Incorporated in 1991, 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.
Steel Strappings of Midfield are  of two grades, Supreme and Mega Supreme. Supreme Steel Strapping is made  of low carbon, low manganese cold rolled steel. Mega Supreme Steel  Strapping is made of medium carbon, high-manganese cold rolled steel.  Supreme is designed for low duty packaging applications, where as, Mega  Supreme is designed for heavy-duty applications.
Company's Promoters are:1.  Mr. M. Madhu Mohan Reddy, 51, years, is a Bachelor of Commerce from Sri  Venkateswara University, Tirupati and Master in Business Administration  from Andhra University.
2. Mrs. M Supraja, 49 years, is wife of Mr. M  Madhu Mohan Reddy.
| Particulars | For the year/period ended (Rs. in Million) | 
| 
 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 
| Total Income | 843.91 | 701.64 | 521.16 | 439.10 | 262.91 | 
| Profit After Tax (PAT) | 59.09 | 41.60 | 18.67 | 17.10 | 2.12 | 
The objects of the issue  are:1. Expansion of capacities at the existing plants;
2.  Setting up new facilities;
3. Augmenting long term working capital  requirement of the Company;
4. General Corporate Purposes; and
5.  Achieve the benefits of listing on the Stock Exchange.
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Issue Open: Jul 19, 2010 - Jul 21, 2010     
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Issue Type: 100% Book Built Issue IPO     
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Issue Size: 4,500,000 Equity Shares of  Rs. 10     
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Issue Size:  Rs. 56.70 - 59.85 Crore     
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Face Value: Rs. 10 Per Equity Share      
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Issue Price: Rs. 126 - Rs. 133 Per Equity  Share     
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Market Lot: 50 Shares     
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Minimum Order Quantity: 50 Shares     
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Listing At: BSE
Midfield Industries Ltd IPO Grading / Rating
Brickwork Ratings (BWR) has assigned an IPO Grade 2 to Midfield  Industries Ltd IPO. This means as per Brickwork Ratings company has '
Below  Average Fundamentals'. Brickwork Ratings assigns IPO grading on a  scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1  indicating poor fundamentals. 
Click here to download the Brickwork IPO Grading  Document for Midfield Industries Ltd.