From L to R –Mr. Aunali Rupani – Director -Arm Research, Mr. Kamal Kothari, Md- Guiness Capital Advisors, Mr Arun Bhandari MD- MMPIL and Mr. Mayank Bhandari – Dir – MMPIL.
~SME segment has turned mature and is going to see first SME IPO for fund mobilization of Rs. 80-85 crore in the beginning of CY 2018.~
MUMBAI, 31 december, 2017 (GPN) : MMP Industries Ltd. (MMPIL) (formerly known as Maharashtra Metal Powers Ltd.) was established in 1983 near the central Indian city of Nagpur. It is a flagship company of Bhandari group of Nagpur. During three decades of its operation, the company has become a global player in the field of Aluminium powder and Aluminium pastes. MMPIL has over the time invested significantly in Research and developed various grades of Aluminium powder and related products. Apart from the domestic market, its products are exported across the globe to countries in Europe, Middle-East, Africa and the Asia Pacific. MMPIL has developed an extensive range of Aluminium Powders for the Construction Industry. MMPIL is the Pioneer in this segment and can offer the products with varied customer requirements. MMPIL has recently diversified into the field of Aluminium Conductors and set-up a plant with an installed capacity of 1000 MT/Month in the first phase. MMPIL has a total land bank of nearly 100 acres that will take care of its expansion plans.
Besides MMPIL, group has joint ventures called Star Circlips & Engineering Ltd (SCEL). It is one of the leading manufacturers of Circlips, retaining rings, washers, shims and formed components, in the world. Nearly 35% of Star’s yearly sales constitute of exports, with Germany and USA being the major markets. The company entered into a technical and sales collaboration with Seeger-Orbis of Germany in 2004 and has set up a state of the art facility near Nagpur. Apart from great variety of standardized products it also offers, on request, a large number of customer specific items. Star Circlips has a fully equipped tool room with the latest machinery in order to satisfy the demands of customers. Keeping in mind the dynamic nature of Industry worldwide Star invests substantially in Research and Development in order to serve its customers in the best possible way.
MMPIL has recently formed a JV with Toyal of Japan to manufacture quality Aluminimum paste to cater domestic and south east markets demand on a 74:26 basis partnership. This company set to go on stream within two week’s time. This is the largest plant outside Japan for Toyal.
MMPIL mulls dilution of 26% of post issue paid up equity capital of the company to raise Rs. 80-85 crore with a fresh issue of equity shares. Funds will be used for expansion, repayment of debts, working capital and general corpus fund needs. Issue is lead managed by Guiness Corporate Advisors Pvt. Ltd. More financial and other details will be announced one week before the opening of the issue. Company is confident of reasonably handsome rewards in the long term to its new stakeholders.
MMPIL recently conducted analyst plant visit in la big way wherein nearly 50 analysts participated and were apprised of company’s role model.ENDS
