Madhya Bharat Agro Products IPO opens for subscription - Indian IPO Blog

Monday, August 29, 2016

Madhya Bharat Agro Products IPO opens for subscription

Madhya Bharat Agro Products will launch an initial public offer (IPO) which would open for subscription from today, August 29, 2016. The IPO is a fixed price IPO, which would remain open for subscription till September 2, 2016

The company will issue over 57.90 lakh equity shares at the issue price of Rs.24/- per equity share. As against a 100% book building IPO, there is no price band in a fixed priced IPO

According the company website, Madhya Bharat Agro products Ltd. (MBAPL) is one of the major private sector fertilizer manufacturer. MBAPL is dealing in manufacturing of BRP with installed production capacity of 99000 TPA (Licensed capacity -99000 TPA), SSP with installed capacity of 180000 TPY (Licensed capacity 240000 TPY) and Sulphuric Acid with installed capacity of 36000 TPY (having licensed capacity is 99000 TPY). Further the New Project GSSP (having licensed capacity is 180000 TPY) is underway making it completely integrated state of art manufacturing facility.

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