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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.
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
| 30-June-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 15091.10 | 51364.34 | 29397.12 | 17064.13 | 15815.82 | 14286.88 |
| Profit After Tax (PAT) | 860.23 | 2740.32 | 1692.30 | 1031.65 | 846.35 | 657.98 |
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.
| IPO Date | Nov 27, 2009 to Dec 1, 2009 |
| Listing Date | Monday, January 11, 2010 |
| Face Value | ₹10 per share |
| Price | ₹165 to ₹180 per share |
| Lot Size | 35 Shares |
| Issue Size | 5,700,000 shares of ₹10 (aggregating up to ₹102.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | MBL Infrastructures Ltd is promoted by 3 entrepreneurs: 1. Mr. Ram Gopal Maheshwari - is currently the Chairman of the Company. He is a commerce graduate from Calcutta University. He 2.Mr. Anjanee Kumar Lakhotia - is the Promoter, Chief Executive Officer and a Whole Time Director of the Company. He is a commerce graduate from St. Xavier’s College, Kolkata and is a fellow member of the Institute of Chartered Accountants of India. 3.Mr. Maruti Maheshwari - is a Promoter and an Executive Director of the Company. He is a commerce graduate from Kuvempu University. |
The MBL Infra IPO lot size is 35 shares. A retail-individual investor can apply for up to 31 lots (1085 shares or ₹195,300).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,300 |
| Retail (Max) | 31 | 1085 | ₹195,300 |
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.
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
The MBL Infra IPO is subscribed 1.97 times on Dec 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)
| Category | Subscription (times) |
|---|---|
| QIB | 3.35 |
| NII | 2.65 |
| Retail | 0.40 |
| Employee | 0.14 |
| Total | 1.97 |
| Listing Date | Monday, January 11, 2010 |
| BSE Script Code | 533152 |
| NSE Symbol | MBLINFRA |
| Listing In | B Group of Securities |
| ISIN | INE912H01013 |
| IPO Price | ₹180 per share |
| Face Value | ₹10 per share |
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MBL Infrastructures Ltd
23 A, Netaji Subhas Road,
3rd Floor, Suite 14,
Kolkata – 700 001
Phone: + 91 33 2230 1671 / 2353
Email: cs@mblinfra.com
Website: http://www.mblinfra.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mbl.ipo@intimespectrum.com
Website: https://linkintime.co.in/
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 Nov 27, 2009, and closes on Dec 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 Nov 27, 2009 and closes on Dec 1, 2009.
MBL Infra IPO lot size is 35 Shares and the minimum order quantity is .
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.
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