Let’s have a detailed review of the company and analytics of the Midland Micro IPO release date, IPO offer price, subscription, Midland Micro Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs Million
Tick Size1

Midland Micro IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Midland Micro Share Price – Live Performance

Midland Micro IPO – Summary

Midland Micro IPO

Midland Micro Finance is a MFI or a micro finance institution, which was set up in the year 2011. It is the first Punjab-based microfinance institution to have started its operations in the domain.

The primary focus of the company is to empower women, by providing likewise small business loans to the ones who need it. 

The Promoter of this company is Mr. Manish Kumar Dabkara. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.


Midland Micro IPO Date

The opening and the closing date of the IPO of Midland Micro Limited are not available yet.


Midland Micro IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Midland Micro IPO LIVE Subscription

  • Midland Micro IPO LIVE Bid details on BSE
  • Midland Micro IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Midland Micro IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Midland Micro Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Midland Micro IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Midland Micro IPO Equity Size

This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Midland Micro IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million


Midland Micro IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Midland Micro Share Price

Midland Micro IPO Grey Market Premium

The Midland Micro Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Midland Micro IPO – Company Overview

Belonging to the hub of microfinance institution and the first Punjab-based microfinance institution, Midland Micro Finance was established in the year 2011. The company has created a sprawling customer base via its 100 branches spread across the nation.

They have gained more than 200,000 borrowers, providing products and services to support women and their micro-enterprises. Such enterprises could be anything ranging from repair shops, embroidery centres and beauty parlours.


Midland Micro IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Million)
30-Jun-2031-Mar-20Mar-1931-Mar-18
Total Assets
*Total Revenue
Total Expense
Profit After Tax

Earnings per Equity Share (in Million)

30-Jun-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted

 

Further, their PAT for the period ended on June 30, 2020, March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 135.51 Million, Rs. 447.45 Million, Rs. 68.04 Million and Rs. 26.91 Million respectively.


Midland Micro IPO – Promoters

The Promoter of this company is:

List of Related Parties (Key Managerial Personnel)

  • Mr. Manish Kumar Dabkara, Chairman & Managing Director
  • Mr. Naveen Sharma, Chief Financial Officer
  • Mr. Babita Kumawat, Company Secretary and Compliance Officer

Midland Micro IPO – Promoters Holding

  • Pre Issue Share Holding – %
  • Pos Issue Share Holding – %

Midland Micro IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the IssueX Equity Shares
 Equity Shares outstanding after the IssueX Equity Shares

Midland Micro IPO Issue Object

Their Company proposes to utilise the Net Proceeds towards funding the following objects:

1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses

Midland Micro IPO – Business Strategy

  • Focus on Consultancy Business and spreading awareness about carbon neutrality
  • Increase the use of technology to improve operational efficiency
  • Expanding their customer base
  • Creating awareness to reduce carbon emissions

Midland Micro IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Quality Assurance, timely payment, and delivery
  • Broad customer base and strong relationships with their customers
  • Multiple Business verticals under one roof
  • Qualified management team and employee base

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-20
31-Mar-19
Mar-18

Midland Micro IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
Midland Micro Limited10[●]8.8673.1120.43
Listed Peers
Mitcon Consultancy and
Engineering Services Limited
1012.463.133.91%42.72

Midland Micro IPO Lead Managers

Lead Managers

Midland Micro IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
Address:-1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400059
Tel No.:+91-022-62638200
Fax No.: +91-022-62638299
Website:www.bigshareonline.com
Email:ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com

Midland Micro IPO – Other Details

  • Statutory Auditor – NA
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  NA


Midland Micro IPO Review by Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    Midland Micro Limited IPO News

    News 1 – Midland Micro Limited IPO DRHP Download

    News 2 – Midland Micro IPO RHP Download


    Midland Micro IPO Review FAQs

    Ques – What is the Issue Size of Midland Micro IPO?

    Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

    Ques – What is the Price band of Midland Micro IPO?

    Answer – The price band for this particular IPO, i.e. Midland Micro IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

    Ques – What is the Midland Micro IPO Open Date?

    Answer – The opening and closing dates for Midland Micro IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

    Ques – What is the Midland Micro IPO Allotment Date?

    Answer – We also have the news regarding the respective allotment dates of Midland Micro IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

    Ques – What is the Midland Micro IPO Listing Date?

    Answer – Shares of Midland Micro shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

    Ques – Who is the Registrar of Midland Micro IPO?

    Answer – One of the reputed registrars is managing the issue of Midland Micro IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

    Ques – Who is the Promoter of Midland Micro IPO?

    Answer – Here are the promoters of Midland Micro – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

    Ques – What is GMP of Midland Micro IPO?

    Answer – We have obtained the GMP of Midland Micro IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Ques – Is Midland Micro IPO good for Investment?

    Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

    Ques – What is the PAT of Midland Micro Company?

    Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Million is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.


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