Mishra Dhatu Nigam IPO Listed at 3% Discount at 87

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Mishra Dhatu Nigam ipo to list on 4th April, Wednesday on BSE and NSE. As the company already not able to get the gmp on the cards we expected a flat listing of the stock. Midhani listed at 3% discount at Rs.87 which was expected. As the discount of Rs.3 was given to retailers so the listing was flat at 87. It was good listing after no interest by the investors in the subscription. We can expect it to reach around Rs.100 with stop loss of Rs.80. Happy investing.

Mishra Dhatu Nigam IPO Listing Date, Listing Price, NSE Code, ISIN Number & Other Details are given below:

BSE Code 541195
NSE Code MIDHANI
Group B
ISIN No INE099Z01011
Offer Price Rs.87 / 90
Face Value Rs.10
Listing Date 04-Apr-18,Wednesday

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Mishra Dhatu Nigam IPO Listing Price: Live Quote

Details BSE Listing NSE Listing
Listing Price
87.00
87.00
High Price
90.90
90.90
Low Price
86.35
86.05
Close Price
90.00
90.05
Mishra Dhatu Nigam IPO Subscription: (Fully Subscribed)

Day QIB NII RII EMP Total
Day 1 0.45 0.00 0.10 0.03 0.26
Day 2 1.09 0.00 0.32 0.12 0.64
Day 3 1.96 0.13 0.72 0.25 1.21

Mishra Dhatu Nigam IPO Dates & Price Band: (Approx)

  • IPO Open: 21-March-2018
  • IPO Close: 23-March-2018
  • IPO Size: Approx Rs.438 Crore (Approx)
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.87 to 90 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 46,835,000 Shares
  • Discount: Rs.3 for Retail & Employee

Mishra Dhatu Nigam IPO Market Lot:

  • Shares: Apply for 150 Shares (Minimum Lot Size)
  • Amount: Rs.13,050 (For Retail & Employee)
  • Amount: Rs.13,500 (For HNI & QIB)

Mishra Dhatu Nigam IPO Allotment & Listing:

  • Basis of Allotment: 28-March-2018
  • Refunds: 2-April-2018
  • Credit to demat accounts: 3-April-2018
  • Listing: 4-April-2018

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.