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MEP Infrastructure Developers Ltd IPO (MEP Infrastructure IPO) Detail

April 21, 2015 - April 23, 2015

MEP Infrastructure IPO is a book built issue of Rs 324.00 crores.

MEP Infrastructure IPO bidding started from April 21, 2015 and ended on April 23, 2015. The shares got listed on BSE, NSE on May 6, 2015.

MEP Infrastructure IPO price band is set at ₹63 to ₹65 per share. The minimum lot size for an application is 225 Shares. The minimum amount of investment required by retail investors is ₹14,625.

Idbi Capital Market Services Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running lead managers of the MEP Infrastructure IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to MEP Infrastructure IPO RHP for detailed information.

MEP Infrastructure IPO Details

IPO Date April 21, 2015 to April 23, 2015
Listing Date May 6, 2015
Face Value ₹10 per share
Price Band ₹63 to ₹65 per share
Lot Size 225 Shares
Total Issue Size162,569,191 shares
(aggregating up to ₹324.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

MEP Infrastructure IPO Reservation

MEP Infrastructure IPO offers 40,289,225 shares. 27,432,083 (68.09%) to QIB, 7,714,285 (19.15%) to NII, 5,142,857 (12.76%) to RII. 22,857 RIIs will receive minimum 225 shares and (sNII) and (bNII) will receive minimum 3,150 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered27,432,083 (68.09%)NA
NII (HNI) Shares Offered7,714,285 (19.15%)
Retail Shares Offered5,142,857 (12.76%)22,857
Total Shares Offered40,289,225 (100%)

MEP Infrastructure IPO Lot Size

Investors can bid for a minimum of 225 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) 1 225 ₹14,625
Retail (Max) 13 2925 ₹190,125
Lot Size Calculator

About MEP Infrastructure Developers Ltd

Incorporated in 2011, MEP Infrastructure Developers Ltd is engaged in tolling operations of the road infrastructure sector, with a pan-India presence. Company focus on pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.

They have completed 68 projects, with an aggregate of 122 toll plazas and 783 lanes, and have an overall experience of over 12 years in this business across 12 states in India. Some of the significant toll collection projects completed by them include project for collection of toll at:

1. Five Mumbai Entry Points where they currently operate an OMT contract pursuant to a re-award;
2. Chalthan toll plaza, Gujarat;
3. Toll plazas located at Ahmedabad, AUDA Ring Road, Nadiad, Anand and Vadodara on the Ahmedabad Vadodara Expressway, Gujarat;
4. Rajiv Gandhi Sea Link, Mumbai, Maharashtra;
5. Chirle toll plaza and Karanjade toll plaza, Maharashtra; and
6. Toll plazas on Hanumangarh, Kishangarh road, Rajasthan.

MEP Infra currently operate 23 toll collection projects with an aggregate of 40 toll plazas, five OMT projects covering 2,530.04 lane kilometres with an aggregate of 15 toll plazas and one BOT project covering 42.02 lane kilometres with five toll plazas. These ongoing projects are located across nine states in India.

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
Total Income11,415.1812,401.3413,020.6511,366.024,635.803,291.29
Profit After Tax (PAT)(981.58)(1,205.60)(929.38)(530.94)(815.29)(12.73)

Objects of the Issue (MEP Infrastructure IPO Objectives)

The objects of the Issue are:

1. Repayment / pre-payment, in full or part, of certain loans availed by our Subsidiary, MIPL; and
2. General corporate purposes.

MEP Infrastructure IPO Review (May apply)

[Dilip Davda]  

On standalone basis the company has posted an average EPS of Rs. 1.48 with a diminishing trend for last three fiscal. For the same periods, on consolidated basis it has negative EPS of (–Rs. 11.06). On consolidated basis the company has posted turnover/(Loss) of Rs. 1136.60 crore/(-Rs.47.72 crore) (2012), Rs. 1302.07 crore/(-Rs.92.93 crore) (2013), Rs. 1240.13 crore/ (-Rs.121.41 crore). For first seven months of the current fiscal the company has posted turnover of Rs. 1141.52 crore with a loss of (-Rs.97.30 crore). If we annualized and attribute this earnings on post IPO equity then the EPS comes to (-Rs.10.30).  Thus the asking price for the issue is exorbitant considering negative earnings as well as the last issue at a price below Rs. 22. As the new Government is slowly doing away with toll collections, ongoing is likely to be worsen and hence future earnings will have great impacts of abolition of toll tax. Thus this issue appears to be a risky bet.

