Mishra Dhatu Nigam (MIDHANI) IPO
The Hyderabad maker of superalloys, titanium and special steels for defence, space and nuclear programmes listed through a government offer for sale.
- Company
- Mishra Dhatu Nigam (MIDHANI)
- Type
- IPO
- Status
- Completed
- Date
- 23 Mar 2018
- Value
- INR 4.34bn
- US$ equivalent
- US$63m
- Value basis
- ₹434.14 crore to the Government for 26.00% of MIDHANI; all secondary
- Region
- India
- Segment
- Listed equity
Parties
- Mishra Dhatu Nigam issuer
- Government of India (Ministry of Defence) selling shareholder
Key terms
- Offer
- Offer for sale by the President of India, acting through the Ministry of Defence
- Bid/offer period
- 21-23 Mar 2018
- Book running lead managers
- SBI Capital Markets and IDBI Capital Markets & Securities
- Government holding after
- 74.00%
Sources
- SEBI: Mishra Dhatu Nigam Limited red herring prospectus sebi.gov.in · 8 Mar 2018
- DIPAM: disinvestment receipts 2018-19 dipam.gov.in · 2019
Record DEF-INV-2018-0014. Investments are kept apart from the financings register and never counted in debt totals.
