Manas Properties Ltd IPO (Manas Properties IPO) Detail

Mar 17, 2017 - Mar 22, 2017

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.

Company Financials

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
30-Nov-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 3,557.45 7,834.92 8,147.41 9,524.96 10,677.89 10,218.18
Total Revenue 198.28 772.85 711.06 827.97 1,102.72 138.01
Profit After Tax (PAT) 124.61 534.04 (160.87) (280.40) (23.70) (85.32)

Objects of the Issue

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.

Manas Properties IPO Details

Manas Properties IPO Date Mar 17, 2017 to Mar 22, 2017
Manas Properties IPO Face Value ₹10 per share
Manas Properties IPO Price ₹360 per share
Manas Properties IPO Lot Size 300 Shares
Issue Size1,110,000 shares of ₹10
(aggregating up to ₹39.96 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoters of the company are:

1. Mr. Vijay Thakkar (Individual Promoter)
2. Dev Land & Housing Pvt. Ltd. (Corporate Promoter)

Manas Properties IPO Lot Size

The Manas Properties IPO lot size is 300 shares. A retail-individual investor can apply for up to 1 lots (300 shares or ₹108,000).

Application Lots Shares Amount
Retail (Min) 1 300 ₹108,000
Retail (Max) 1 300 ₹108,000

Manas Properties IPO Review

Issue is highly priced and hence there is no harm in giving it a miss. However, risk savvy cash surplus investors may consider investment at their discretion. Read detail review...

Manas Properties IPO Subscription Status (Bidding Detail)

The Manas Properties IPO is subscribed times on Mar 22, 2017 6:50:00 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)

CategorySubscription (times)

Manas Properties IPO Prospectus

Manas Properties IPO Rating

Rating:Rated 3.1 stars
Vote Here ...

Manas Properties IPO Listing Date

Listing Date Thursday, March 30, 2017
BSE Script Code 540402
NSE Symbol
Listing In M Group of Securities
ISIN INE800W01019
IPO Price ₹360 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Manas Properties Ltd
10th floor, Dev Plaza,
Opp. Andheri Fire Station,
S.V. Road, Andheri (West), Mumbai
Phone: +91–22– 4038 3838

Manas Properties IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Manas Properties IPO Review

Manas Properties IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

IPO Broker Recommendations

Manas Properties IPO FAQs

Manas Properties IPO is a SME IPO of 1,110,000 equity shares of the face value of ₹10 aggregating up to ₹39.96 Crores. The issue is priced at ₹360 per share. The minimum order quantity is 300 Shares.

The IPO opens on Mar 17, 2017, and closes on Mar 22, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Manas Properties IPO opens on Mar 17, 2017 and closes on Mar 22, 2017.

Manas Properties IPO lot size is 300 Shares and the minimum order quantity is .

You can apply in Manas Properties 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 Manas Properties IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manas Properties IPO allotment status.

The Manas Properties IPO listing date is on Thursday, March 30, 2017.
Open an Instant Account with Zerodha

Manas Properties IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



7. Ankur Goell |   Link |May 18, 2017 12:23:43 PM
Got message from CDSL right now. Allotted 200 in two accounts.
6. Chem cho |   Link |May 17, 2017 11:32:33 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
GMP RS 23- RS 24
5. ipobazaar |   Link |May 12, 2017 12:20:16 AM
this post is for those who is having misconception on ASBA. Whether you apply for one lot or 10 lot, only money is blocked and you will earn the interest as money is still in your saving account.
I read many post in which wrong info regarding the interest and blocked money is provided.
4. NPT |   Link |Mar 29, 2017 8:33:05 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Listing tomorrow at 9.15 a.m., BSE.
Best of Luck.
3. I M Patel |   Link |Mar 19, 2017 3:24:02 PM
Avoid this SME IPO
2. cgopalg |   Link |Mar 17, 2017 3:27:33 PM
how to apply for sme ipo? i have icici direct and zerodha?
1. IPOANALYSIS |   Link |Mar 15, 2017 10:57:05 AM

1.1. gala |   Link |Mar 15, 2017 12:06:27 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
There are soo many issues which should be applied ?