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 Date | Mar 28, 2018 - Apr 4, 2018 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4,500,000 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 Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE SME |
| Bid/Offer Opens On | Mar 28, 2018 |
| Bid/Offer Closes On | Apr 4, 2018 |
| Finalisation of Basis of Allotment | Apr 9, 2018 |
| Initiation of Refunds | Apr 11, 2018 |
| Credit of Shares to Demat Acct | Apr 10, 2018 |
| IPO Shares Listing Date | Apr 12, 2018 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹112,800 |
| Maximum | 1 | 600 | ₹112,800 |
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 |
| 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 |
|
|
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
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 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.
The MMP Industries IPO opens on Mar 28, 2018 and closes on Apr 4, 2018.
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.
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.
MMP Industries IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.
Guaranteed Save 60% to 90% Brokerage
You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.
We can help you choosing the right broker. Contact us today...
Useful Articles
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
5paisa (₹20/trade) Zerodha (₹20/trade) ProStocks (₹899 Unlimited) Upstox RKSV (₹20) Edelweiss (₹10 per Trade) More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Overview Benefits & Risks of Options Options Pricing More Articles... Options Trading FAQs Options Trading GlossaryBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaHistory of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
IPO Mentor (500+ Posts, 500+ Likes)
Top Contributor (300+ Posts, 200+ Likes)
Good support from L. M. Will not fall below 190 today.