Bookbuilding IPO | ₹142 Cr | Listed at BSE, NSE | Thu, Feb 18, 2010 - Mon, Feb 22, 2010
Man Infraconstruction IPO is a book build issue of ₹141.76 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹141.76 crore.
Man Infraconstruction IPO bidding started from Feb 18, 2010 and ended on Feb 22, 2010. The shares got listed on BSE, NSE on Mar 11, 2010.
Man Infraconstruction IPO price band is set at ₹252 per share. The lot size for an application is 22. The minimum amount of investment required by an retail is ₹5,544 (22 shares) (based on upper price). The lot size investment for sNII is 37 lots (814 shares), amounting to ₹2,05,128, and for bNII, it is 181 lots (3,982 shares), amounting to ₹10,03,464.
The issue includes a reservation of up to 2,25,150 shares for employees offered at a discount of ₹0.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Man Infraconstruction IPO RHP for detailed Information.
IPO Open
Thu, Feb 18, 2010
IPO Close
Mon, Feb 22, 2010
Issue Price
₹252 per share
Market Cap (Pre-IPO)
₹1,247.40 Cr
| IPO Date | 18 to 22 Feb, 2010 |
| Listed on | Thu, Mar 11, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹243 to ₹252 |
| Issue Price | ₹252 per share |
| Lot Size | 22 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 56,25,204 shares (agg. up to ₹142 Cr) |
| Fresh Issue | 56,25,204 shares (agg. up to ₹142 Cr) |
| Share Holding Pre Issue | 4,38,74,850 shares |
| Share Holding Post Issue | 4,95,00,000 shares |
| BSE Script Code / NSE Symbol | 533169 / MANINFRA |
| ISIN | INE949H01023 |
Man Infraconstruction IPO comprises a total issue size of 56,25,150 shares. The net offer to the public is 54,00,000 shares, after excluding 2,25,150 shares under a preferential allotment. Of the Net offer 32,40,000 (60.00%) are allocated to QIB, 5,40,000 (10.00%) allocated to NII 16,20,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 32,40,000 | 60.00% | 57.60% | NA |
| − Anchor Investor Shares Offered | 9,72,000 | 17.28% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 22,68,000 | 40.32% | NA | |
| NII (HNI) Shares Offered | 5,40,000 | 10.00% | 9.60% | NA |
| Retail Shares Offered | 16,20,000 | 30.00% | 28.80% | 73,636 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,25,150 | 4.00% | NA | |
| Total Shares Offered | 56,25,150 | 100.00% | 100.00% | |
Investors can bid for a minimum of 22 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹5,544 |
| Retail (Max) | 36 | 792 | ₹1,99,584 |
| S-HNI (Min) | 37 | 814 | ₹2,05,128 |
| S-HNI (Max) | 180 | 3,960 | ₹9,97,920 |
| B-HNI (Min) | 181 | 3,982 | ₹10,03,464 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2002, Man Infraconstruction Ltd is a construction company located in Mumbai. Company have undertaken projects in the six States of Maharashtra, Kerala, Gujarat, West Bengal, Goa and Tamil Nadu. Man Infraconstruction provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. Man Infra have executed onshore port infrastructure projects in the following ports in India: Jawaharlal Nehru Port Trust, Mundra Port, Chennai Port, Vallarpadam Port and Pipavav Port.
Man Infra work with real estate developers in Mumbai and Pune, Maharashtra in residential sector and are in the process of constructing a residential complex in the western suburbs of Mumbai with an aggregate area of 1.95 million square feet, a slum rehabilitation authority project in Mumbai consisting of the construction of a township aggregating 5.16 million square feet and the construction of 5,166 tenements at a mass housing project at Pune. Man Infraconstruction have also been awarded an ISO 9001:2008 certification in respect of our construction services in July 2009 by SGS United Kingdom Limited Systems and Services Certification.
Company have experienced rapid growth in their revenues in the preceding three Fiscals. Consolidated revenues increased from Rs.881.40 million in Fiscal 2007 to Rs.2,360.07 million in Fiscal 2008 and to Rs.5,942.78 million in Fiscal 2009 at a CAGR of 159.66%. Company's EBITDA margin in Fiscal 2009 was 26% and net margin was 14%. EBITDA increased from Rs.220.36 million in Fiscal 2007 to Rs.559.65 million in Fiscal 2008 and to Rs.1,527.08 million in Fiscal 2009 at a CAGR of 163.25%.
| 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 | Purchase of capital equipment | 122.53 |
| 2 | General corporate purposes |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 71.61% | 63.48% |
| Market Cap | ₹1,247.40 Cr. |
The Man Infraconstruction IPO is subscribed 62.53 times on February 22, 2010 5:00:00 PM (Day 3). The public issue subscribed 10.26 times in the retail category, 96.06 times in the QIB category, and 104.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 96.06 | 22,68,000 | |
| NII | 104.57 | 5,40,000 | |
| Retail | 10.26 | 16,20,000 | |
| Employee | 0.01 | 2,25,150 | |
| Total | 62.53 | 46,53,150 |
CRISIL has assigned an IPO Grade 3 to Man Infraconstruction Ltd IPO. This means as per CRISIL, company has 'Average Fundamentals'. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CRISIL IPO Grading Document for Man Infraconstruction Ltd
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Book Running Lead Managers | 4.96 |
| 2 | Fees payable to the Registrar to the Issue | 0.25 |
| 3 | Fees payable to Escrow Collection Banks | |
| 4 | Underwriting commission, brokerage and selling commission | |
| 5 | SCSB commission | 0.02 |
| 6 | Other (Legal fees, grading expenses, etc.) | 5.39 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹252.00 | ₹252.00 |
| Open | ₹335.00 | ₹318.00 |
| Low | ₹335.00 | ₹318.00 |
| High | ₹374.90 | ₹375.00 |
| Last Trade | ₹348.25 | ₹349.85 |
Lead Manager Reports
Man Infraconstruction IPO is a main-board IPO of 56,25,204 equity shares of the face value of ₹10 aggregating up to ₹142 Crores. The issue is priced at ₹252 per share. The minimum order quantity is 22.
The IPO opens on Thu, Feb 18, 2010, and closes on Mon, Feb 22, 2010.
MUFG Intime 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 Man Infraconstruction IPO using UPI as a payment gateway. Zerodha customers can apply in Man Infraconstruction IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Man Infraconstruction IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Man Infraconstruction IPO opens on Thu, Feb 18, 2010 and closes on Mon, Feb 22, 2010.
Man Infraconstruction IPO lot size is 22, and the minimum amount required for application is ₹5,544.
You can apply in Man Infraconstruction 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 Man Infraconstruction IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Man Infraconstruction IPO allotment status.
The Man Infraconstruction IPO listing date is on Thu, Mar 11, 2010.
