MMP Industries IPO

MMP Industries IPOBusiness description - MMP Industries is engaged in manufacturing of aluminium products at locations at and close to Nagpur. The 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). Its Unit I and Unit IV (NPM Industries) are engaged in the manufacturing of aforesaid Products while Unit III (Mars Industries) is engaged in the manufacturing of manganese oxide and di-oxide powders and Unit II (H.M. Engineering) is engaged in job work of sheet metal components for a Group Entity, Star Circlips & Engineering Limited. The company has entered into a Joint Venture with Toyo Aluminium K.K. of Japan for the manufacturing of specialty aluminium pastes in a new company ―Toyal MMP India Private Limited.

  • MMP Industries is proposing to set up a manufacturing facility for the following:
  • Manufacturing of Atomised Aluminium Powder with the installed capacity of 4800 MTPA
  • Manufacturing of Pyro and Flake Aluminium Powder with the installed capacity of 1800 MTPA .
  • Manufacturing of Aluminium Foils with the installed capacity of 5000 MTPA. Through this diversification into aluminium foils, the company will be manufacturing foils for use in pharma packaging, flexible food packaging and foils for use in households. Aluminium foils will be its first product to be directly used by consumers.
Promoters of MMP Industries – Arun Bhandari
MMP Industries IPO details
Subscription Dates 28 March - 4 April 2018
IPO Price band INR186 - 188 per share
Fresh issue 4,500,000 shares (INR83.7 - 84.6 crore)
Offer for sale Nil
Total IPO size 4,50,000 shares (INR83.7 - 84.6 crore)
Minimum bid (lot size) 600 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE Emerge SME platform
Use of funds
  • Setting up a new facility for manufacturing of Atomised Aluminium Powder , Pyro and Flake Aluminium Powder and Aluminium Foils - INR58.89 crore
  • Prepayment or repayment of a portion of loan facilities
  • General corporate purposes
MMP Industries' financial performance (in INR crore)
  FY2013 FY2014 FY2015 FY2016* FY2017* H1 FY2018*
Total revenue 104.5 121.7 157.6 181.2 203.9 105.6
Total expenses 102.6 118.0 152.0 169.4 188.8 95.7
Profit after tax -0.8 2.5 3.7 8.9 16.6 8.1

*consolidated results

MMP Industries' Contact Details

MMP Industries Limited
B-24, MIDC Area
Hingna
Nagpur – 440016

Phone: +91 712 252 4645
Email: [email protected]
Website: www.mmpil.com

MMP Industries IPO Subscription Details
Day Subscription (no. of times)
Day 1  0.08
Day 2  0.11
Day 3  0.20
Day 4  1.09
MMP Industries Valuation (Latest FY)

Earnings Per Share (EPS): INR11.13

Price/Earnings (P/E) ratio: 16.71 - 16.89

Return on Net Worth (RONW): 32.25%

Net Asset Value (NAV): INR51.78 per share

Registrar of MMP Industries IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

 
MMP Industries IPO Allotment Status

MMP Industries IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of MMP Industries

IPO Opening Date: 28 March 2018

IPO Closing Date: 4 April 2018

Finalisation of Basis of Allotment: 9 April 2018

Initiation of refunds: 11 April 2018

Transfer of shares to demat accounts: 10 April 2018

Listing Date: 12 April 2018

Listing Price on NSE SME: INR190 per share (up 1.06% from IPO price)

Closing Price on NSE SME: INR199.5 per share (up 6.12% from IPO price)

MMP Industries IPO
Rate this post

Leave a Reply

Your email address will not be published. Required fields are marked *