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Manas Properties Ltd IPO (Manas Properties IPO) Detail

Mar 17, 2017 - Mar 22, 2017

Incorporated in 2004, Manas Properties Ltd is an India-based real estate company. The company is primarily into the business of acquiring properties and leasing / letting it out to their corporate/industrial clients thereby earning lease rentals / license fees as consideration, as well as earning price appreciation (as the case may be). The Company is engaged in the business of developing and renting of immovable properties, and providing real estate marketing and consultancy services wherein they support sales/ lease targets of builders/ developers in return for commission on a fixed/ percentage basis.

Currently company owns a property ad measuring approximately 3,078 square meters of built up area located at Mumbai, which has been leased out to Junobo Hotels Private Limited, for operating “Soho House”, a private luxury club. The Company provides real estate marketing services to Dev Land and Housing Private Limited and other real estate developers in Mumbai.

Company Promoters:

The Promoters of the company are:

1. Mr. Vijay Thakkar (Individual Promoter)
2. Dev Land & Housing Pvt. Ltd. (Corporate Promoter)

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
30-Nov-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 3,557.45 7,834.92 8,147.41 9,524.96 10,677.89 10,218.18
Total Revenue 198.28 772.85 711.06 827.97 1,102.72 138.01
Profit After Tax (PAT) 124.61 534.04 (160.87) (280.40) (23.70) (85.32)

Objects of the Issue:

The object of the issue are:

1. Repayment of Loans to make the company debt free;
2. Acquisition of property for expansion of own/lease portfolio;
3. General Corporate Purposes; and
4. Offer related expenses.

Issue Detail:

  »»  Issue Open: Mar 17, 2017 - Mar 22, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,110,000 Equity Shares of Rs 10 aggregating up to Rs 39.96 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 360 Per Equity Share
  »»  Market Lot: 300 Shares
  »»  Minimum Order Quantity: 300 Shares
  »»  Listing At: BSE SME

Manas Properties IPO Reviews:

  1. Manas Properties Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeTotal
Shares Offered / Reserved
Day 1 - Mar 17, 2017 21:00 IST58200
Day 2 - Mar 20, 2017 20:00 IST214500
Day 3 - Mar 21, 2017 18:40 IST759300
Day 4 - Mar 22, 2017 18:50 IST1169400

Manas Properties IPO Prospectus

Manas Properties IPO Rating

17
3.1
Rating:Rated 3.1 stars

Vote Here ...

Manas Properties IPO Listing Date

  •   ›  Listing Date: Thursday, March 30, 2017
  •   ›  BSE Script Code: 540402
  •   ›  NSE Symbol:
  •   ›  Listing In: M Group of Securities
  •   ›  ISIN: INE800W01019
  •   ›  Issue Price: Rs 360 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 360.00
Rs 360.55
Rs 360.00
Rs 364.90
Rs 360.20
84,600

Manas Properties IPO News Alerts

  1. Thursday, March 30, 2017 12:00:00 AM
    Manas Properties Ltd IPO - Listing
  2. Wednesday, March 22, 2017 12:00:00 AM
    Manas Properties Ltd IPO - Close
  3. Friday, March 17, 2017 12:00:00 AM
    Manas Properties Ltd IPO - Open

Company Contact Information

Manas Properties Ltd
10th floor, Dev Plaza,
Opp. Andheri Fire Station,
S.V. Road, Andheri (West), Mumbai
Phone: +91–22– 4038 3838
Fax: +91–22–2624 3218
Email: info@manasproperties.co.in
Website: http://www.manasproperties.co.in

Manas Properties IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Manas Properties IPO Lead Manager(s)

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Manas Properties IPO Review / Comments

avatar
7. Ankur Goell  May 18, 2017 12:23:43 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Got message from CDSL right now. Allotted 200 in two accounts.
avatar
6. Chem cho  May 17, 2017 11:32:33 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 300+ Likes)
GMP RS 23- RS 24
avatar
5. ipobazaar  May 12, 2017 12:20:16 AM IST I Like It. | Report Abuse
this post is for those who is having misconception on ASBA. Whether you apply for one lot or 10 lot, only money is blocked and you will earn the interest as money is still in your saving account.
I read many post in which wrong info regarding the interest and blocked money is provided.
avatar
4. NPT  Mar 29, 2017 8:33:05 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Listing tomorrow at 9.15 a.m., BSE.
Best of Luck.
avatar
3. I M Patel  Mar 19, 2017 3:24:02 PM IST I Like It. | Report Abuse
Avoid this SME IPO
avatar
2. cgopalg  Mar 17, 2017 3:27:33 PM IST I Like It. | Report Abuse
how to apply for sme ipo? i have icici direct and zerodha?
avatar
1. IPOANALYSIS  Mar 15, 2017 10:57:05 AM IST I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
WOWO SUDDENLY THEIR FINANCIAL BECOMES POSITIVE AFTER BEING IN LOSSES IN PREVIOUS YEARS.

A LARGE ISSUE OF 40 CRORE. STRICTLY AVOID AS GREAT CHANCES OF LOSING MONEY
avatar
8.1. gala  Mar 15, 2017 12:06:27 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
There are soo many issues which should be applied ?
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