Mishra Dhatu Nigam Limited Profile
Mishra Dhatu Nigam Limited (MIDHANI) was integrated in 1973 with the objective of providing the nation self-reliance in strategic materials and manufacturing of special steels, super alloys and titanium alloys in India. Mishra Dhatu Nigam Limited is a Govt. of India Enterprises, headquartered at Hyderabad. MIDHANI has been handling difficult obligations of developing alloys, taking a lead position in indigenization of essential technologies and products to render help to several applications of countrywide significance and hi-tech segments of India industry.
MIDHANI has now commenced presenting its middle competency of growing and manufacturing custom made alloys to match the particular necessities of clients for their critical applications. MIDHANI has the ability to manufacture the extensive range of advanced metals and alloys anywhere in the world, under one roof. MIDHANI shall offer Quality metallic & Alloy goods that continually meet all relevant necessities. MIDHANI stays dedicated to the enhancement of purchaser pride with the aid of continually enhancing the effectiveness of exceptional control gadget to power Organizational performance.
Mishra Dhatu Nigam Limited Key Strengths
- Manufacture and supply high technology metals, alloys and their products, components to all strategic sector customers like Space, Department of Atomic Energy (DAE) and Defence in their endeavor for self – reliance.
- To implement modernization & upgradation plans with the assistance from Customers and continue to maintain company’s strategic importance for self-reliance.
- To maintain and sustain environmentally friendly production processes.
- To enable customers like DRDO, ISRO, HAL, DAE and OFB to source strategic materials which MIDHANI would design, develop and commercially manufacture and which are not easily accessible to these organizations.
Mishra Dhatu Nigam Limited Promoters:
The promoter of the company is the President of India acting through the Ministry of Defence, Government of India.
Mishra Dhatu Nigam Limited IPO details:
Symbol: MIDHANI
Issue Size: the Initial Public offer of 48,708,400 Equity Shares
Face Value: Rs 10
Price Range: Rs 87 to Rs 90
Issue Type: 100% Book Building
Bid Lot: 150 Equity Shares and in multiples thereof
Minimum Order Quantity: 150 Equity Shares
Issue Period: 22-March-2018 to 26-March-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Registrar: Alankit Assignments Limited
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Mishra Dhatu Nigam Limited Financials:
| Mishra Dhatu Nigam Limited financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | |
| Total revenue | 585.2 | 656.2 | 678.4 | 790.4 | 833.1 | 220.7 |
| Total expenses | 456.0 | 524.7 | 537.6 | 628.6 | 646.7 | 173.7 |
| Profit after tax | 94.0 | 97.5 | 103.6 | 119.4 | 126.3 | 27.3 |
| Net margin(%) | 16.1 | 14.9 | 15.3 | 15.1 | 15.2 | 12.4 |
Mishra Dhatu Nigam Limited IPO Subscription Details:
| Category | Shares offered | Subscription (no. of times) | ||
| Day1 | Day 2 | Day 3 | ||
| QIB | 23417500 | 0.4540 | 1.0930 | 1.9621 |
| NII | 7025250 | 0.0020 | 0.0042 | 0.1273 |
| Retail | 16392250 | 0.1010 | 0.3170 | 0.7249 |
| Employees | 1873400 | 0.0290 | 0.1180 | 0.2561 |
| Total | 48708400 | 0.2580 | 0.6351 | 1.2093 |
Mishra Dhatu Nigam Limited Grey Market Price, Rates, GMP Premium
Mishra Dhatu Nigam IPO Grey Market Premium (GMP) as on 26 March 2018 today at Rs. n/a with Kostak at n/a.
Mishra Dhatu Nigam IPO Grey Market Premium (GMP) as on 23 March 2018 at Rs. n/a with Kostak at n/a.
Mishra Dhatu Nigam IPO Grey Market Premium (GMP) as on 22 March 2018 at Rs. n/a with Kostak at n/a.
Mishra Dhatu Nigam IPO Grey Market Premium (GMP) as on 21 March 2018 at Rs. n/a with Kostak at n/a.
Mishra Dhatu Nigam IPO Grey Market Premium (GMP) as on 20 March 2018 at Rs. n/a with Kostak at n/a.
Mishra Dhatu Nigams IPO Grey Market Premium (GMP) as on 19 March 2018 at Rs. n/a with Kostak at n/a.
Mishra Dhatu Nigam IPO Grey Market Premium (GMP) as on 16 March 2018 at Rs. n/a with Kostak at n/a.
Mishra Dhatu Nigam Limited Allotment Status:
Mishra Dhatu Nigam Limited IPO Allotment Date: 28 March 2018
Mishra Dhatu Nigam Limited IPO Listing Date: 2 April 2018
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