IPO Issue Details
Issue Price / Price Band₹188 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size45,00,000 shares (aggregating up to ₹84.60 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 28 Mar 2018
Subscription CloseWed, 04 Apr 2018
Anchor AllotmentTue, 27 Mar 2018
Basis of AllotmentMon, 09 Apr 2018
Initiation of RefundsWed, 11 Apr 2018
Credit of Shares to DematTue, 10 Apr 2018
Listing DateThu, 12 Apr 2018
UPI Mandate Deadline2018-04-04
Application & Investment Details
Retail — Min (1 Lots)₹1,12,800 — 600 shares
Retail — Max (13 Lots)₹1,466,400 (13 Lots)
HNI — Min (2 Lots)₹2,25,600 — 1,200 shares
Net Offer to Public42,75,000 shares (aggregating up to ₹80.37 Cr)
Reserved for Market Maker2,25,000 shares (aggregating up to ₹4.23 Cr)
Pre-IPO Promoter Holding1,24,35,075 shares
Post-IPO Promoter Holding1,69,35,075 shares
About MMP Industries Ltd.
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.
Objects of the Issue
MMP Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Setting up a new facility for manufacturing of Atomised Aluminium Powder , Pyro and Flake Aluminium Powder and Aluminium Foils
58.90
2
2 Prepayment or repayment of a portion of loan facilities availed by the Company
10.00
3
3 General Corporate Purposes
11.99
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,24,35,075 shares
Post-IPO Promoter Holding
1,69,35,075 shares