»» Issue Price: Rs. 126 - Rs. 133 Per Equity Share
Issue Detail:
»» Issue Open: Jul 19, 2010 - Jul 21, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 4,500,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 56.70 - 59.85 Crore
»» Face Value: Rs. 10 Per Equity Share
Number of Times Issue is Subscribed (BSE + NSE) As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors Retail Individual Investors (RIIs) Total Shares Offered / Reserved 2,250,000 675,000 1,575,000 4,500,000 Day 1 - Jul 19, 2010 17:00 IST 0.6200 9.2700 0.5600 1.9000 Day 2 - Jul 20, 2010 17:00 IST 0.6900 9.5100 1.3900 2.2600 Day 3 - Jul 21, 2010 17:00 IST 1.8600 48.4100 13.5100 12.9200
Incorporated in 1991, Midfield Industries Ltd is a leading manufacturers of steel strapping systems and providers of packaging solutions. Midfield provide packaging consumables like high tensile steel strapping in various dimensions and strengths, Different Seals for different applications, Collated Nails & Corner boards being used for general and the end of line packaging of goods by varied industries. Currently, the company caters to companies across wide spectrum of industries like steel, aluminium, glass, copper, paper, automobile, white goods and refractory etc.
Steel Strappings of Midfield are of two grades, Supreme and Mega Supreme. Supreme Steel Strapping is made of low carbon, low manganese cold rolled steel. Mega Supreme Steel Strapping is made of medium carbon, high-manganese cold rolled steel. Supreme is designed for low duty packaging applications, where as, Mega Supreme is designed for heavy-duty applications.
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