Fixed Price IPO | ₹24 Cr | Listed at BSE, NSE | Mon, Sep 27, 2004 - Fri, Oct 8, 2004
MSK PROJECTS (INDIA) IPO is a fixed issue price of ₹24.04 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹24.04 crore.
MSK PROJECTS (INDIA) IPO bidding started from Sep 27, 2004 and ended on Oct 8, 2004.
MSK PROJECTS (INDIA) IPO is set final issue price at ₹40 per share.
Chartered Capital & Investment Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Mon, Sep 27, 2004
IPO Close
Fri, Oct 8, 2004
Issue Price
₹40 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 27 Sep to 8 Oct, 2004 |
| Listed on | Thu, Nov 4, 2004 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 60,10,958 shares (agg. up to ₹24 Cr) |
| Fresh Issue | 60,10,958 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 61,06,820 shares |
| Share Holding Post Issue | 1,21,17,778 shares |
| BSE Script Code / NSE Symbol | 532553 / WELENT |
| ISIN | INE625G01013 |
MSK PROJECTS (INDIA) IPO comprises a total issue size of 60,00,000 shares. Out of which, 30,00,000 (50.00%) allocated to NII 30,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| NII (HNI) Shares Offered | 30,00,000 | 50.00% |
| Retail Shares Offered | 30,00,000 | 50.00% |
| Total Shares Offered | 60,00,000 | 100.00% |
MSK Projects (India) Ltd. is an Indian infrastructure and construction company engaged in engineering, procurement, construction (EPC), BOT road projects, urban infrastructure, industrial construction, and civil engineering works.
The company started its construction operations in 1976 as a partnership firm under the name “M. S. Khurana” and later evolved into a corporate entity.
In 2006, the company entered infrastructure concession projects through a joint venture named BUL MSK Infrastructure for toll-road operations. Later, the company expanded into energy and large infrastructure development activities. In 2010, MSK Projects (India) Ltd. was renamed as Welspun Projects Limited, and subsequently became part of Welspun Enterprises Limited.
The company has been associated with the construction of residential townships, highways, water distribution projects, industrial facilities, and transportation infrastructure across India. Its registered office was located in Vadodara, Gujarat.
| Period Ended | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 | 31 Mar 2000 |
|---|---|---|---|---|---|
| Assets | 21.43 | 18.42 | 13.14 | 11.52 | 9.32 |
| Total Income | 68.94 | 57.61 | 30.23 | 30.87 | 18.03 |
| Profit After Tax | 3.03 | 6.09 | 4.32 | 3.74 | 0.73 |
| EBITDA | 8.65 | 10.23 | 7.02 | 6.59 | 2.46 |
| NET Worth | 21.49 | 18.45 | 13.20 | 11.60 | 9.34 |
| Reserves and Surplus | 15.38 | 12.35 | 7.09 | 5.49 | 4.47 |
| Total Borrowing | 19.93 | 11.77 | 9.31 | 10.72 | 10.39 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Hosangabad – Harda – Khandwa Road Project | 1,400.00 |
| 2 | Investment in Raisen – Rahatgarh Road Project | 1,000.00 |
| Total | 2,400.00 |
The MSK Projects (India) IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.25 | 60,00,000 | 75,22,875 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brokerage, fees to the Lead Manager and Registrars to the Issue, printing and publication expenses, listing fees, distribution and other miscellaneous expenses | 0.25 |
| Total | 0.25 |
| Price Details |
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Lead Manager Reports
MSK Projects (India) IPO is a main-board IPO of 60,10,958 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹40 per share. The minimum order quantity is .
The IPO opens on Mon, Sep 27, 2004, and closes on Fri, Oct 8, 2004.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MSK Projects (India) IPO using UPI as a payment gateway. Zerodha customers can apply in MSK Projects (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MSK Projects (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MSK Projects (India) IPO opens on Mon, Sep 27, 2004 and closes on Fri, Oct 8, 2004.
MSK Projects (India) IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in MSK Projects (India) IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for MSK Projects (India) IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MSK Projects (India) IPO allotment status.
The MSK Projects (India) IPO listing date is on .
