Incorporated in 2009, Manav infra projects Ltd is engaged into the business of civil construction services such as piling, excavation, road construction, land leveling. They also provide a complete range of earth moving machines and construction equipments on rent for all type of infrastructure and construction related work.
Company's customer include medium to large size of construction and infrastructure companies like Kanakia Spaces Realty Pvt Ltd, J Kumar Infra Projects Ltd, ACC Ltd, J P Infra Constructions, Simplex Infrastructure Ltd, Man Infra Constructions Ltd and Nirmal Lifestyle Limited. They have advances machines built by top class international brands like Caterpillar(CAT), Volvo, Kobelco, Tata Hitachi, JCB, Furukawa, Ashok Leyland, Komatsu and more.
Manav's other services include:
1. Residential & Commercial Contracts
2. Cleaning & Grubbing
3. Erosion & Soil Control Measures
4. Basement Digging
5. Back Filling
6. Handling and transportation of limestone and coal
7. Civil work for internal storm water surface drainage
The promoter of the company is
1. Mr. Mahendra Narayan Raju
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||103.16||60.85||0.44||20.53||38.99|
The object of the issue are:
1. To part finance incremental working capital requirements of the Company;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
»» Issue Open: Sep 4, 2017 - Sep 8, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,836,000 Equity Shares of Rs 10 aggregating up to Rs 5.51 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 30 Per Equity Share
»» Market Lot: 4000 Shares
»» Minimum Order Quantity: 4000 Shares
»» Listing At: NSE SME
Manav infra projects IPO Subscription Status tells if Manav infra projects IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Manav infra projects IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||0||918,000||918,000||1,836,000|
|Day 1 - Sep 4, 2017 17:00 IST||0||0||76,000||76,000|
|Day 2 - Sep 5, 2017 17:00 IST||0||116,000||228,000||344,000|
|Day 3 - Sep 6, 2017 17:00 IST||0||116,000||656,000||772,000|
|Day 4 - Sep 7, 2017 17:00 IST||0||124,000||1,528,000||1,652,000|
|Day 5 - Sep 8, 2017 17:00 IST||0||496,000||4,652,000||5,148,000|
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