Business 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) | ||||||
| Â | 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 | Â 0.08 |
| Day 2 | Â 0.11 |
| Day 3 | Â 0.20 |
| Day 4 | Â 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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
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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)
