Mishra Dhatu Nigam Ltd - IPO

Mishra Dhatu Nigam Ltd IPO Details

Public offer of 48,708,400 equity shares of face value of Rs.10 each (Equity Shares) of Mishra Dhatu Nigam Limited (The Company) through an offer for Sale By The President of India acting through the ministry of defence (The Selling Shareholder) for cash at a price* of Rs. 90 Per equity Share (The Offer Price), aggregating to Rs. 435.02 Crores (The offer). The company has reserved a portion of 1,873,400 equity shares for allocation and allotment to eligible employees (The Employee Reservation Portion). The offer less employee reservation portion is referred to as the net offer. The offer and the net offer will constitute 26% and 25% respectively, of the pre and post offer paid-up equity share capital of the company.The Offer Price is Rs. 90 per equity share of face value of Rs.10 each.The Offer price is 9.0 times of face value of equity share. * Retail Discount of Rs.3 per equity share to the offer price was offered to the Retail Individual Bidders and Employee Discount of Rs. 3 per equity share to the offer price was offered to the eligible employees bidding in the Employee Reservation Portion.

Objective of issue

Disinvestment of 48708400 shares by the selling shareholders. Listing of shares on the Stock Exchanges.

Mishra Dhatu Nigam Ltd Contact Details

Mishra Dhatu Nigam Ltd, 205/208, Anarkali Market, Jhandewalan Extn, New Delhi - 110055

Phone - 91-011-42541965/42541953

Fax - 91-011-41540064

Email - secretary@midhani.com

Website - https:, midhani-india.in