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CMM Infraprojects IPO is a fixed price issue of ₹18.18 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹18.18 crore.
CMM Infraprojects IPO bidding started from Sep 29, 2017 and ended on Oct 4, 2017. The shares got listed on NSE SME on Oct 12, 2017.
CMM Infraprojects IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Systematix Corporate Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Systematix Shares & Stocks (India) Ltd..
Refer to CMM Infraprojects IPO RHP for detailed Information.
| IPO Date | September 29, 2017 to October 4, 2017 |
| Listing Date | October 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,45,000 shares (aggregating up to ₹18.18 Cr) |
| Reserved for Market Maker | 2,28,000 shares Systematix Shares & Stocks (India) Ltd. (aggregating up to ₹0.9120 Cr) |
| Net Offered to Public | 43,17,000 shares (aggregating up to ₹17.27 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,11,28,260 shares |
| Share Holding Post Issue | 1,56,73,260 shares |
CMM Infraprojects IPO offers total 45,45,000 shares. Out of which 21,57,000 (47.46%) allocated to NII, 21,60,000 (47.52%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,28,000 (5.02%) |
| NII (HNI) Shares Offered | 21,57,000 (47.46%) |
| Retail Shares Offered | 21,60,000 (47.52%) |
| Total Shares Offered | 45,45,000 (100.00%) |
CMM Infraprojects IPO opens on September 29, 2017, and closes on October 4, 2017.
| IPO Open Date | Fri, Sep 29, 2017 |
| IPO Close Date | Wed, Oct 4, 2017 |
| Tentative Listing Date | Thu, Oct 12, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 4, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
CMM Infraprojects Limited is Indore, Madhya Pradesh based infrastructure project developer. CMM Infraprojects is an Engineering, Procurement and Construction (EPC) Company with experience in end-to-end design and construction of various projects.Company does Buildings and Roads construction on contract basis.
CMM Infraprojects was originally started in 1979 and listed its Equity Shares on the Institutional Trading Platform (ITP) of the NSE on April 01, 2015. Later company voulantary got delisted with on July 06, 2016.
CMM Infraprojects have executed multiple projects with the Government / PSUs / Corporates & various other organizations across different sectors and verticals in state of Madhya Pradesh, Odisha, Chhattisgarh, Maharashtra, Rajasthan, Bihar, Goa, Haryana and Uttar Pradesh.
Company Strengths:
1. Primary focus of our business is on Engineering, Procurement and Construction (EPC).
2. Investments in modern construction equipment.
3. Geographical footprint continues to grow.
4. Substantial growth in past few years.
5. 90% revenue from Govt. contracts.
The Company CMM Infraprojects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 12.50 |
| 2 | General Corporate Purposes | 4.04 |
[Dilip Davda] Investment may be considered for medium to long term Read detail review...
| Listing Date | October 12, 2017 |
| BSE Script Code | |
| NSE Symbol | CMMIPL |
| ISIN | INE289S01013 |
| Final Issue Price | ₹40 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹46.50 |
| Low | ₹38.65 |
| High | ₹48.00 |
| Last Trade | ₹42.25 |
CMM Infraprojects Ltd.
108, Shalimar Corporate Cente,
8-B,
South Tukoganj,
Indore, Madhya Pradesh, 452001
Phone: +91 731- 2516386
Email: cmm.kmundra@gmail.com
Website: http://www.cmminfra.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cmminfra.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
CMM Infraprojects IPO is a SME IPO of 45,45,000 equity shares of the face value of ₹10 aggregating up to ₹18.18 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on September 29, 2017, and closes on October 4, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in CMM Infraprojects IPO using UPI as a payment gateway. Zerodha customers can apply in CMM Infraprojects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CMM Infraprojects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CMM Infraprojects IPO opens on September 29, 2017 and closes on October 4, 2017.
CMM Infraprojects IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in CMM Infraprojects 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 CMM Infraprojects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the CMM Infraprojects IPO allotment status.
The CMM Infraprojects IPO listing date is on Thursday, October 12, 2017.
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