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PRODUCT NOTE
MID – FIELD LTD.
OPENS ON :19/07/2010 CLOSES ON : 21/07/2010
Company Details:
  • Established in the year 1990 as Midfield Steels Pvt Ltd. Renamed as Midfield Industries Ltd in the year 2006.

  • Midfield Industries is an ISO 9001 certified company, one of the leading manufacturers of Steel Strapping, Seals, packaging tools and accessories in India. Midfield also manufactures Angle boards, edge protectors, collated nail coils and deals in pneumatics nailers and PET Strap.

  • Company manufactures two grades of High Tensile Steel Strapping viz., Supreme and Mega Supreme. Supreme Grade Steel Strapping is used for light weight applications and Mega Supreme Grade is used for Heavy duty applications.

  • Company’s growth has been 30% to 40% for the past four years and has well experienced professionals on the board and management team, with vast experience in the same field.
FINANCIALS: As on 31.03.2009

Particulars

Amount (Rs in Mn)

Total income

843.91

PBT

81.99

PAT

59.09

Issue Details:
Issue Size : Rs. 56.70 - 59.85 Crore
Face value : Rs. 10 each
Price band : Rs. 126 – 133
Exchanges : NSE & BSE
Minimum Lot Size for Retail :

50 Shares

 
Book Running Lead Manager :
  1. Atherstone Capital Markets Ltd
SYNDICATE MEMBERS
  1. .SMC Global Securities Limited
  2. Chartered Capital and Investment Ltd
  3. Enam Securities Pvt. Ltd.
OBJECTIVE OF THE ISSUE
1. Expansion of capacities at the existing plants;
2. Setting up new facilities;
3. Augmenting long term working capital requirement of the Company;
4. Achieve the benefits of listing on the Stock Exchange.
ISSUE STRUCTURE
S. No. Main Category No of equity shares reserved for the main category
1. QIB 22,50,00
2. Non Institutional

6,75,000

3. Retail 15,75,000
Total Issue Size 1+2+3+ 4500000 Equity Shares

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