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.

Read detail review...

MEP Infrastructure IPO Subscription Status (Bidding Detail)

The MEP Infrastructure IPO is subscribed 1.11 times on April 23, 2015 7:00:00 PM. The public issue subscribed 0.97 times in the retail category, 1.02 times in the QIB category, and 1.51 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

MEP Infrastructure IPO Prospectus

MEP Infrastructure IPO Rating

Rating:Rated 3.3 stars
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MEP Infrastructure IPO Listing Details

Listing Date May 6, 2015
BSE Script Code 539126
NSE Symbol MEP
ISIN INE776I01010
Final Issue Price ₹63 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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MEP Infrastructure Developers Ltd Contact Details

MEP Infrastructure Developers Ltd
A 412, boomerang,
Chandivali Farm Road,
Andheri (East), Mumbai 400 072
Phone: (91 22) 6120 4800

MEP Infrastructure IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

MEP Infrastructure IPO - Buy or Not

MEP Infrastructure IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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MEP Infrastructure IPO FAQs

MEP Infrastructure IPO is a main-board IPO of 162,569,191 equity shares of the face value of ₹10 aggregating up to ₹324.00 Crores. The issue is priced at ₹63 to ₹65 per share. The minimum order quantity is 225 Shares.

The IPO opens on April 21, 2015, and closes on April 23, 2015.

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

The MEP Infrastructure IPO opens on April 21, 2015 and closes on April 23, 2015.

MEP Infrastructure IPO lot size is 225 Shares, and the minimum amount required is ₹14,625.

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

The MEP Infrastructure IPO listing date is on May 6, 2015.
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MEP Infrastructure IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



122. Septa |   Link |  Bookmark |May 7, 2015 4:05:26 PM (4000+ Posts, 4600+ Likes)
As I said yesterday algorithm bid and offer was in work yesterday and today we saw big sell from credit sussie 1% of the total capital it is sick company avoid avoid
121. IPOANALYSIS |   Link |  Bookmark |May 7, 2015 2:32:00 PM
Sell sell this stock will reach 22 rs in 1 yr. Better to exit with small loss rather than auffer big loss. Instead buy vrl logistics which have good fundamental and bought bybig fund houses.
120. Carn Mohan |   Link |  Bookmark |May 7, 2015 1:00:37 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
kabooter jaal may - - ?
119. Carn Mohan |   Link |  Bookmark |May 7, 2015 10:51:29 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
sick company.
current rate is very high.
118. Nasirul Choudhury |   Link |  Bookmark |May 6, 2015 3:40:01 PM (400+ Posts)
I won''t say it''s a bad listing.
118.1. Septa |   Link |  Bookmark |May 6, 2015 10:52:45 PM (4000+ Posts, 4600+ Likes)
Looking at buyers and sellers spread of 320: 62000 was surprised with listing and not see a crash anyway looks like a algorithm buy and selling to keep the price from crashing. Anyway it a sick company so I see big crash soon
117. KJ |   Link |  Bookmark |May 6, 2015 1:26:40 PM
Stay Away from PNC as well
116. Regulagedda Ambica Prasad |   Link |  Bookmark |May 6, 2015 12:56:11 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Allottees of MEP INFRA IPO started losing their shirts.
116.1. SONMAYA |   Link |  Bookmark |May 6, 2015 3:25:39 PM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
115. gundu anna |   Link |  Bookmark |May 6, 2015 12:47:24 PM (500+ Posts, 100+ Likes)
One bad issue like MEP(full allotment) takes out money made is few good issues(few allotement)...

