Fixed Price IPO | ₹18 Cr | Listed at NSE SME | Fri, Sep 29, 2017 - Wed, Oct 4, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 29, 2017
IPO Close
Wed, Oct 4, 2017
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹62.69 Cr
| IPO Date | 29 Sep to 4 Oct, 2017 |
| Listed on | Thu, Oct 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,45,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 2,28,000 shares Systematix Shares & Stocks (India) Ltd. (agg. up to ₹0.9120 Cr) |
| Fresh Issue (Ex Market Maker) | 43,17,000 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 43,17,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 1,11,28,260 shares |
| Share Holding Post Issue | 1,56,73,260 shares |
| NSE Symbol | CMMIPL |
| ISIN | INE289S01013 |
CMM Infraprojects IPO comprises a total issue size of 45,45,000 shares. The net offer to the public is 43,17,000 shares, after excluding 2,28,000 shares allotted on a firm basis. Of the Net offer 21,57,000 (49.97%) allocated to NII 21,60,000 (50.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,57,000 | 49.97% | 47.46% |
| Retail Shares Offered | 21,60,000 | 50.03% | 47.52% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,28,000 | 5.02% | |
| Total Shares Offered | 45,45,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 12.50 |
| 2 | General Corporate Purposes | 4.04 |
The CMM Infraprojects IPO is subscribed [.] times on October 4, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker, Registrar, Legal Advisors, Statutory Expenses, Printing and Stationery Expenses, Advertising and Marketing Expenses | 0.35 |
| 2 | Fees payable to Market Maker for 3 years towards market making | 0.15 |
| 3 | Underwriting, Brokerage & Selling Commission | 1.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹46.50 |
| Low | ₹38.65 |
| High | ₹48.00 |
| Last Trade | ₹42.25 |
Lead Manager Reports
CMM Infraprojects IPO is a SME IPO of 45,45,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Sep 29, 2017, and closes on Wed, Oct 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 Fri, Sep 29, 2017 and closes on Wed, Oct 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 Thu, Oct 12, 2017.
