What is the price band of the Mishra Dhatu Nigam IPO?

The price band is ₹87.0–90.0 per share, and the final issue price is ₹90.0.

What is the lot size of the Mishra Dhatu Nigam IPO?

One lot is 150 shares, so the minimum retail bid is ₹13,500 at the upper end of the price band.

When is the Mishra Dhatu Nigam IPO listing date?

The shares listed on 04 April 2018.

How many times was the Mishra Dhatu Nigam IPO subscribed?

It was subscribed 1.21x overall: QIB 1.96x, NII 0.12x and retail 0.72x (NSE and BSE together).

Mishra Dhatu Nigam IPO

Mishra Dhatu Nigam Limited (MIDHANI) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 04 April 2018.

Listed 4 Apr Subscribed 1.21x Listing gain -3.3%

Issue details

Price band

₹87.0–90.0

Issue price

₹90.0

Lot size

150 shares

Min. retail bid

₹13,500

Max. retail bid

14 lots (₹1,89,000)

Issue size

₹755 Cr

Face value

₹10

Bidding

21 Mar – 23 Mar 2018

Listing

04 Apr 2018

Retail quota

35%

Registrar

Alankit Assignments Limited

Discount

Rs 3/- per Equity Shares for Retail and Eligible Employee Category

Listing day

Listed at

₹87.0

-3.3% vs issue price ₹90.0

Day's high

₹91.0

+1.1% · low ₹86.0 (-4.4%)

Day's close

₹90.0

+0.1% · traded ₹150 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	2,34,17,500	4,58,59,200	1.96x
NII (HNI) total	70,25,250	8,78,100	0.12x
Retail	1,63,92,250	1,18,40,700	0.72x
Employees	18,73,400	4,88,850	0.26x
Total	4,87,08,400	5,90,66,850	1.21x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 17% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Mishra Dhatu Nigam's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
HealthCare Global EnterprisesMar 2016	2.36x	0.43x	0.83x	1.56x	₹650 Cr	-3.6%	-2.8%
Aster DM HealthcareFeb 2018	2.10x	0.55x	1.18x	1.31x	₹1,010 Cr	-3.7%	-1.1%
Bharat DynamicsMar 2018	1.50x	0.50x	1.41x	1.30x	₹1,667 Cr	-13.6%	-5.9%
Khadim IndiaNov 2017	2.44x	0.18x	2.33x	1.90x	₹544 Cr	-2.7%	-1.4%
Varun BeveragesOct 2016	4.94x	0.42x	0.82x	1.86x	₹1,112 Cr	-3.4%	+6.0%
Precision CamshaftsJan 2016	2.62x	0.73x	2.01x	1.91x	₹424 Cr	-11.3%	-0.5%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
SBI Capital Markets	56	+16.7%	61%
IDBI Capital Markets & Securities	7	+19.1%	43%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip)

Frequently asked

What is the Mishra Dhatu Nigam IPO price band and lot size? ₹87.0–90.0 per share, with a lot of 150 shares, so the smallest retail bid is ₹13,500.

How many times has it been subscribed? 1.21x overall: QIB 1.96x, NII 0.12x, retail 0.72x, employees 0.26x.

How did it list? It opened at ₹87.0, -3.3% against the issue price of ₹90.0, and closed its first day +0.1%.

Other IPOs of 2018

Dinesh Engineers Garden Reach Shipbuilders & Engineers Aavas Financiers Ircon International HDFC Asset Management Company TCNS Clothing Co.Varroc Engineering RITES All 2018 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.