Midfield Industries IPO : Listing on 4th Aug 2010

by khalid on 04/08/2010 · 0 comments

Midfield Industries Ltd is a leading manufacturers of steel strapping systems and providers of packaging solutions. Midfield Industries Ltd has entered the capital market with an initial public offering (IPO) of 4,500,000 Equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 4th Aug 2010. The IPO was open from 19th July 2010 to 21th July 2010. The price band was Rs 126 to Rs 133 and the Issue Price was fixed at the upper level of price band, Rs 133 per equity share.

IPO Listing Detail :-
Listing Date: 4th Aug 2010
BSE Scrip Code : 533220
NSE Symbol :
Listing In : ‘B’ Group of Securities
ISIN : INE091K01010
Issue Price : Rs. 133.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the IPO will be used for expansion of capacities at the existing plants, setting up new facilities, augmenting long term working capital requirement of the Company, general Corporate Purposes and achieve the benefits of listing on the Stock Exchange.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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