Incorporated in 2002, Man Infraconstruction Ltd is a construction company located in Mumbai. Company have undertaken projects in the six States of Maharashtra, Kerala, Gujarat, West Bengal, Goa and Tamil Nadu. Man Infraconstruction provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. Man Infra have executed onshore port infrastructure projects in the following ports in India: Jawaharlal Nehru Port Trust, Mundra Port, Chennai Port, Vallarpadam Port and Pipavav Port.
Man Infra work with real estate developers in Mumbai and Pune, Maharashtra in residential sector and are in the process of constructing a residential complex in the western suburbs of Mumbai with an aggregate area of 1.95 million square feet, a slum rehabilitation authority project in Mumbai consisting of the construction of a township aggregating 5.16 million square feet and the construction of 5,166 tenements at a mass housing project at Pune. Man Infraconstruction have also been awarded an ISO 9001:2008 certification in respect of our construction services in July 2009 by SGS United Kingdom Limited Systems and Services Certification.
Company have experienced rapid growth in their revenues in the preceding three Fiscals. Consolidated revenues increased from Rs.881.40 million in Fiscal 2007 to Rs.2,360.07 million in Fiscal 2008 and to Rs.5,942.78 million in Fiscal 2009 at a CAGR of 159.66%. Company's EBITDA margin in Fiscal 2009 was 26% and net margin was 14%. EBITDA increased from Rs.220.36 million in Fiscal 2007 to Rs.559.65 million in Fiscal 2008 and to Rs.1,527.08 million in Fiscal 2009 at a CAGR of 163.25%.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. Purchase of capital equipment; and
2. General corporate purposes and strategic initiatives.
| IPO Opening Date | Feb 18, 2010 |
| IPO Closing Date | Feb 22, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹243 to ₹252 per equity share |
| Market Lot | 22 Shares |
| Min Order Quantity | 22 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,625,150 Eq Shares of ₹10 (aggregating up to ₹141.75 Cr) |
The Man Infraconstruction IPO market lot size is 22 shares. A retail-individual investor can apply for up to 36 lots (792 shares or ₹199,584).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 22 | ₹5,544 |
| Maximum | 36 | 792 | ₹199,584 |
CRISIL has assigned an IPO Grade 3 to Man Infraconstruction Ltd IPO. This means as per CRISIL, company has 'Average Fundamentals'. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CRISIL IPO Grading Document for Man Infraconstruction Ltd
The Man Infraconstruction IPO is subscribed 62.53x times on Feb 22, 2010 17:00. The public issue subscribed 10.26x in the retail category, 96.06x in the QIB category, and 104.57x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 96.06x |
| NII | 104.57x |
| RII | 10.26x |
| Employee | 0.01x |
| Total | 62.53x |
| Listing Date | Thursday, March 11, 2010 |
| BSE Script Code | 533169 |
| NSE Symbol | MANINFRA |
| Listing In | B Group of Securities |
| ISIN | INE949H01023 |
| IPO Price | ₹252 per equity share |
| Face Value | ₹10 per equity share |
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Man Infraconstruction Ltd
12th Floor, Krushal Commercial Complex,
G. M. Road,
Chembur (W), Mumbai 400 089, Maharashtra.
Phone: +91 22 2526 0582
Email: man.ipo@maninfra.com
Website: http://www.maninfra.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: mil.ipo@linktime.co.in
Website: http://www.linkintime.co.in
Man Infraconstruction IPO is a main-board IPO of 5,625,150 equity shares of the face value of ₹10 aggregating up to ₹141.75 Crores. The issue is priced at ₹243 to ₹252 per equity share. The minimum order quantity is 22 Shares.
The IPO opens on Feb 18, 2010, and closes on Feb 22, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Man Infraconstruction IPO opens on Feb 18, 2010 and closes on Feb 22, 2010.
Man Infraconstruction IPO lot size is 22 Shares and the minimum order quantity is 22 Shares.
You can apply in Man Infraconstruction 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Man Infraconstruction IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Man Infraconstruction IPO allotment status.
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