Maytas Infra Limited IPO (Maytas IPO) Detail

Sep 27, 2007 - Oct 4, 2007

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.

Objects of the Issue

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.

Maytas IPO Details

IPO Date Sep 27, 2007 to Oct 4, 2007
Listing Date Thursday, October 25, 2007
Face Value ₹10 per share
Price ₹320 to ₹370 per share
Lot Size 18 Shares
Issue Size8,850,000 shares of ₹10
(aggregating up to ₹327.45 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Maytas IPO Lot Size

The Maytas IPO lot size is 18 shares. A retail-individual investor can apply for up to 30 lots (540 shares or ₹199,800).

Application Lots Shares Amount
Retail (Min) 1 18 ₹6,660
Retail (Max) 30 540 ₹199,800
Company name has been changed to 'IL&FS Engineering and Construction Company Ltd'

Maytas IPO Subscription Status (Bidding Detail)

The Maytas IPO is subscribed 67.86 times on Oct 4, 2007 5:00:00 PM. The public issue subscribed 15.42 times in the retail category, 99.41 times in the QIB category, and 35.84 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Maytas IPO Prospectus

Maytas IPO Rating

Rating:Rated 3.6 stars
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Maytas IPO Listing Date

Listing Date Thursday, October 25, 2007
BSE Script Code 532907
Listing In B1 Group of Securities
ISIN INE369I01014
IPO Price ₹370 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Maytas Infra Limited
6-3-1186/5/A, III Floor,
Amogh Plaza, Begumpet,
Hyderabad 500 016, India
Phone: +91 40 2340 8100

Maytas IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

Maytas IPO Review

Maytas IPO Recommendation Summary

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IPO Broker Recommendations

  • Business Line - Apply
  • Keynote Capitals Ltd - May apply
  • S P Tulsian - Avoid

Maytas IPO FAQs

Maytas IPO is a main-board IPO of 8,850,000 equity shares of the face value of ₹10 aggregating up to ₹327.45 Crores. The issue is priced at ₹320 to ₹370 per share. The minimum order quantity is 18 Shares.

The IPO opens on Sep 27, 2007, and closes on Oct 4, 2007.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Maytas IPO opens on Sep 27, 2007 and closes on Oct 4, 2007.

Maytas IPO lot size is 18 Shares and the minimum order quantity is .

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

The Maytas IPO listing date is on Thursday, October 25, 2007.
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Maytas IPO Message Board

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294. Bhavesh modi |   Link |Jan 3, 2008 11:56:12 AM
this is my favorat Stock.
293. chandrashekar |   Link |Nov 23, 2007 2:28:35 PM
hi, i have not recieved the refund amount kindly do the needful
292. Girish nagpal |   Link |Nov 22, 2007 12:46:51 PM
i think there are ghafla in allotment
291. yahoo |   Link |Nov 17, 2007 10:50:56 PM
recently got a project o f airport in karnataka that is the reason for this surge in price.keep it for a price of 370 i.e. 370 for face value of re. 1. thank you.
290. shareking |   Link |Nov 16, 2007 3:36:08 PM
this is another L&T. hold it for long......

isse behtar stock nahi milega

it will be 2500 in one year
289. kk |   Link |Oct 27, 2007 11:26:46 AM
hold it for diwali, it goes 900rs. enjoy gaining
288. Arya |   Link |Oct 26, 2007 10:15:40 AM
They are into diversified sectors. And have good relations between the political parties, hence, expect many projects in the pipeline. This will surely increase there order book.

Hold it for long term even, and every dip is a buy oppurtuinity.
287. Arya |   Link |Oct 26, 2007 10:13:12 AM
After hearing to the promoters statement, about 100% growth in this financial year again, taking this into view we can surely expect 3digit mark by the end of the year.
286. gagan |   Link |Oct 25, 2007 8:04:24 PM
i did not get my REfund right now, what can i do now
plz help
285. Mani |   Link |Oct 25, 2007 7:05:06 PM
Gr8 Listing... Hold for long term
284. Rajeev |   Link |Oct 25, 2007 5:44:25 PM
Maytas IPO has silenced those who had adviced to Sell the share on Listing. Happy investing guys.
283. JD |   Link |Oct 25, 2007 5:11:24 PM
Good stock for long term hold to get good return......Today was just trailor will reach 800 soon.
282. MASTER |   Link |Oct 25, 2007 4:43:32 PM
281. mahaveer jain |   Link |Oct 25, 2007 4:27:41 PM
donot sale in any rate.ur.on every 2000 in year
280. KarvyInvst |   Link |Oct 25, 2007 3:32:24 PM
Hi All,
Internal news has confirmed that Maytas will go extreme levels like Unitech and reach heights. The year end target is 3450. If u have it its goldmine then. Buy in good quatities now. I brought 4500 shares at 574.
279. Gangu |   Link |Oct 25, 2007 2:38:04 PM
Sold Half my Mayatas @601 and remaining put at a SL of 575. Enjoyed.. See you guys and gals at Religare next.
278. New commer |   Link |Oct 25, 2007 2:26:34 PM
enjoyed the listing of 230+ premium is very rewarding.
277. Raghu |   Link |Oct 25, 2007 12:18:37 PM
Don't sell Maytas shares, it will see 800+ very shortly!!!
276. anand narain prasad |   Link |Oct 25, 2007 1:20:58 AM
to sanjay patel kindly book profit on the listing day and repurchage on monday/tuesday
275. ANAND |   Link |Oct 25, 2007 1:17:59 AM
market is going to fall on the tomorrow so book profit and purchage this on the lower price or keep the liquidity free as the RELIANCE is going to launch the minting money share.
one thing specially i would like to say that keep away from the rumour and believe in yourself and rest assured that all good share on the long term profile are profitable , so be invester not trader .