MMP Industries Limited

Old Bridge’s Vantage Equity Fund &Raisonneur Capital Limited have subscribed to 100% of anchor investment of MMP Industries Limited, SME IPO at an upper band of Rs. 188/- per equity share

Issue opens on 28^th March & closes on 4^th April andgetting listed on Emerge Platform of National Stock Exchange of India Limited (“NSE EMERGE”)

Largest IPO so far on NSE EMERGE

45.00 lakh equity shares are offered at a price band of Rs. 186-188 per equity share and minimum lot size is at 600 equity shares

Global player in manufacturing of aluminium powder and aluminium paste

Infrastructure, explosives, paints & Agriculture are key target sectors

Guiness Corporate Advisors Private Limited is the Book Running Lead Manager for the issue

Old Bridge’s Vantage Equity Fund and Raisonneur Capital Limited, have subscribed 100% of the anchor book reserved for the issue. The total anchor book reserved in the IPO was at Rs. 24.09 crore, out of which Vantage Equity Fund have invested Rs. 20crore (approximately) and Raisonneur Capital Limited have invested Rs. 10 crore (approximately), which has resulted in oversubscription of 1.25 times.

MMP Industries Limited (MMPIL) is primarily intomanufacturing of aluminium products. Over the course of last three decades of its operations, the company has become a global player in the field of Aluminium powder and Aluminium pastes.

MMPIL is going to issue 45 lakhs equity shares at issue price band of Rs. 186-188 per equity share and the minimum lot size is at 600 equity shares. The objective of the issue is to use the proceeds mainly for setting up a new facility for manufacturing of Atomised Aluminium Powder, Pyro and Flake Aluminium Powder and Aluminium Foils, prepayment or repayment of a portion of loan facilities and general corporate purposes.

As per Restated Standalone Financial Statements, net revenues increased by 12% toRs.203.93crores in FY 2017 as against Rs.181.20crores in FY 2016.During six month period ended 2017, the revenues stood at Rs.105.56 crores. Profit after Tax (PAT) increased by 77.88% from7.78 crores in FY 2016 to Rs 13.8 crores in FY 2017. For six month period ended 2017, PAT stood at Rs 6.40crores. Net revenues increased at a CAGR of 13.62% during the period FY 2015 to FY 2017 while PAT increased by 93.26% CAGR for the same period.

Commenting on the occasion, Mr. Arun Bhandari, Chairman &Managing Director, said that, “We are very delighted to close our anchor book successfully with marquee investors from both Domestic Institutions and FII’s. This is a great start for the IPO.

He further added that, “The funds raised from the IPO are going to give us growth capital required for expanding our capacities, adding new products and reducing finance cost”