Business Standard

Mishra Dhatu Nigam Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

435.02 cr

Price Range (₹)

90

Lot Size

150

Min Investment (₹)

13,500.00

Listing Exchange

MumbaiNSE

Open Date

21-Mar-2018

Close Date

23-Mar-2018

Listing Date

04-Apr-2018

Mishra Dhatu Nigam Ltd News

    The Shares of Mishra Dhatu Nigam Ltd have now been listed.

    Mishra Dhatu Nigam Ltd IPO Details

    Public offer of 48,708,400 equity shares of face value of Rs.10 each (Equity Shares) of Mishra Dhatu Nigam Limited (The Company) through an offer for Sale By The President of India acting through the ministry of defence (The Selling Shareholder) for cash at a price* of Rs. 90 Per equity Share (The Offer Price), aggregating to Rs. 435.02 Crores (The offer). The company has reserved a portion of 1,873,400 equity shares for allocation and allotment to eligible employees (The Employee Reservation Portion). The offer less employee reservation portion is referred to as the net offer. The offer and the net offer will constitute 26% and 25% respectively, of the pre and post offer paid-up equity share capital of the company.The Offer Price is Rs. 90 per equity share of face value of Rs.10 each.The Offer price is 9.0 times of face value of equity share. * Retail Discount of Rs.3 per equity share to the offer price was offered to the Retail Individual Bidders and Employee Discount of Rs. 3 per equity share to the offer price was offered to the eligible employees bidding in the Employee Reservation Portion.

    Objective of issue

    Disinvestment of 48708400 shares by the selling shareholders. Listing of shares on the Stock Exchanges.

    Mishra Dhatu Nigam Ltd Contact Details

    Mishra Dhatu Nigam Ltd, 205/208, Anarkali Market, Jhandewalan Extn, New Delhi - 110055

    Phone - 91-011-42541965/42541953

    Fax - 91-011-41540064

    Email - secretary@midhani.com

    Website - https://midhani-india.in/