Incorporated in 1991, Midfield Industries Ltd is a leading manufacturers of steel strapping systems and providers of packaging solutions. Midfield provide packaging consumables like high tensile steel strapping in various dimensions and strengths, Different Seals for different applications, Collated Nails & Corner boards being used for general and the end of line packaging of goods by varied industries. Currently, the company caters to companies across wide spectrum of industries like steel, aluminium, glass, copper, paper, automobile, white goods and refractory etc.
Steel Strappings of Midfield are of two grades, Supreme and Mega Supreme. Supreme Steel Strapping is made of low carbon, low manganese cold rolled steel. Mega Supreme Steel Strapping is made of medium carbon, high-manganese cold rolled steel. Supreme is designed for low duty packaging applications, where as, Mega Supreme is designed for heavy-duty applications.
Company's Promoters are:1. Mr. M. Madhu Mohan Reddy, 51, years, is a Bachelor of Commerce from Sri Venkateswara University, Tirupati and Master in Business Administration from Andhra University.
2. Mrs. M Supraja, 49 years, is wife of Mr. M Madhu Mohan Reddy.
Particulars | For the year/period ended (Rs. in Million) |
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 |
Total Income | 843.91 | 701.64 | 521.16 | 439.10 | 262.91 |
Profit After Tax (PAT) | 59.09 | 41.60 | 18.67 | 17.10 | 2.12 |
The objects of the issue are:1. Expansion of capacities at the existing plants;
2. Setting up new facilities;
3. Augmenting long term working capital requirement of the Company;
4. General Corporate Purposes; and
5. Achieve the benefits of listing on the Stock Exchange.
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Issue Open: Jul 19, 2010 - Jul 21, 2010
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Issue Type: 100% Book Built Issue IPO
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Issue Size: 4,500,000 Equity Shares of Rs. 10
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Issue Size: Rs. 56.70 - 59.85 Crore
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Face Value: Rs. 10 Per Equity Share
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Issue Price: Rs. 126 - Rs. 133 Per Equity Share
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Market Lot: 50 Shares
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Minimum Order Quantity: 50 Shares
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Listing At: BSE
Midfield Industries Ltd IPO Grading / Rating
Brickwork Ratings (BWR) has assigned an IPO Grade 2 to Midfield Industries Ltd IPO. This means as per Brickwork Ratings company has '
Below Average Fundamentals'. Brickwork Ratings assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Click here to download the Brickwork IPO Grading Document for Midfield Industries Ltd.