Mishra Dhatu Nigam IPO is another PSU company ipo which might not get good response. We have seen Bharat Dynamics and Hindustan Aeronautics IPO which was not able to get the good subscription even though the discount offers to retailers. We can expect same to happen to Mishra Dhatu Nigam ipo as the gmp is not still active and the interest in psu companies is getting low from QIB, HNI and RII as well. Lets see how it will perform in the 3 days of the subscription. Check Mishra Dhatu Nigam ipo gmp by day to day.
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
