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Open
19 Jul 2010
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Close
21 Jul 2010
3
Allotment
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Listing
Wed, Aug 4, 2010
Price Band
₹126 to ₹133
Issue Size
45,00,001 shares (agg. up to ₹60 Cr)
Lot Size
50 Shares
Listing Date
Wed, Aug 4, 2010
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 12.85x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Emmbi Polyarns Ltd. | Mainboard | ₹38.96 Cr | ₹45 | null | ₹28.75 | -36.11% | ₹90.10 (+4.65%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of capacities at the existing plants | 13.15 |
| 2 | Setting up new facilities | 4.17 |
| 3 | Augmenting long term working capital requirement of the Company; | 5.35 |
| 4 | General Corporate Purposes | 5.95 |
| 5 | Setting up new facility for manufacturing High Tensile Steel Strapping and seals at Sharjah | 12.70 |
| 6 | Expansion at existing manufacturing facility at Mumbai, by setting up Angle Board, Collated Nails, Seals and Heat Treatment Plant | 6.27 |
| 7 | Expansion at existing manufacturing facility at Roorkee, by setting up Angle Board and Collated Nails, Seals | 1.59 |
| 8 | Issue Expenses | 5.95 |
About Midfield Industries IPO
Incorporated in 1991, Midfield Industries Ltd is a leading manufacturers of steel strapping systems and providers of packaging solutions. Midfield provide packaging consumables like high tensile steel strapping in various dimensions and strengths, Different Seals for different applications, Collated Nails & Corner boards being used for general and the end of line packaging of goods by varied industries. Currently, the company caters to companies across wide spectrum of industries like steel, aluminium, glass, copper, paper, automobile, white goods and refractory etc.Steel Strappings of Midfield are of two grades, Supreme and Mega Supreme. Supreme Steel Strapping is made of low carbon, low manganese cold rolled steel. Mega Supreme Steel Strapping is made of medium carbon, high-manganese cold rolled steel. Supreme is designed for low duty packaging applications, where as, Mega Supreme is designed for heavy-duty applications.+ Read More
Contact Details
Midfield Industries Ltd. AddressPlot No.6Phase IV ExtnIDA JeedimetlaHyderabad, Telangana, 500055+91 40 23098502ipo@midfieldindustries.comVisit Website