MMP Industries IPO is set to make its debut on 23 March 18 with 84.60 cr is a Nagpur, Maharashtra based company engaged in manufacturing of aluminium products.
MMP Industries IPO – overview
| IPO Dates | 23-March – 4 April 18 |
| IPO Price | INR 188 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 4,500,000 shares (INR 84.60 crore) |
| Minimum bid (lot size) | 600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 1973, MMP Industries Limited is a Nagpur, Maharashtra based company engaged in manufacturing of aluminium products. Company’s aluminium product range includes pyro and flake aluminium powders, atomised aluminium powders, aluminium pastes, aluminium conductors (all aluminium, alloy aluminium and aluminium steel reinforced).
Aluminium powders (pyro, flake and atomised) are used in many industrial sectors like construction (AAC Blocks) and mining (Aluminised slurry explosives), agriculture (pesticides), defence (ammunition), fire crackers, railways (thermit portions) etc. Aluminium pastes are used in automotive, decorative and industrial paints. Aluminium Conductors are consumed by the power sector for laying of overhead transmission lines.
With over 3 decades of experience MMP Industries has developed in depth ability to understand process related problems and fine tuning of its products to suit customer needs.
Objects of the Issue
1 Setting up a new facility for manufacturing of Atomised Aluminium Powder, Pyro and flake Aluminium Powder and Aluminium Foils
2. Prepayment or repayment of a portion of loan facilities availed by the Company
3. General Corporate Purposes
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 8,352.23 | 6,996.76 | 6,096.39 |
| Total Revenue | 19,485.88 | 19,229.25 | 18,331.70 |
| Profit After Tax | 443.34 | 380.16 | 319.31 |
Company Contact Information
MMP Industries Limited
211, Shrimohini 345,
Kingsway, Nagpur 440 001
Phone: +91 712 252 4645/ 253 358
Email: companysecretary@mmpil.com
Website: http://www.mmpil.com/
MMP Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
MMP Industries IPO Lead Manager(s)
- Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
