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.
The Promoters of the company are:
1. Mr. Vijay Thakkar (Individual Promoter)
2. Dev Land & Housing Pvt. Ltd. (Corporate Promoter)
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||124.61||534.04||(160.87)||(280.40)||(23.70)||(85.32)|
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 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
|Number of Bids Received|
|As on Date & Time||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 17, 2017 21:00 IST||58,200|
|Day 2 - Mar 20, 2017 20:00 IST||214,500|
|Day 3 - Mar 21, 2017 18:40 IST||759,300|
|Day 4 - Mar 22, 2017 18:50 IST||1,169,400|
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