The MMP Industries IPO date has been confirmed from March 28, 2018 and ended on April 4, 2018. Read the post to learn about MMP Industries IPO GMP.
MMP Industries IPO is a fixed price issue of Rs 84.60 crores. The price band is set at ₹186 to ₹188 per share. The application requires a minimum lot size of 600 shares. The minimum amount of investment required by retail investors is ₹112,800.
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Key Details Of MMP Industries IPO:
Bidding Dates
March 28-April 4
Price Range
₹186 to ₹188 per share
Face Value
₹10 per share
GMP
₹207.20
MMP Industries IPO GMP
The MMP Industries IPO GMP Today is ₹207.20.
MMP Industries IPO Overview
The book-built offering for Rs 84.60 crores is the MMP Industries IPO. MMP Industries initial public offering (IPO) bidding began on March 28, 2018 and ended on April 4, 2018. On Monday, April 9, 2018, the allotment for MMP Industries’ IPO was completed. On April 12, 2018, the shares were listed on the NSE SME. MMP Industries has established an IPO price range of 186 to 188 per share. The MMP Industries IPO GMP Today is ₹207.20.
A minimum lot size of 600 Shares is required for an application. Retail investors must make a minimum commitment of ₹112,800. Having worked in the industry for more than 30 years, MMP Industries has developed a thorough awareness of process-related difficulties and how to tailor its products to satisfy the demands of its clients.
MMP Industries IPO Details
| IPO Date | March 28, 2018 to April 4, 2018 |
| Listing Date | April 12, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹186 to ₹188 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 4,500,000 shares (aggregating up to ₹84.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 225,000 shares |
MMP Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹112,800 |
| Retail (Max) | 1 | 600 | ₹112,800 |
MMP Industries IPO Timeline
| IPO Open Date | Wednesday, March 28, 2018 |
| IPO Close Date | Wednesday, April 4, 2018 |
| Basis of Allotment | Monday, April 9, 2018 |
| Initiation of Refunds | Wednesday, April 11, 2018 |
| Credit of Shares to Demat | Tuesday, April 10, 2018 |
| Listing Date | Thursday, April 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 4, 2018 |
Company Profile
MMP Industries Limited is situated in Nagpur, Maharashtra, and produces aluminium goods. 1973 saw the founding of it. Aluminium conductors (all aluminium, alloy aluminium, and aluminium steel reinforced), aluminium pastes, atomized aluminium powders, and pyro and flake aluminium powders are among the items this firm offers. Aluminium powders (pyro, flake, and atomised) are used in a variety of industries, including construction (AAC Blocks), mining (Aluminised slurry explosives), agricultural (pesticides), defence (ammunition), fire
crackers, trains (thermit sections), and so on. Paints for automobiles, interior design, and industry are made with aluminium pastes. Aluminium conductors are used in the power industry to build overhead transmission lines.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | MMP Industries Limited |
| Phone number | +91 712 252 4645/ 253 358 |
| Email ID | [email protected] |
| Website | mmpil.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Customers from the United States are heavily relied on.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
MMP Industries IPO FAQs
When MMP Industries IPO will open?
The MMP Industries IPO opens on March 28, 2018 and closes on April 4, 2018.
What is the lot size of MMP Industries IPO?
MMP Industries IPO lot size is 600 Shares, and the minimum amount required is ₹112,800.
When is MMP Industries IPO allotment?
The finalization of Basis of Allotment for MMP Industries IPO will be done on Monday, April 9, 2018, and the allotted shares will be credited to your demat account by Tuesday, April 10, 2018.
When is MMP Industries IPO listing date?
The MMP Industries IPO listing date is on April 12, 2018.
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