Thursday, July 15, 2010

Upcoming IPO - Midfield Industries Ltd,

Midfield Industries Ltd is entering in the capital markets with an initial public offering,  IPO of 45,00,000 equity shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 126/- at lower level and Rs 133/- at upper level for equity share of Rs 10/-.

Midfield Industries Ltd is a leading manufacturers of steel strapping systems and providers of packaging solutions. Midfield provide packaging consumables like high tensile steel strapping in various dimensions and strengths, Different Seals for different applications, Collated Nails & Corner boards being used for general and the end of line packaging of goods by varied industries. Currently, the company caters to companies across wide spectrum of industries like steel, aluminium, glass, copper, paper, automobile, white goods and refractory etc.

The issue opens on Jul 19, 2010, and closes for subscription on Jul 21, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Click on the below link to find more detail about Midfield Industries Ltd IPO: