Business Standard

MMP Industries Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

84.60 cr

Price Range (₹)

188

Lot Size

600

Min Investment (₹)

1,12,800.00

Listing Exchange

NSE - SME

Open Date

28-Mar-2018

Close Date

04-Apr-2018

Listing Date

12-Apr-2018

MMP Industries Ltd News

    The Shares of MMP Industries Ltd have now been listed.

    MMP Industries Ltd IPO Details

    Public issue of 45,00,000 equity shares of face value of Rs. 10.00 each of MMP Industries Limited (the company or the issuer) for cash at a price of Rs. 188 per equity share (issue price) (including a share premium of Rs. 178 per equity share) aggregating to Rs. 84.60 crores (the issue). of the issue, 2,25,000 equity shares aggregating to Rs. 4.23 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 42,75,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 188 per equity share aggregating to Rs. 80.37 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.57% and 25.24%, respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Rs.10 each and the issue price is Rs.188 is 18.80 times of the face value.

    Objective of issue

    Setting up a new facility for manufacturing of Atomised Aluminium Powder, Pyro and Flake Aluminium Powder and Aluminium Foils. Prepayment or repayment of a portion of loan facilities availed by the company. General corporate purposes.

    MMP Industries Ltd Contact Details

    MMP Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - companysecretary@mmpil.com

    Website - www.mmpil.com