Issue Price
₹133
Per Share
GMP
NIL
Grey Market
Est. Listing
₹133
Expected Price
Min. Application
₹13,300
2 lots × 50 shares
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.
Midfield Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 4,500,000 | 100.00% | ₹59.85 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,650 |
| Retail (Max) | 2 | 100 | ₹13,300 |
| sNII (Min) | 31 | 1,550 | ₹206,150 |
| bNII (Min) | 151 | 7,550 | ₹1,004,150 |
| 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 |
| Total Borrowings | N/A | N/A | N/A |