IPO MID – FIELD LTD.

MID – FIELD LTD.

OPENS ON: 19/07/2010                                     

CLOSES ON : 21/07/2010

 

COMPANY DETAILS:

• Established in the year 1990 as Midfield Steels Pvt Ltd. Renamed as Midfield Industries Ltd in the year 2006.
• Midfield Industries is an ISO 9001 certified company, one of the leading manufacturers of Steel Strapping, Seals, packaging tools and accessories in India.  Midfield also manufactures Angle boards, edge protectors, collated nail coils and deals in pneumatics nailers and PET Strap.
• Company manufactures two grades of High Tensile Steel Strapping viz., Supreme and Mega Supreme.  Supreme Grade Steel Strapping is used for light weight applications and Mega Supreme Grade is used for Heavy duty applications.
• Company's growth has been 30% to 40% for the past four years and has well experienced professionals on the board and management team, with vast experience in the same field.

 

FINANCIALS: As on 31.03.2009

Particulars	Amount (Rs in Mn)
Total income	843.91
PBT	81.99
PAT	59.09

 

Issue Details:

          Issue Size                                     Rs. 56.70 - 59.85 Crore

          Face value                                    Rs. 10 each

          Price band                                    Rs. 126 – 133   

          Exchanges                                    NSE & BSE

          Minimum Lot Size for Retail           50 Shares 

OBJECTIVE OF THE ISSUE

1. Expansion of capacities at the existing plants;
2. Setting up new facilities;
3. Augmenting long term working capital requirement of the Company;
4. Achieve the benefits of listing on the Stock Exchange.

 

ISSUE STRUCTURE:

S. No.	Main Category	No of equity shares reserved for the main category
1	QIB	22,50,00
2	Non Institutional	6,75,000
3	Retail	15,75,000
Total Issue size	1+2+3	4500000 Equity Shares

                                       

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