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 Developers IPO is a fixed price issue of Rs 84.60 crores. The price band is set at ₹186 to ₹188 per share. The minimum lot size for an application is 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 MMP Industries IPO is a book-built offering for Rs 84.60 crores. 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. The IPO price range for MMP Industries is set at 186 to 188 per share. The MMP Industries IPO GMP Today is ₹207.20.
An application requires a minimum lot size of 600 Shares. Retail investors must make a minimum commitment of ₹112,800. With over three decades of experience, MMP Industries has acquired an in-depth understanding of process-related challenges and the fine-tuning of its products to meet the needs of its customers.
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 a Nagpur, Maharashtra-based firm that manufactures aluminium products. It was founded in 1973. Aluminium products offered by the company include pyro and flake aluminium powders, atomised aluminium powders, aluminium pastes, and aluminium conductors (all aluminium, alloy aluminium, and aluminium steel reinforced). 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. Aluminium pastes are used in the production of automotive, ornamental, and industrial paints. 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 | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | MMP Industries Limited |
| Phone number | +91 712 252 4645/ 253 358 |
| Email ID | companysecretary@mmpil.com |
| 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
- Heavy reliance on customers based in the United States.
- 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
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