Incorporated in 1988, Maytas Infra Limited is in the business of construction and infrastructure development. Maytas business areas involve construction as a contractor on a contract basis and Infrastructure Development which involves identifying, sourcing, developing, and operating projects in infrastructure sectors.
Maytas construction business mainly focuses in irrigation, roads and bridges projects. Maytas recently entered in infrastructure business with airports, seaports, rail based systems, oil and gas-pipelines, refineries and petro chemicals, water and water treatment, power generation, transmission and distribution industrial construction projects.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Investment in Associate companies:
A. Bangalore Elevated Tollway Limited for the construction of the elevated highway project of the Bangalore-Hosur section of National Highway-7;
B. KVK Nilachal Power Private Limited for developing,
constructing and commissioning a 300 MW coal-based power plant in Orissa; and
C. SV Power Private Limited for setting up a 56 MW coal washery reject based power plant and a 2.5 million metric tonne per annum coal washery at Korba District, Chhattisgarh;
2. Purchase of construction equipment and
3. Other project related investments and commitments.
»» Issue Open: Sep 27, 2007 - Oct 4, 2007
»» Issue Type: Book Built Issue IPO
»» Issue Size: 8,850,000 Equity Shares of Rs 10 aggregating up to Rs 327.45 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 320 - Rs 370 Per Equity Share
»» Market Lot: 18 Shares
»» Minimum Order Quantity: 18 Shares
»» Listing At: BSE, NSE
Maytas IPO Subscription Status tells if Maytas IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Maytas IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Sep 27, 2007 17:00 IST||0.0000||0.0000||0.0010||0.0000|
|Day 2 - Sep 28, 2007 17:00 IST||1.1083||0.0000||0.0026||0.6700|
|Day 3 - Oct 1, 2007 17:00 IST||3.3249||0.0108||0.1064||2.0300|
|Day 4 - Oct 3, 2007 17:00 IST||9.3503||0.0771||0.3672||5.7300|
|Day 5 - Oct 4, 2007 17:00 IST||99.4094||35.8444||15.4177||67.8600|
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