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IPO Synopsis

Mishra Dhatu Nigam Ltd
Registered Office: P O Kanchanbagh, , Hyderabad - 500058 , Telangana , India.
Phone : 91-40-24184000   Fax:91-40-24340214/24341250
Email :  secretary@midhani.com  
Website :  www.midhani.com
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.

Issue Money Payable On
Opens On Closes On Application Allotment
21-Mar-18 23-Mar-18 (Rs)90.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :150  Further Multiples of :150

  (Rs Cr) Lead Managers to the Issue
Project Cost 22.56 IDBI Capital Markets & Securities Ltd
Project Financed through Current Offer 435.02  
Post Issue Equity Share Capital 187.34  
Issue Price (Rs)90.00  
Projects
Disinvestment of 48708400 shares by the selling shareholders Listing of shares on the Stock Exchanges
Promoted By
The President of India  
Listing At
BSE 
NSE 
Registrar to the Issue
No Data Found.

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