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Incorporated in 1973, MMP Industries Limited is a Nagpur, Maharashtra based company engaged in manufacturing of aluminium products. Company's aluminium product range includes pyro and flake aluminium powders, atomised aluminium powders, aluminium pastes, aluminium conductors (all aluminium, alloy aluminium and aluminium steel reinforced).
Aluminium powders (pyro, flake and atomised) are used in many industrial sectors like construction (AAC Blocks) and mining (Aluminised slurry explosives), agriculture (pesticides), defence (ammunition), fire crackers, railways (thermit portions) etc. Aluminium pastes are used in automotive, decorative and industrial paints. Aluminium Conductors are consumed by the power sector for laying of overhead transmission lines.
With over 3 decades of experience MMP Industries has developed in depth ability to understand process related problems and fine tuning of its products to suit customer needs.
Arun Bhandari is the Promoter of the Company. He holds 46,39,641 Equity Shares equivalent to 37.31% of the pre-issue, subscribed and paid-up Equity Share Capital of the Company.
The objects of the Net Proceeds of the Issue are:
1. Setting up a new facility for manufacturing of Atomised Aluminium Powder, Pyro and flake Aluminium Powder and Aluminium Foils
2. Prepayment or repayment of a portion of loan facilities availed by the Company
3. General Corporate Purposes
| IPO Opening Date | Mar 28, 2018 |
| IPO Closing Date | Apr 4, 2018 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹186 to ₹188 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE SME |
| Issue Size | 4,500,000 Eq Shares of ₹10 (aggregating up to ₹84.60 Cr) |
The MMP Industries IPO open date is Mar 28, 2018, and the close date is Apr 4, 2018. The issue may list on Apr 12, 2018.
| IPO Open Date | Mar 28, 2018 |
| IPO Close Date | Apr 4, 2018 |
| Basis of Allotment Date | Apr 9, 2018 |
| Initiation of Refunds | Apr 11, 2018 |
| Credit of Shares to Demat Account | Apr 10, 2018 |
| IPO Listing Date | Apr 12, 2018 |
The MMP Industries IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹112,800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹112,800 |
| Maximum | 1 | 600 | ₹112,800 |
This is the first mega primary offer by SME so far. Considering progressing performance and bright prospects ahead, investors may invest in this reasonably priced offer for medium to long term.
Read detail review...The MMP Industries IPO is subscribed 0.78 times on Apr 4, 2018 5:00:00 PM. The public issue subscribed 0.66 times in the retail category, times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.41 |
| Retail | 0.66 |
| Total | 0.78 |
| Listing Date | Thursday, April 12, 2018 |
| BSE Script Code | |
| NSE Symbol | MMP |
| Listing In | |
| ISIN | INE511Y01018 |
| IPO Price | ₹188 per equity share |
| Face Value | ₹10 per equity share |
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MMP Industries Limited
211, Shrimohini 345,
Kingsway, Nagpur 440 001
Phone: +91 712 252 4645/ 253 358
Email: companysecretary@mmpil.com
Website: http://www.mmpil.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
MMP Industries IPO is a SME IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹84.60 Crores. The issue is priced at ₹186 to ₹188 per equity share. The minimum order quantity is 600 Shares.
The IPO opens on Mar 28, 2018, and closes on Apr 4, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The MMP Industries IPO opens on Mar 28, 2018 and closes on Apr 4, 2018.
MMP Industries IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.
You can apply in MMP 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 MMP Industries IPO will be done on Apr 9, 2018, and the allotted shares will be credited to your demat account by Apr 10, 2018. Check the MMP Industries IPO allotment status.
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Good support from L. M. Will not fall below 190 today.