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MMP Industries Limited IPO (MMP Industries IPO) Detail

Mar 28, 2018 - Apr 4, 2018

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.

Company Promoters:

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.

Objects of the Issue:

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

MMP Industries IPO Details

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 Size4,500,000 Eq Shares of ₹10
(aggregating up to ₹84.60 Cr)

MMP Industries IPO Tentative Timetable

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

MMP Industries IPO Lot Size

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

MMP Industries IPO Review

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...

MMP Industries IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII0.41
Retail0.66
Total0.78

MMP Industries IPO Prospectus

MMP Industries IPO Rating

129
3.6
Rating:Rated 3.6 stars
Vote Here ...

MMP Industries IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹188.00
Open: ₹190.00
Low: ₹190.00
High: ₹199.50
Last Trade: ₹199.50

Company Contact Information

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/

MMP Industries IPO Registrar

Bigshare Services Pvt Ltd

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

MMP Industries IPO Reviews / Ratings

MMP Industries IPO FAQs

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.

The MMP Industries IPO listing date is on Thursday, April 12, 2018.

MMP Industries IPO Message Board

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124 Comments

75. Umang and his ultrasonic uproar |   Link |Apr 12, 2018 11:03:20 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Good support offered at 190, more than 4 lakh shares at 190.
Good support from L. M. Will not fall below 190 today.
75.5. sangameshwar |   Link |Apr 17, 2018 9:24:40 PM
Thanks for reply...i have written to MMP and bigshare. please can you give me SEBI complaint email address.
75.6. Sanjaykolkata |   Link |Apr 26, 2018 11:14:31 AM
Hi umang Sanjay here I know you must not be tracking jhandewala but it's buyers cease today at 55 do you have any idea if there is any news on jfl actually have 1lot at 80 and a bit confused should sell it or hold it
74. Hiteshji |   Link |Apr 13, 2018 11:45:19 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
As earlier told, fundamentally good company for long term prospective, will gv you good returns.
73. NEMI CHAND AJMERA |   Link |Apr 12, 2018 9:16:33 AM
Issue was big 84 cr.Retail applied for nearly 28 cr. All retailers alloted share. Today it must be watched to see price movement.If company today manage price stability then it may give moderate profits.Almost all including davya has recommended to subscribe.If price fall 30%in coming 7 days it must be added.
73.1. sangameshwar |   Link |Apr 12, 2018 8:17:54 PM
I have applied for 1 lot under retail and I didnot get allotment. Any one did not receive allotment under retail category..What is the subscription under retail. Please tell me..Thanks in advance
72. Umang and his ultrasonic uproar |   Link |Apr 12, 2018 12:23:42 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Surprised to see advitiya trade & orissa bengal is best performing sme's after macpower.
72.1. IPOANALYSIS |   Link |Apr 12, 2018 2:24:05 PM
IPO Guru IPO Guru (2100+ Posts, 1600+ Likes)
Advitya trade rise is really surprising
71. Hiteshji |   Link |Apr 12, 2018 12:16:11 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
From now onwards, SME EXCHANGER will decide about the circuit. If volume growing then price will go further. So for forthcoming ipo also same factor apply. Do please keep in mind before applying for new sme ipo.
70. IPOANALYSIS |   Link |Apr 12, 2018 11:08:21 AM
IPO Guru IPO Guru (2100+ Posts, 1600+ Likes)
I think previous circuit of 20 pc was better.now with new rules its only 5 pc else it might have gone much higher
70.1. an Investor |   Link |Apr 12, 2018 11:28:30 AM
Hi,
You mean now there will be only 5% UC/LC? I checked NSE site just now and it says there is no band:

Lower Price Band : No Band
Upper Price Band : No Band
70.2. IPOANALYSIS |   Link |Apr 12, 2018 11:52:32 AM
IPO Guru IPO Guru (2100+ Posts, 1600+ Likes)
it is uc 5 pc see in mmp industries now. it is price discovery between 9:15 to 10 and then 5 pc circuit

same happened with avg logistics

i like mmp industries, avg logistic and SS INfrastructure as all 3 have potential to become big companies in future.
long term investors can buy all 3 and give in 1 year for decent profits
69. share blaster |   Link |Apr 12, 2018 11:43:43 AM
sell 199.50 i book profit
68. share blaster |   Link |Apr 12, 2018 11:34:08 AM
avg logitics , soni soya n mmp ye sbhi nse issue st 5pc me ku list ho rhe h
pls reply ser kya resaon h
n bse issue bi 5pc me llist honge kya
67. v for vendetta |   Link |Apr 12, 2018 11:10:16 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Good listing, congratulations to all who applied.
66. Hiteshji |   Link |Apr 12, 2018 11:05:24 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Flat to positive listing...now 195..those who applied get profit not loss. Keep for long term prospective.
65. Hiteshji |   Link |Apr 12, 2018 9:34:23 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
All the best and have faith in your self as you hv subscribe for the ipo. You will definitely get good returns. After all there is no business without risk....????
64. sangameshwar |   Link |Apr 11, 2018 8:30:28 PM
Hello friends, I applied MMP under retail..Retail is not fully subscribed. I didnot get allotment.
63. Hiteshji |   Link |Apr 11, 2018 8:26:06 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Yes it is stock mkt., but not for those who apply for listing gain, it is for long term purpose also, as i also mention earlier about AVG Log. listing. Those who alloted shares will earn 100% profit.
62. share blaster |   Link |Apr 11, 2018 3:59:06 PM
good gmp hone k bad bi forum me negative listing ki bate ho rhi h frnds
61. NITESH SINGHAL |   Link |Apr 11, 2018 12:46:32 PM
PLEASE TELL ME LSITING TIME OF MMP AND PREOPENING BID TIMING
60. Hiteshji |   Link |Apr 11, 2018 10:16:43 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Tomorrow listing with 20% upper circuit....????
60.1. share blaster |   Link |Apr 11, 2018 10:42:43 AM
grey market premium bi gyab ho gya h
59. share blaster |   Link |Apr 11, 2018 10:42:08 AM
itna confrm mat bolo hitesh ji ye stock market h kuch ni pta kya ho jaye
58. rikesh |   Link |Apr 10, 2018 10:38:02 PM
On the last day of Subscription Market conditions is not well to subscribe this IPO that's why no one applied or deny the application. But those people who allotted the shares earns 22000 on listing day on upper circuit.
Salute there daring
57. Hiteshji |   Link |Apr 10, 2018 9:35:06 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
20% circuit in upper end will gv you easily 22000 to earn. So 18000 is easily possible. And i think it will hit upper circuit on listing day......
56. JPR Boy |   Link |Apr 10, 2018 8:35:20 PM
I got the allotment. Please advise what should i do