Incorporated in 1973, Mishra Dhatu Nigam Ltd is Hyderabad based PSU engaged in the business of manufacturering of special steels, superalloys and titanium alloys in India. These high value products cater to niche sectors including defense, space and power. Company is Mini Ratna, Category-I company since 2009.
Mishra Dhatu Nigam manufactures:
- Special steels like martensitic steel, ultra high strength steel, austenitic steel and precipitation hardening steel.
- Three varieties of Superalloys – nickel base, iron base and cobalt base.
- Titanium alloys.
Mishra Dhatu Nigam has a manufacturing facility in Hyderabad. Compant is in the process of setting up two new manufacturing facilities in Rohtak and Nellore. Company has an in-house research and development team comprising of 14 officers. Company has 836 employees.
Competitive Strengths - Only facility in India to carry out vacuum based melting and refining
- Capability to manufacture wide range of advanced products
- Research and development based technology development
Mishra Dhatu Nigam IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹87 to ₹90 per equity share |
| Market Lot | 150 Shares |
| Min Order Quantity | 150 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 541195 |
| NSE Symbol | MIDHANI |
| ISIN | INE099Z01011 |
| Issue Size | Aggregating up to ₹438.38 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Mishra Dhatu Nigam IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 21-Mar-18 |
| IPO Close Date | 23-Mar-18 |
| Basis of Allotment Date | 28-Mar-18 |
| IPO Listing Date | 4/4/2018 |
Mishra Dhatu Nigam IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 150 | ₹13,500 |
| Maximum | 14 | 2100 | ₹189,000 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Mishra Dhatu Nigam Limited
Company Promoters:
The promoter of the company is the President of India acting through the Ministry of Defence, Government of India.
Objects of the Issue:
The objects of the Offer are:
- to carry out the disinvestment of 46,835,000 Equity Shares by the Selling Shareholder
constituting 25% of Company’s pre-Offer paid up Equity Share capital; and - to achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.
Registrar & Company Details
| Company Contact Information | Mishra Dhatu Nigam IPO Registrar |
| Mishra Dhatu Nigam Limited P.O. Kanchanbagh, Hyderabad – 500 058 Phone: +91-040-24340853 Email: secretary@midhani.com Website: http://www.midhani.com/ | Alankit Assignments Ltd Alankit House 2E/21, Jhandewalan Extension, New Delhi – 110055 Phone: (011) 4254 1234 Email: midhani_ipo@alankit.com Website: https://www.alankit.com/ |
