187. Cautious ipo  Apr 19, 2018 10:41 I Like It. 1 | Report Abuse
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.
Shareking The BuLLz EyE
187.14. Shareking The BuLLz EyE  May 10, 2018 14:42 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
Tumhara suggestion follow karne wale road pe aa gaye honge
IPO super analyst
187.15. IPO super analyst  May 22, 2018 17:25 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Yea Virat kohli ka ghar key baju nahi DHARAVI mi zhopda lega..100%
JAGAN MOHAN VUPPALA
186. JAGAN MOHAN VUPPALA  Apr 23, 2018 12:11 I Like It. | Report Abuse
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.
Baelish
185. Baelish  Apr 22, 2018 09:26 I Like It. | Report Abuse
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?
DownriteVJ
184. DownriteVJ  Apr 20, 2018 15:44 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Being sarcastic :)
Ravi DD Patel
184.1. Ravi DD Patel  Apr 20, 2018 22:03 I Like It. | Report Abuse
What should I do now? Any expert advice??!!
Purchased 1200 @ 173
IPOANALYSIS
183. IPOANALYSIS  Apr 20, 2018 14:05 I Like It. 3 | Report Abuse
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
IPOANALYSIS
182. IPOANALYSIS  Apr 19, 2018 09:49 I Like It. 4 | Report Abuse
This psu has huge potential .will surpass gains of all IPO. This can very well exceed gains of dmart in long run.
Grandmaster
182.1. Grandmaster  Apr 20, 2018 09:28 I Like It. | Report Abuse
Sir,
Your view on Jamna auto please. Is it the right time to enter..? It seems the valuation is on higher side..
finvision
181. finvision  Apr 19, 2018 11:56 I Like It. 2 | Report Abuse
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
IPOANALYSIS
180. IPOANALYSIS  Apr 18, 2018 14:44 I Like It. 3 | Report Abuse
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
suheelan
179. suheelan  Apr 18, 2018 14:21 I Like It. | Report Abuse
Any ruling party luminary smelling a scam in this IPO . Issued @ 90 now 153 loss of 63 per share .
IPOANALYSIS
178. IPOANALYSIS  Apr 18, 2018 12:40 I Like It. 1 | Report Abuse
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
Grandmaster
178.1. Grandmaster  Apr 18, 2018 14:03 I Like It. | Report Abuse
Hats off sir..
dingu
177. dingu  Apr 18, 2018 13:28 I Like It. | Report Abuse
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.
IPOANALYSIS
176. IPOANALYSIS  Apr 17, 2018 14:34 I Like It. 1 | Report Abuse
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
Karan Sen
176.1. Karan Sen  Apr 17, 2018 14:49 I Like It. | Report Abuse
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.
IPOANALYSIS
176.2. IPOANALYSIS  Apr 17, 2018 15:09 I Like It. 1 | Report Abuse
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
IPOANALYSIS
175. IPOANALYSIS  Apr 17, 2018 14:28 I Like It. | Report Abuse
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.
Solution of Queries
174. Solution of Queries  Apr 17, 2018 10:27 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
More thn 60% return in 13 days.....great up journey

Disclaimer :- i have no holding of Midhani !!
IPOANALYSIS
173. IPOANALYSIS  Apr 16, 2018 10:23 I Like It. 2 | Report Abuse
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.
Karan Sen
173.1. Karan Sen  Apr 16, 2018 13:20 I Like It. | Report Abuse
Two upper circuits in a row, is it normal?
IPOANALYSIS
173.2. IPOANALYSIS  Apr 16, 2018 14:16 I Like It. 4 | Report Abuse
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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