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Manav infra projects IPO is a fixed price issue of Rs 5.51 crores.
Manav infra projects IPO bidding started from September 4, 2017 and ended on September 8, 2017. The shares got listed on NSE SME on September 18, 2017.
Manav infra projects IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Navigant Corporate Advisors Ltd is the book running lead manager of the Manav infra projects IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Manav infra projects IPO RHP for detailed information.
| IPO Date | September 4, 2017 to September 8, 2017 |
| Listing Date | September 18, 2017 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,836,000 shares (aggregating up to ₹5.51 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Manav infra projects IPO offers 1,836,000 shares. 918,000 (50.00%) to NII, 918,000 (50.00%) to RII.
| Investor Category | Shares Offered | |
|---|---|---|
| Anchor Investor Shares Offered | - | |
| Market Maker Shares Offered | - | - |
| Other Shares Offered | 918,000 (50.00%) | |
| Retail Shares Offered | 918,000 (50.00%) | |
| Total Shares Offered | 1,836,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
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
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,302.68 | 1,383.33 | 1,110.26 | 1,509.76 | 1,525.85 | |
| Total Revenue | 1,829.67 | 1,644.35 | 1,622.54 | 1,197.17 | 1,210.25 | |
| 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.
[Dilip Davda] Considering fully priced issue, risk savvy cash surplus investors may invest for long term. Read detail review...
The Manav infra projects IPO is subscribed times on September 8, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | |
| Retail | |
| Total |
| Listing Date | September 18, 2017 |
| BSE Script Code | |
| NSE Symbol | MANAV |
| ISIN | INE104Y01012 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹30.00 |
| ₹32.00 |
| ₹24.00 |
| ₹33.00 |
| ₹24.00 |
Manav infra projects Ltd
308, 3rd Floor,
Blue Rose Ind Premises Co-Op Society,
Borivali East, Mumbai-400 066
Phone: +91-22-2854 0694
Email: mip@manavinfra.com
Website: http://www.manavinfra.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: manavinfraprojects.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Manav infra projects IPO is a SME IPO of 1,836,000 equity shares of the face value of ₹10 aggregating up to ₹5.51 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 4, 2017, and closes on September 8, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Manav infra projects IPO opens on September 4, 2017 and closes on September 8, 2017.
Manav infra projects IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Manav infra projects IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Manav infra projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manav infra projects IPO allotment status.
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