₹7.52 Crores | Listing at NSE | Wed, Mar 12, 2025 - Mon, Mar 24, 2025
Manav Infra Projects Limited Rights Issue comprises 0.6836 Cr equity shares aggregating to ₹7.52 Cr, offered at an issue price of ₹11 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Feb 28, 2025, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : Total amount of Rs.11 per Equity Share is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 27, 2025.
The Rights Issue opens on Mar 12, 2025, and closes on Mar 24, 2025, with renunciation of Rights Entitlements permitted up to Mar 18, 2025.
The deemed date of allotment is Mar 27, 2025, following which the equity shares are expected to be credited to demat accounts on Apr 1, 2025 and listed at the NSE on Apr 4, 2025.
Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Manav Infra Projects Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Feb 28, 2025
Entitlement Ratio
1 : 1
Open Date
Wed, Mar 12, 2025
Close Date
Mon, Mar 24, 2025
Total amount of Rs.11 per Equity Share is payable on Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11.98 | 9.63 | 10.31 |
| Revenue | 14.31 | 12.07 | 5.4 |
| Profit After Tax | 1.77 | 0.56 | -4.04 |
| Reserves and Surplus | -82.49 | -100.19 | -10.57 |
| Amount in ₹ Crore | |||
Incorporated in 2009, Manav Infra Projects Ltd provides civil construction services like piling, excavation, and road construction.
The company also offers a wide range of earth-moving machinery and construction equipment for rent, catering to infrastructure and construction projects.
Their customer base includes prominent companies such as Kanakia Spaces, J Kumar Infra, and ACC Ltd. With advanced machinery from top international brands like Caterpillar, Volvo, and JCB, the company ensures high-quality and reliable services.
Manav Infra also provides additional services such as residential and commercial contracts, soil control, basement digging, and the transportation of limestone and coal.
The object of the issue are:
[Dilip Davda] MIPL is engaged in the business of civil and infra related constructions and services. It has a carry forward loss of Rs. 8.25 cr. as of March 31, 2024, and a total debt of Rs. 9.18 cr. The company has reported minuscule financial performances so far. It is operating in a highly competitive and fragmented segment. There is no harm in skipping this “High Risk/Low Return” fully priced offer. Read detail review...
Manav Infra Rights Issue 2025 got subscribed by 0.97 times by the end of the bidding period with total bid quantity received by NSE of 66,56,000 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Mar 24 2025 17:00:06 | 66,56,000 | 0.97x |
Manav Infra Projects Limited
102, Gundecha Industrial Complex,
Co. Op. Soc Ltd, Akurli Road, Near Growels Mall,
Kandivali East, Mumbai 400101
Mumbai, Maharashtra, 400101
The Manav Infra Rights Issue 2025 opens on Wed, Mar 12, 2025, and closes on Mon, Mar 24, 2025.
Manav Infra Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Tue, Mar 4, 2025 |
| Last Date for renunciation of Rights Entitlements | Tue, Mar 18, 2025 |
| Issue Opening Date | Wed, Mar 12, 2025 |
| Issue Closing Date | Mon, Mar 24, 2025 |
| Date of Allotment (on or about) | Thu, Mar 27, 2025 |
| Date of Credit (on or about) | Tue, Apr 1, 2025 |
| Date of Listing (on or about) | Fri, Apr 4, 2025 |
You can apply for Manav Infra Rights Issue 2025 in two ways:
Steps to apply for Manav Infra Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Manav Infra Rights Issue 2025 using Registrar's website (R-WAP)
