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MBL Infrastructures Ltd IPO (MBL Infra IPO) Detail

November 27, 2009 - December 1, 2009

MBL Infra IPO is a book built issue of Rs 102.60 crores.

MBL Infra IPO bidding started from November 27, 2009 and ended on December 1, 2009. The shares got listed on BSE, NSE on January 11, 2010.

MBL Infra IPO price band is set at ₹165 to ₹180 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹6,300.

Motilal Oswal Investment Advisors Limited is the book running lead manager of the MBL Infra IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to MBL Infra IPO RHP for detailed information.

MBL Infra IPO Details

IPO Date November 27, 2009 to December 1, 2009
Listing Date January 11, 2010
Face Value ₹10 per share
Price Band ₹165 to ₹180 per share
Lot Size 35 Shares
Total Issue Size5,700,000 shares
(aggregating up to ₹102.60 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

MBL Infra IPO Reservation

MBL Infra IPO offers 4,860,000 shares. 1,960,000 (40.33%) to QIB, 840,000 (17.28%) to NII, 1,960,000 (40.33%) to RII, 100,000 (2.06%) to employees. 56,000 RIIs will receive minimum 35 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,960,000 (40.33%)NA
NII (HNI) Shares Offered840,000 (17.28%)
Retail Shares Offered1,960,000 (40.33%)56,000
Employee Shares Offered100,000 (2.06%)NA
Total Shares Offered4,860,000 (100%)

MBL Infra IPO Lot Size

Investors can bid for a minimum of 35 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 35 ₹6,300
Retail (Max) 31 1085 ₹195,300
Lot Size Calculator

About MBL Infrastructures Ltd

Incorporated in 1995, MBL Infrastructures Ltd is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.

MBL has executed and undertaken a number of projects in the states of West Bengal, Madhya Pradesh, Uttarakhand, Orissa, Maharashtra, Rajasthan, Assam, Uttar Pradesh, Bihar, Delhi, Andhra Pradesh, Chattisgarh, Jharkhand, Haryana and Karnataka. MBL is also engaged in steel trading and waste management (ferrous scrap and slag recycling) at major steel plants.

MBL has completed the execution of BOT project of 114 kms. of Seoni- Balaghat- Rajegaon State Highway under the Public Private Partnership (PPP) arrangements. Company also completed the work of construction of additional length of service road and side drains from Km. 146.00 to Km. 156.00 including 2-lane flyover on Guwahati Bypass section of NH 37 in the state of Assam. MBL owns a fleet of equipments, including hot mix plants, sensor pavers, tandom rollers, soil compactors, stone crushers, tippers, loaders, excavators, motorgraders, concrete batching plants, transit mixers, concrete pumps, reversible drum mixers, dozers and cranes.

MBL have tied up with Dulevo International, Italy a company manufacturing and providing complete range of industrial sweepers and road sweepers for jointly bidding for comprehensive maintenance of metro city roads and also tied up with Sky Park, U.K., a company manufacturing and providing multilevel car parking systems for jointly bidding for multilevel car parking projects.

Company Financials

ParticularsFor the year/period ended (Rs. in Lacs)
Total Income15091.1051364.3429397.1217064.1315815.8214286.88
Profit After Tax (PAT)860.232740.321692.301031.65846.35657.98

Objects of the Issue (MBL Infra IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:

1. Investment in Capital Equipments;
2. Investment in Joint Ventures and BOT Projects;
3. Margin Money for Working Capital Requirements;
4. General Corporate Purposes;
5. Issue Expenses.

MBL Infra IPO Subscription Status (Bidding Detail)

The MBL Infra IPO is subscribed 1.97 times on December 1, 2009 5:00:00 PM. The public issue subscribed 0.40 times in the retail category, 3.35 times in the QIB category, and 2.65 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

MBL Infrastructures Ltd IPO Grading / Rating

ICRA has assigned an IPO Grade 2 to MBL Infrastructures Ltd IPO. This means as per ICRA, company has below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download ICRA rating document.

IPO Notices

External Link

MBL Infrastructures Ltd IPO - Option to withdraw application

Date posted: 14 Dec 2009

SEBI asked to offer withdrawal option to MBL Infrastructures IPO investors due to company's failure to disclose a dispute with State of Jharkhand in its Red Herring Prospectus.

Company published a letter to its investors giving the option to withdraw from the public issue with in 10 days. The last date of receipt of request for withdrawal shall be 10th day from the date hereof, i.e., on or before 5.30 PM on December 22, 2009.

This may cause some delay in share allotment and refund for MBL Infrastructures IPO. Investors who do not want to block their money may withdraw their IPO application in 10 days.

