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Manav infra projects Ltd IPO (Manav infra projects IPO) Detail

Sep 4, 2017 - Sep 8, 2017

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

Company Promoters:

The promoter of the company is

1. Mr. Mahendra Narayan Raju

Company Financials:

Summary of financial Information (Consolidated)
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

Objects of the Issue:

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.

Manav infra projects IPO Details

IPO Opening Date Sep 4, 2017
IPO Closing Date Sep 8, 2017
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹30 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At NSE SME
Issue Size1,836,000 Eq Shares of ₹10
(aggregating up to ₹5.51 Cr)

Manav infra projects IPO Lot Size

The Manav infra projects IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹120,000
Maximum 1 4000 ₹120,000

Manav infra projects IPO Review

Considering fully priced issue, risk savvy cash surplus investors may invest for long term. Read detail review...

Manav infra projects IPO Subscription Status (Bidding Detail)

The Manav infra projects IPO is subscribed times on Sep 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)

CategorySubscription (times)
NII
Retail
Total

Manav infra projects IPO Prospectus

Manav infra projects IPO Rating

141
3.9
Rating:Rated 3.9 stars
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Manav infra projects IPO Listing Date

Listing Date Monday, September 18, 2017
BSE Script Code
NSE Symbol MANAV
Listing In
ISIN INE104Y01012
IPO Price ₹30 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹30.00
Open: ₹32.00
Low: ₹24.00
High: ₹33.00
Last Trade: ₹24.00

Company Contact Information

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

Manav infra projects IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: manavinfraprojects.ipo@karvy.com
Website: https://karisma.kfintech.com/

Manav infra projects IPO Reviews / Ratings

Manav infra projects IPO FAQs

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 equity share. The minimum order quantity is 4000 Shares.

The IPO opens on Sep 4, 2017, and closes on Sep 8, 2017.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Manav infra projects IPO opens on Sep 4, 2017 and closes on Sep 8, 2017.

Manav infra projects IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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, Edelweiss, 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.

The Manav infra projects IPO listing date is on Monday, September 18, 2017.

Manav infra projects IPO Message Board

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55 Comments

39. beingshreyas |   Link |Nov 23, 2017 2:24:02 PM
Are there chances of getting out of this stock. Seems never cross 20.
38. IPOBeginner |   Link |Oct 17, 2017 9:23:39 AM
Can anyone guide me as allotted 4000 @ 30/- how much time will take to recover the amount?
37. REAL IPO |   Link |Sep 27, 2017 1:36:31 AM
manav infra''s acchul price is only Rs.12. but greedy promotor and book lead manager Price decide Rs 30. it''s a big cheating to RETAIL investors.so complaint against manav infra to SEBI.
36. Kightrider |   Link |Sep 21, 2017 1:51:31 PM
Is there any chance to lift price from 23 level. If not will have to sell all four lots
35. jigS P |   Link |Sep 23, 2017 1:41:20 AM
Huge loss. Is company fraud? What to do now? Pl suggest. Its below 20 today
34. S T |   Link |Sep 24, 2017 10:29:51 PM
Don’t apply in any of the SME IPO that belongs to Mumbai.. Bech ke kha leta hei logo ko.. Same case with Ashok Masala Mart Ltd. stocks
33. Saloni Cons. |   Link |Sep 20, 2017 10:49:27 AM
I GOT ALLOTMENT 3 OUT OF 4.SOME THING FISHY IN ALLOTMENT.I WANT TO GOES TO SEBI.HOW CAN I COMPLAINT ABOUT IT?
33.1. beingshreyas |   Link |Sep 20, 2017 3:27:45 PM
hold for few days
32. Saloni Cons. |   Link |Sep 20, 2017 10:56:02 AM
THERE WAS HUGE LOSS.IN ONE LOT ABOUT 40000/- LOSS.HOW CAN WE PUT TRUST IN SMALL GOOD COMPANY WHEN ITS MARKET MAKER IS BRING PRICE DOWN.
31. IPOBeginner |   Link |Sep 19, 2017 9:55:52 AM
Sell or Hold? Pls guide.
30. ankur garg |   Link |Sep 13, 2017 8:18:32 PM
listing will at 20% upeer cuircuit
30.1. Kaal |   Link |Sep 13, 2017 8:53:44 PM
On which basis U can predict bro.
30.2. beingshreyas |   Link |Sep 18, 2017 11:01:06 PM
discount
29. DHAVAL CHHAG |   Link |Sep 14, 2017 9:38:34 PM
I GOT ALLOTMENT OF MANAV INFRA WHEN IT WILL LISTING ??
29.1. beingshreyas |   Link |Sep 18, 2017 11:00:41 PM
have u sold? or holding?
28. STOCKT |   Link |Sep 18, 2017 3:14:38 PM
Navigant issues should not be bought anyway.i have never applied for navigant issues
28.1. beingshreyas |   Link |Sep 18, 2017 4:34:27 PM
should one hold for sometime?
28.2. beingshreyas |   Link |Sep 18, 2017 9:07:01 PM
there is no such word as ''navigant''
27. Vin Vin |   Link |Sep 18, 2017 5:28:06 PM
Manav infra has business model similar to capacite infra.. later one was oversubscribed 630 times in NII and this one listed in discount..
any views on long term holding of manav infra
26. beingshreyas |   Link |Sep 18, 2017 12:23:12 PM
Manav infra was claimed to be good but opened in hugh discount. What is the word on Worth Peripherals and DP Wires now. Or should go for mainline IPOs at this point of time?
26.1. snp |   Link |Sep 18, 2017 1:40:23 PM
there has been positive buzz regarding worth peripherals, however SME ipos are risky in their own way due to lot restriction and more chances of manipulation by big players. You should only go for them if you feel confident enough and willing to accept losses.
25. Kaal |   Link |Sep 16, 2017 4:12:31 PM
Current GMP of manav. Any?
25.2. Kaal |   Link |Sep 16, 2017 7:31:56 PM
Issue price 30+ 20% UC it means rs.6 =36
So second day also 20% UC expected ?
25.3. Ficpl |   Link |Sep 18, 2017 1:18:01 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Kya dost kuch bhi
24. beingshreyas |   Link |Sep 18, 2017 12:14:23 PM
Opened in discount. What to do now?
23. Vin Vin |   Link |Sep 18, 2017 11:21:20 AM
Manav Infra got listed and trading at discount of 18%
22. Kightrider |   Link |Sep 18, 2017 1:24:48 AM
18 Monday will not be possible. Please share right listing date
21. Kaal |   Link |Sep 17, 2017 8:34:45 PM
Listing expected what???¿¿
20. Kightrider |   Link |Sep 15, 2017 11:21:23 PM
Please anyone can share listing date if fixed
20.1. Kaal |   Link |Sep 16, 2017 7:34:12 PM
Monday 18th final