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IPO: Mishra Dhatu Nigam Limited

Company & Business Profile

Mishra Dhatu Nigam Ltd (MIDHANI) is Hyderabad based PSU engaged in the business of manufacturing of special steels, Superalloys and only manufacturer of titanium alloys in India. These are high value products which cater to niche end user segments such as defence, space and power. With the growth of business and operations, Midhani achieved the status of a Mini Ratna, Category-I company in 2009.

The company is one of the few metallurgical plants of its kind in the world, designed to manufacture a wide range of special metals and alloys using integrated and highly flexible manufacturing systems. The company manufactures unique combinations of metal and alloys. These special alloys have superior mechanical properties and better workability which are essential for special applications in aerospace, power generation, nuclear, defence and other general engineering industries.

Objects of the Issue

The objects of the offer are:

  1. To carry out the disinvestment of 46,835,000 equity shares by the selling shareholder
    constituting 25% of company’s pre-offer paid up equity share capital; and
  2. To achieve the benefits of listing the equity shares on the stock exchanges.

Company will not receive any proceeds from the offer and all proceeds shall go to the selling shareholder.

Listing

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

Apply in IPO now in ASBA mode, to apply call us at 91-7024471019.

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