Read attached document Investorletter.pdf

MBL Infra IPO Prospectus

MBL Infra IPO Rating

Rating:Rated 2.6 stars
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MBL Infra IPO Listing Details

Listing Date January 11, 2010
BSE Script Code 533152
ISIN INE912H01013
Final Issue Price ₹180 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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MBL Infrastructures Ltd Contact Details

MBL Infrastructures Ltd
23 A, Netaji Subhas Road,
3rd Floor, Suite 14,
Kolkata � 700 001
Phone: + 91 33 2230 1671 / 2353

MBL Infra IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

MBL Infra IPO - Buy or Not

MBL Infra IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 0 2
Members 0 0 0

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MBL Infra IPO is a main-board IPO of 5,700,000 equity shares of the face value of ₹10 aggregating up to ₹102.60 Crores. The issue is priced at ₹165 to ₹180 per share. The minimum order quantity is 35 Shares.

The IPO opens on November 27, 2009, and closes on December 1, 2009.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The MBL Infra IPO opens on November 27, 2009 and closes on December 1, 2009.

MBL Infra IPO lot size is 35 Shares, and the minimum amount required is ₹6,300.

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

The MBL Infra IPO listing date is on January 11, 2010.
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MBL Infra IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



82. yash |   Link |  Bookmark |January 13, 2010 3:28:01 PM
81. Ravi, Bangalore |   Link |  Bookmark |January 11, 2010 11:41:53 AM
MBL Infra 206- Support 204-203 range. 1st target 206 achieved, then, 207 or even 208. Stop-loss 202 (Intra-day Call).

If stop-loss is breached, fall to 201, 200-199 range or even less than 198.5.

CAUTION: Fundamentally over-valued.
80. ganesh |   Link |  Bookmark |January 11, 2010 10:15:29 AM
78. Mike

go to LIC site and click on NAV. u will get NAVs of all the plans. or alternatively on moneycontrol. com set ur ulip in the ulip category. it will reflect in ur portfolio.
79. prakash ipo |   Link |  Bookmark |January 11, 2010 8:38:09 AM
78. Mike |   Link |  Bookmark |January 9, 2010 5:35:02 PM
Hi ..i need one information regarding LIC market plus NAV you know any site ..where i can see my no of means if i enter the plociy no..i can see the no of NAV alloted to me ...
Thanks in advance ..
77. shailesh |   Link |  Bookmark |January 7, 2010 2:00:03 PM
I got refund . but one thing . i had invested rs 11,550 and i received 11644.93 rs i.e they have given 15% pa for 20 days that were extended during the ipo bookbuilding time !!
76. kumar |   Link |  Bookmark |January 6, 2010 1:41:59 PM
all got full allotment
75. prakash |   Link |  Bookmark |January 6, 2010 10:50:38 AM
Listing date is out 08 jan prem 15 to 20 rs
74. kedi |   Link |  Bookmark |January 6, 2010 6:40:18 AM
Finally Allotment Is Out
73. shailesh |   Link |  Bookmark |January 4, 2010 9:58:38 AM
Ijust talked to the regisdtered office . they are saying that the allotment and listing will be in this week itself

but one bad news . the issue price is 180 !!
72. vnrao |   Link |  Bookmark |January 3, 2010 1:24:07 PM
Can anyone give the allotment details of MBL. It was very much delayed. The posts in this site are also very few because only few have applied for this. While the fundamentals are very good, the withdrawal fiasco has cooled off the enthusiasm of the applicants. I hope the issue should list with reasonable premium of say Rs.25/-, the moot question is when it will list.
71. prakash ipo |   Link |  Bookmark |December 30, 2009 7:16:39 PM

is on tomorrow
listing is on
07th Jan2010
with co.CS
70. My Style |   Link |  Bookmark |December 27, 2009 8:57:49 PM
what is the date of listing
69. S K AGARWAL |   Link |  Bookmark |December 26, 2009 4:21:24 PM
68. Srinath |   Link |  Bookmark |December 24, 2009 9:28:23 PM
Dear MBL Infra Investor,

I think these promoter doesn`t have the right statergy to enter the market, Actually the market is at all time high for the 2009 and they are not ready for utilizing the benifit for the lsiting gain.I don`t know hwy they are not delying ) i know they have giben an option for the investor to whithdaw thier application if they wish and that date ends on 22nd Dec) the allotment of the investor shares when the market is in full zoomm. Try to learn leason from the other promoter regarding the investor friendly....
67. PAA |   Link |  Bookmark |December 24, 2009 8:30:45 AM



Rs.200 To Rs.215

66. kmssanjay |   Link |  Bookmark |December 23, 2009 7:16:08 PM
65. KHUSHBOO |   Link |  Bookmark |December 23, 2009 11:55:23 AM
63. prakash ipo
how can believe the boarders upon you,
That you are the original prakash ipo

because after a very long time ?
64. Srinath |   Link |  Bookmark |December 23, 2009 9:48:55 AM
I guess still the allotment is not available on the site. Please let me know from where you came to know the allotment status,Also below is my application number for your reference - 16012724
63. prakash ipo |   Link |  Bookmark |December 23, 2009 9:27:07 AM
allotment out prem is 15 to 16 enjoy listings