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

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

IPO Date Mar 21, 2018 to Mar 23, 2018
Listing Date Wednesday, April 4, 2018
Face Value ₹10 per share
Price ₹87 to ₹90 per share
Lot Size 150 Shares
Issue Size48,708,400 shares of ₹10
(aggregating up to ₹438.38 Cr)
Offer for Sale48,708,400 shares of ₹10
(aggregating up to ₹[.] Cr)
Retail Discount Rs 3 per share
Employee Discount Rs 3 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

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

Mishra Dhatu Nigam IPO Tentative Timetable

Mishra Dhatu Nigam IPO opens on Mar 21, 2018, and closes on Mar 23, 2018. The Mishra Dhatu Nigam IPO bid date is from Mar 21, 2018 10.00 A.M. to Mar 23, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Mar 21, 2018
Closing Date Mar 23, 2018
Basis of Allotment Mar 28, 2018
Initiation of Refunds Apr 2, 2018
Credit of Shares to Demat Apr 3, 2018
Listing Date Apr 4, 2018

Mishra Dhatu Nigam IPO Lot Size

The Mishra Dhatu Nigam IPO lot size is 150 shares. A retail-individual investor can apply for up to 14 lots (2100 shares or ₹189,000).

Application Lots Shares Amount
Retail (Min) 1 150 ₹13,500
Retail (Max) 14 2100 ₹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 Review

First half results are affected with unwarranted situation like maintenance of plant under taken after three plus decades. Management is confident of achieving improved performance once they are back to normalcy after restart of the plant. Based on normal working, issue is priced reasonably. Investors may consider investment for long term. Read detail review...

Mishra Dhatu Nigam IPO Subscription Status (Bidding Detail)

The Mishra Dhatu Nigam IPO is subscribed 1.21 times on Mar 23, 2018 7:30:00 PM. The public issue subscribed 0.72 times in the retail category, 1.96 times in the QIB category, and 0.13 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Mishra Dhatu Nigam IPO Prospectus

Mishra Dhatu Nigam IPO Rating

Rating:Rated 4.0 stars
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Mishra Dhatu Nigam IPO Listing Date

Listing Date Wednesday, April 4, 2018
BSE Script Code 541195
Listing In B Group of Securities
ISIN INE099Z01011
IPO Price ₹90 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

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

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

Mishra Dhatu Nigam IPO Review

Mishra Dhatu Nigam IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 0 2
Members 0 0 0

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Mishra Dhatu Nigam IPO FAQs

Mishra Dhatu Nigam IPO is a main-board IPO of 48,708,400 equity shares of the face value of ₹10 aggregating up to ₹438.38 Crores. The issue is priced at ₹87 to ₹90 per share. The minimum order quantity is 150 Shares.

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.

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

Mishra Dhatu Nigam IPO lot size is 150 Shares and the minimum order quantity is .

You can apply in Mishra Dhatu Nigam 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 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.

The Mishra Dhatu Nigam IPO listing date is on Wednesday, April 4, 2018.
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Mishra Dhatu Nigam IPO Message Board

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192. Mihir Kumar Mishra |   Link |May 19, 2018 12:59:06 PM
Sorry 5%
191. Mihir Kumar Mishra |   Link |May 19, 2018 12:58:29 PM
Can anybody explain the 55 circuit filter in place of 20% earlier ?
190. Mihir Kumar Mishra |   Link |May 19, 2018 12:51:50 PM
I feel investors from MIDHANI are going away to new IPO INDOSTAR.Once INDOSTAR gets stabilised MIDHANi will go up soon.
189. Justaninvestor |   Link |May 5, 2018 11:14:28 PM
Is this the price to buy
188. Best wishes |   Link |Apr 23, 2018 2:49:53 PM
@ Aniketiaf sir,
I have bought Skm egg @ 82 as per your recommendation.
Today it is on 128. Can I hold or sell. Please advise.
188.3. Aniketiaf |   Link |Apr 26, 2018 4:36:15 PM (1800+ Posts, 10200+ Likes)
Skm egg is now @ 118.
188.4. Best wishes |   Link |May 4, 2018 3:43:59 PM
@ Aniketiaf,
Aapne bacha liya.
Skm egg is fallen to 103 today.
Thanks for your on time suggestion.
187. Cautious ipo |   Link |Apr 19, 2018 11:41:34 AM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
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.
187.14. Shareking The BuLLz EyE |   Link |May 10, 2018 3:42:58 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Tumhara suggestion follow karne wale road pe aa gaye honge
187.15. IPO super analyst |   Link |May 22, 2018 6:25:12 PM (400+ Posts, 400+ Likes)
Yea Virat kohli ka ghar key baju nahi DHARAVI mi zhopda lega..100%
186. JAGAN MOHAN VUPPALA |   Link |Apr 23, 2018 1:11:36 PM
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 |   Link |Apr 22, 2018 10:26:32 AM
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 |   Link |Apr 20, 2018 4:44:48 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Being sarcastic :)
184.1. Ravi DD Patel |   Link |Apr 20, 2018 11:03:39 PM
What should I do now? Any expert advice??!!
Purchased 1200 @ 173
183. IPOANALYSIS |   Link |Apr 20, 2018 3:05:19 PM
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 |   Link |Apr 19, 2018 10:49:33 AM
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 |   Link |Apr 20, 2018 10:28:50 AM
Your view on Jamna auto please. Is it the right time to enter..? It seems the valuation is on higher side..
181. finvision |   Link |Apr 19, 2018 12:56:27 PM
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 |   Link |Apr 18, 2018 3:44:55 PM
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 |   Link |Apr 18, 2018 3:21:38 PM
Any ruling party luminary smelling a scam in this IPO . Issued @ 90 now 153 loss of 63 per share .
178. IPOANALYSIS |   Link |Apr 18, 2018 1:40:20 PM
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 |   Link |Apr 18, 2018 3:03:22 PM
Hats off sir..
177. dingu |   Link |Apr 18, 2018 2:28:20 PM
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 |   Link |Apr 17, 2018 3:34:15 PM
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 |   Link |Apr 17, 2018 3:49:24 PM
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 |   Link |Apr 17, 2018 4:09:37 PM
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 |   Link |Apr 17, 2018 3:28:15 PM
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 |   Link |Apr 17, 2018 11:27:07 AM (1100+ Posts, 1400+ Likes)
More thn 60% return in 13 days.....great up journey

Disclaimer :- i have no holding of Midhani !!
173. IPOANALYSIS |   Link |Apr 16, 2018 11:23:16 AM
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 |   Link |Apr 16, 2018 2:20:23 PM
Two upper circuits in a row, is it normal?
173.2. IPOANALYSIS |   Link |Apr 16, 2018 3:16:04 PM
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