Midfield Industries Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

19 Jul 2010

Close Date

21 Jul 2010

Allotment

27 Jul 2010

Listing Date

04 Aug 2010

Exchange

NSE & BSE

Price Band

₹133

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹133

Per share

Face Value

₹10 per share

Lot Size

50 Shares

per lot

Issue Size

45,00,001 shares (aggregating up to ₹59.85 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹6,650

1 lot

Pre-IPO Holding

83,21,250 shares

Promoters

Post-IPO Holding

1,28,21,250 shares

Promoters

UPI Deadline

2010-07-21

Mandate

Anchor AllotmentSun, 18 Jul 2010

Basis of AllotmentTue, 27 Jul 2010

Refund InitiationWed, 28 Jul 2010

Demat CreditWed, 28 Jul 2010

Listing DayWed, 04 Aug 2010

UPI Mandate Deadline2010-07-21

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Midfield Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Jul 2010.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,500,000	100%	₹59.85

IPO Shares Offered

Midfield Industries Ltd. IPO total issue size: ₹59.85 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	4,500,000	₹59.85	100.00%

* Based on upper price band ₹133 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹133.00

Upper Band

Min Investment

₹6,650

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	100	₹13,300
Retail (Max — 30 Lots)	30	1,500	₹199,500
S-HNI (Min — 31 Lots)	31	1,550	₹206,150
B-HNI (Min — 151 Lots)	151	7,550	₹1,004,150

* Issue Price ₹133 × Lot Size 50 shares

IPO Schedule

Anchor

18 Jul 2010

✓ Done

IPO Open

19 Jul 2010

✓ Done

IPO Close

21 Jul 2010

✓ Done

Allotment

27 Jul 2010

✓ Done

Refunds

28 Jul 2010

✓ Done

Demat Credit

28 Jul 2010

✓ Done

Listing Day

04 Aug 2010

✓ Done

₹133.00

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Issue ₹133.00 Live Price

About Midfield Industries Ltd.

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.

Objects of the Issue

1 Expansion of capacities at the existing plants

2 Setting up new facilities

3 Augmenting long term working capital requirement of the Company;

4 General Corporate Purposes

5 Setting up new facility for manufacturing High Tensile Steel Strapping and seals at Sharjah

6 Expansion at existing manufacturing facility at Mumbai, by setting up Angle Board, Collated Nails, Seals and Heat Treatment Plant

7 Expansion at existing manufacturing facility at Roorkee, by setting up Angle Board and Collated Nails, Seals

8 Issue Expenses

Midfield Industries Ltd. Financials (Amount in ₹ Crore)

Revenue from Operations

₹52.1

31-Mar-07

₹70.2

31-Mar-08

₹84.4

31-Mar-09

Profit After Tax (PAT)

₹1.9

31-Mar-07

₹4.2

31-Mar-08

₹5.9

31-Mar-09

Particulars	31-Mar-09	31-Mar-08	31-Mar-07
Revenue from Operations	84.39	70.16	52.11
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	5.90	4.16	1.86
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

24.16%

Issue Structure & Shareholding

Total Shares Offered45,00,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding83,21,250 shares

Post-Issue Promoter Holding1,28,21,250 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Atherstone Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Midfield Industries Ltd. IPO subscribed? ▲

Midfield Industries Ltd. IPO is subscribed 1.00 times by Jul 21, 2010. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Midfield Industries Ltd. IPO retail subscription status? ▼

The Midfield Industries Ltd. IPO retail category is subscribed 1.00 times as of 21 Jul 2010. The retail portion is oversubscribed.

How to subscribe Midfield Industries Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 19 Jul 2010 and closes 21 Jul 2010. Min investment: ₹6,650 (1 lot = 50 shares). UPI mandate: 2010-07-21.

How many times Midfield Industries Ltd. IPO subscribed? ▼

The Midfield Industries Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Midfield Industries Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 27 Jul 2010. Refunds: on 28 Jul 2010.

When Midfield Industries Ltd. IPO will be listed? ▼

The Midfield Industries Ltd. IPO listing date is 04 Aug 2010, Wednesday. Listed on: NSE & BSE. Issue price: ₹133. Estimated listing: ₹133. GMP: NIL.

When Midfield Industries Ltd. IPO close? ▼

The Midfield Industries Ltd. IPO closes on 21 Jul 2010, Wednesday. UPI mandate: 2010-07-21. Allotment: 27 Jul 2010. Listing: 04 Aug 2010.

Quick Actions

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Live Price LIVE

Last Price₹133.00

Change—

Issue Price₹133.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹133

Face Value₹10

Lot Size50 Sh

Min. Amount₹6,650

GMPNIL

Est. Listing₹133

Subscribed1.00x

Open Date19 Jul 2010

Close Date21 Jul 2010

Allotment27 Jul 2010

Listing Date04 Aug 2010

ExchangeNSE & BSE

UPI Deadline2010-07-21