MRC Exim Limited is a Mumbai-based company established in October 2015, which deals in the trading of various industrial, metals, and alloy products, particularly iron and steel. The company has a diverse product portfolio and is a multi-product trading company. Some of the products offered by MRC Exim include GI Pipes, Insulators, Transmitters, Heat Exchangers, Conductors, Water Pumps, Graphite, Cobalt, Tungsten, Aluminum, Coil & Steel Pipe, D1 Tool Steel, D2 Tool Steel, and Tool Steel HSD, among others. The company primarily serves corporate clients and others from the fabrication and manufacturing industry.
MRC Exim Limited is a trading company that deals in a range of industrial, metals, and alloy products. The company’s product portfolio is diverse and includes iron and steel products, among others. MRC Exim caters primarily to corporate clients and the fabrication and manufacturing industry.
MRC Exim IPO Details
| IPO Date | Dec 6, 2017 to Dec 8, 2017 |
| Listing Date | Dec 18, 2017 |
| Face Value | ₹10 per share |
| Price | ₹15 per share |
| Lot Size | |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹4.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Industry Overview
According to a report by MarketsandMarkets, the metal trading market size is projected to reach USD 5.5 trillion by 2026, growing at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2026. The growth in the market is attributed to factors such as increasing infrastructure investments, growth in the automotive and aerospace industries, and the rising demand for metals in the construction sector.
Moreover, the Indian steel industry is expected to grow significantly in the coming years. According to a report by India Brand Equity Foundation (IBEF), India is the world’s second-largest steel producer, and its steel industry is expected to reach a capacity of 300 million tonnes by 2030. The demand for steel in India is expected to increase due to the government’s focus on infrastructure development and urbanization.
Objects of the Issue
The objects of the Net Proceeds of the Issue are:
1. Augmenting additional working capital requirements
Company believe that listing will enhance its corporate image and visibility of brand name. Company also believe
that it will receive the benefits from listing of Equity Shares on the SME Platform of BSE. It will also provide liquidity to the existing shareholders and will also create a public trading market for the Equity Shares of the Company.
MRC Exim IPO Prospectus
Company Contact Information
MRC Exim Limited
106, Siddhesh Apartment, 2nd Khattar gali,
Thakurdwar Road, Charni Road East,
Mumbai 400 004
Phone: +91 22 2203 1638
Email: info@mrcexim.co.in
Website: http://www.mrcexim.co.in
MRC Exim IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: info@mrcexim.co.in
Website: http://www.purvashare.com
