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 DateMar 28, 2018 - Apr 4, 2018
Issue TypeBook Built Issue IPO
Issue Size4,500,000 Eq Shares of ₹10
(aggregating up to ₹84.60 Cr)
Face Value₹10 Per Equity Share
IPO Price₹186 to ₹188 Per Equity Share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtNSE SME

MMP Industries IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 28, 2018
Bid/Offer Closes OnApr 4, 2018
Finalisation of Basis of AllotmentApr 9, 2018
Initiation of RefundsApr 11, 2018
Credit of Shares to Demat AcctApr 10, 2018
IPO Shares Listing DateApr 12, 2018

MMP Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1600₹112,800
Maximum1600₹112,800

Useful articles about MMP Industries IPO

  1. 10 reasons to apply in MMP Industries NSE IPO opens on 28th March
  2. MMP Industries Ltd Mega NSE SME IPO to Open Early 2018

MMP Industries IPO Subscription Status (Bidding Detail)

MMP Industries IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

2,137,500

2,137,500

4,275,000

Apr 4, 2018 17:00

0.41x

0.66x

0.78x

MMP Industries IPO Prospectus

MMP Industries IPO Rating

129
3.6
Rating:Rated 3.6 stars

Vote Here ...

MMP Industries IPO Listing Date

Listing DateThursday, April 12, 2018
BSE Script Code
NSE SymbolMMP
Listing In
ISININE511Y01018
IPO Price₹188 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹188.00
Open:₹190.00
Low:₹190.00
High:₹199.50
Last Trade:₹199.50
Volume:1,002,000

MMP Industries IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

MMP Industries IPO FAQs

  1. 1. What is MMP Industries IPO?

    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 price of the IPO is ₹186 to ₹188 Per Equity Share. The minimum order quantity is 600 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When MMP Industries IPO will open?

    The MMP Industries IPO opens on Mar 28, 2018 and closes on Apr 4, 2018.

  3. 3. How to apply for MMP Industries IPO?

    MMP Industries 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 MMP Industries IPO allotment?

    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.

  5. 5. When is MMP Industries IPO listing date?

    The MMP Industries IPO listing date is on Thursday, April 12, 2018, at NSE SME.
  6. 6. What is the lot size of MMP Industries IPO?

    MMP Industries IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.

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MMP Industries IPO Review / Comments

Umang and his ultrasonic uproar
75. Umang and his ultrasonic uproar  Apr 12, 2018 10:03
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.
sangameshwar
75.5. sangameshwar  Apr 17, 2018 20:24
Thanks for reply...i have written to MMP and bigshare. please can you give me SEBI complaint email address.
Sanjaykolkata
75.6. Sanjaykolkata  Apr 26, 2018 10:14
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
Hiteshji
74. Hiteshji  Apr 13, 2018 10:45
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
As earlier told, fundamentally good company for long term prospective, will gv you good returns.
NEMI CHAND AJMERA
73. NEMI CHAND AJMERA  Apr 12, 2018 08:16
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.
sangameshwar
73.1. sangameshwar  Apr 12, 2018 19:17
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
Umang and his ultrasonic uproar
72. Umang and his ultrasonic uproar  Apr 12, 2018 11:23
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Surprised to see advitiya trade & orissa bengal is best performing sme's after macpower.
IPOANALYSIS
72.1. IPOANALYSIS  Apr 12, 2018 13:24
Advitya trade rise is really surprising
Hiteshji
71. Hiteshji  Apr 12, 2018 11:16
Top Contributor Top Contributor (300+ Posts, 200+ 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.
IPOANALYSIS
70. IPOANALYSIS  Apr 12, 2018 10:08
I think previous circuit of 20 pc was better.now with new rules its only 5 pc else it might have gone much higher
an Investor
70.1. an Investor  Apr 12, 2018 10:28
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
IPOANALYSIS
70.2. IPOANALYSIS  Apr 12, 2018 10:52
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
share blaster
69. share blaster  Apr 12, 2018 10:43
sell 199.50 i book profit
share blaster
68. share blaster  Apr 12, 2018 10:34
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
v for vendetta
67. v for vendetta  Apr 12, 2018 10:10
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Good listing, congratulations to all who applied.
Hiteshji
66. Hiteshji  Apr 12, 2018 10:05
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Flat to positive listing...now 195..those who applied get profit not loss. Keep for long term prospective.
Hiteshji
65. Hiteshji  Apr 12, 2018 08:34
Top Contributor Top Contributor (300+ Posts, 200+ 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....👍
sangameshwar
64. sangameshwar  Apr 11, 2018 19:30
Hello friends, I applied MMP under retail..Retail is not fully subscribed. I didnot get allotment.
Hiteshji
63. Hiteshji  Apr 11, 2018 19:26
Top Contributor Top Contributor (300+ Posts, 200+ 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.
share blaster
62. share blaster  Apr 11, 2018 14:59
good gmp hone k bad bi forum me negative listing ki bate ho rhi h frnds
NITESH SINGHAL
61. NITESH SINGHAL  Apr 11, 2018 11:46
PLEASE TELL ME LSITING TIME OF MMP AND PREOPENING BID TIMING
Hiteshji
60. Hiteshji  Apr 11, 2018 09:16
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Tomorrow listing with 20% upper circuit....👍
share blaster
60.1. share blaster  Apr 11, 2018 09:42
grey market premium bi gyab ho gya h
share blaster
59. share blaster  Apr 11, 2018 09:42
itna confrm mat bolo hitesh ji ye stock market h kuch ni pta kya ho jaye
rikesh
58. rikesh  Apr 10, 2018 21:38
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
Hiteshji
57. Hiteshji  Apr 10, 2018 20:35
Top Contributor Top Contributor (300+ Posts, 200+ 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......
JPR Boy
56. JPR Boy  Apr 10, 2018 19:35
I got the allotment. Please advise what should i do






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