Stay away from highly priced or suspect issues...
114. IPO INV |   Link |  Bookmark |May 6, 2015 11:24:47 AM
NSE open price was 65
114.1. gundu anna |   Link |  Bookmark |May 6, 2015 12:48:20 PM (500+ Posts, 100+ Likes)
Some one lucky might have got that 2 Rs....
113. Vivi |   Link |  Bookmark |May 6, 2015 10:56:05 AM

Prev. Close 63.00
Open Price 63.00
Bid PRICE (QTY.)62.10 (325)
Offer PRICE (Qty.)63.00 (164,002)

164002 Shares offered for sale before open. 325 Shares bid to buy. Sure Shot to Crash.
112. IPO INV |   Link |  Bookmark |May 6, 2015 10:49:05 AM
Sold in 65
112.2. Umesh P Singh |   Link |  Bookmark |May 6, 2015 2:08:54 PM
Where U sold the shares at 65 becait opens in negative
112.3. IPO INV |   Link |  Bookmark |May 6, 2015 4:12:32 PM
NSE Open price was 65, i was lucky to sell in that price.
111. IPOANALYSIS |   Link |  Bookmark |May 6, 2015 2:27:22 AM


tomorrow to hot lower circuit with all sellers.
stock to reach at 42 rs in 1 month and faie value of 22 rs in 1 year.

sell on opening if given a chance to minimize losses
110. pinkyjain |   Link |  Bookmark |May 6, 2015 2:23:09 AM
Mep indicative price 59
109. Carn Mohan |   Link |  Bookmark |May 5, 2015 2:58:44 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Retailes has allotted 100%
109.1. EBERAJU |   Link |  Bookmark |May 5, 2015 11:48:45 PM
final price per share?
108. Nasirul Choudhury |   Link |  Bookmark |May 4, 2015 11:50:40 PM (400+ Posts)
MEP Infrastructure will be listing on on 6th ahead of it''s timeline. Goodluck subscribers.
108.1. Maa Zaki |   Link |  Bookmark |May 6, 2015 2:51:50 AM
Thanks for advice NC ji

What about MEP should I go on listing day, I had not applied
It''''s a general enq - MEP Should not feel

How can reach you, don''t disclose your contact no
108.2. Nasirul Choudhury |   Link |  Bookmark |May 6, 2015 4:16:18 AM (400+ Posts)
Don''t even think. Promoters and especially the lenders are exploiting the opportunity of secondary market. As a thumb rule I never add a loss making company or companies with huge debts. A loss is always a loss that erodes shareholders wealth.
107. EBERAJU |   Link |  Bookmark |May 4, 2015 8:56:12 PM
Will there be premium or discount?
107.1. Mr. Singh |   Link |  Bookmark |May 5, 2015 3:34:08 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
discount -
106. rajkumar mahto |   Link |  Bookmark |May 1, 2015 11:08:37 PM
when will MEP Infra IPO list
105. IPO INV |   Link |  Bookmark |May 1, 2015 8:53:22 PM
8th May
104. santosh kataria |   Link |  Bookmark |May 1, 2015 10:40:53 AM
listing date?
103. hemant garg chgh |   Link |  Bookmark |April 23, 2015 11:44:30 PM
Negatives has some positives also..otherwise all are not should evaluate both the aspects...

Many congratulation for successful completion of this first infra issue of this year...
103.5. Nasirul Choudhury |   Link |  Bookmark |May 5, 2015 9:30:16 PM (400+ Posts)
Maa Zaki!

Buy this book and read in the specific order.

1. Stocks to Riches by Late Parag Parikh.
2. One Up On Wall Street by Peter Lynch.
3. Beating the Street by Peter Lynch.
4. Intelligent Investor by Benjamin Graham.
5. Value Investing & Behavioral Finance by Parag Parikh.
6. Security Analysis by Benjamin Graham

As I see you are long term investor. Will you still loose? Yes but loss will be less and your one or two pick in life for 20+ yrs will make it for all.
103.6. Maa Zaki |   Link |  Bookmark |May 6, 2015 2:46:01 AM
Thanks NC ji

What about MEP should I go on listing day, I had not applied
It''s a general enq - MEP Should not feel