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Manas Properties IPO is a fixed price issue of Rs 39.96 crores.
Manas Properties IPO bidding started from March 17, 2017 and ended on March 22, 2017. The shares got listed on BSE SME on March 30, 2017.
Manas Properties IPO price is ₹360 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Aryaman Financial Services Limited is the book running lead manager of the Manas Properties IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Manas Properties IPO RHP for detailed information.
| IPO Date | March 17, 2017 to March 22, 2017 |
| Listing Date | March 30, 2017 |
| Face Value | ₹10 per share |
| Price | ₹360 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 1,110,000 shares (aggregating up to ₹39.96 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 300 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 | 300 | ₹108,000 |
| Retail (Max) | 1 | 300 | ₹108,000 |
| Lot Size Calculator | |||
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.
| 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) |
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.
[Dilip Davda] 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...
The Manas Properties IPO is subscribed times on March 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)
| Category | Subscription (times) |
|---|
| Listing Date | March 30, 2017 |
| BSE Script Code | 540402 |
| NSE Symbol | |
| ISIN | INE800W01019 |
| Final Issue Price | ₹360 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹360.00 |
| ₹360.55 |
| ₹360.00 |
| ₹364.90 |
| ₹360.20 |
Manas Properties Ltd
10th floor, Dev Plaza,
Opp. Andheri Fire Station,
S.V. Road, Andheri (West), Mumbai
Phone: +91–22– 4038 3838
Email: info@manasproperties.co.in
Website: http://www.manasproperties.co.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 March 17, 2017, and closes on March 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 March 17, 2017 and closes on March 22, 2017.
Manas Properties IPO lot size is 300 Shares, and the minimum amount required is ₹108,000.
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, Nuvama, 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.
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