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Manas Properties IPO is a fixed price issue of ₹39.96 crores. The issue is a combination of fresh issue of 0.02 crore shares aggregating to ₹5.40 crores and offer for sale of 0.10 crore shares aggregating to ₹34.56 crores.
Manas Properties IPO bidding started from Mar 17, 2017 and ended on Mar 22, 2017. The shares got listed on BSE SME on Mar 30, 2017.
Manas Properties IPO price is ₹360.00 per share . The lot size for an application is 300. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (300 shares). The minimum lot size investment for HNI is 2 lots (600 shares), amounting to ₹2,16,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Manas Properties IPO RHP for detailed Information.
| IPO Date | March 17, 2017 to March 22, 2017 |
| Listing Date | March 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹360 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 11,10,000 shares (aggregating up to ₹39.96 Cr) |
| Reserved for Market Maker | 57,600 shares Aryaman Capital Markets Ltd. (aggregating up to ₹2.07 Cr) |
| Fresh Issue (Ex Market Maker) | 92,400 shares (aggregating up to ₹3.33 Cr) |
| Offer for Sale | 9,60,000 shares of ₹10 (aggregating up to ₹34.56 Cr) |
| Net Offered to Public | 10,52,400 shares (aggregating up to ₹37.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 40,10,000 shares |
| Share Holding Post Issue | 41,60,000 shares |
Manas Properties IPO offers total 11,10,000 shares. Out of which 5,26,200 (47.41%) allocated to NII, 5,26,200 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 57,600 (5.19%) |
| NII (HNI) Shares Offered | 5,26,200 (47.41%) |
| Retail Shares Offered | 5,26,200 (47.41%) |
| Total Shares Offered | 11,10,000 (100.00%) |
Manas Properties IPO opens on March 17, 2017, and closes on March 22, 2017.
| IPO Open Date | Fri, Mar 17, 2017 |
| IPO Close Date | Wed, Mar 22, 2017 |
| Tentative Listing Date | Thu, Mar 30, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 22, 2017 |
Investors can bid for a minimum of 300 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 | 300 | ₹1,08,000 |
| Retail (Max) | 1 | 300 | ₹1,08,000 |
| HNI (Min) | 2 | 600 | ₹2,16,000 |
Incorporated in 2004, Manas Properties Ltd is an India-based real estate company. The company is primarily into the business of acquiring properties and leasing / letting it out to their corporate/industrial clients thereby earning lease rentals / license fees as consideration, as well as earning price appreciation (as the case may be). The Company is engaged in the business of developing and renting of immovable properties, and providing real estate marketing and consultancy services wherein they support sales/ lease targets of builders/ developers in return for commission on a fixed/ percentage basis.
Currently company owns a property ad measuring approximately 3,078 square meters of built up area located at Mumbai, which has been leased out to Junobo Hotels Private Limited, for operating “Soho House”, a private luxury club. The Company provides real estate marketing services to Dev Land and Housing Private Limited and other real estate developers in Mumbai.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 30-Nov-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 3,557.45 | 7,834.92 | 8,147.41 | 9,524.96 | 10,677.89 | 10,218.18 |
| Total Revenue | 198.28 | 772.85 | 711.06 | 827.97 | 1,102.72 | 138.01 |
| Profit After Tax (PAT) | 124.61 | 534.04 | (160.87) | (280.40) | (23.70) | (85.32) |
The Company Manas Properties 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 | Repayment of Loansto make the company debt free | 2.13 |
| 2 | Acquisition of property for expansion of own/lease portfolio | 2.00 |
| 3 | Expenditure for General Corporate Purposes | 1.21 |
[Dilip Davda] Issue is highly priced and hence there is no harm in giving it a miss. However, risk savvy cash surplus investors may consider investment at their discretion. Read detail review...
| Listing Date | March 30, 2017 |
| BSE Script Code | 540402 |
| NSE Symbol | |
| ISIN | INE800W01019 |
| Final Issue Price | ₹360 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹360.00 |
| Open | ₹360.55 |
| Low | ₹360.00 |
| High | ₹364.90 |
| Last Trade | ₹360.20 |
Manas Properties Ltd.
10th floor, Dev Plaza,
Opp. Andheri Fire Station,
S.V. Road, Andheri (West),
Mumbai, Maharashtra, 400058
Phone: +91–22– 4038 3838
Email: info@manasproperties.co.in
Website: http://www.manasproperties.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Manas Properties IPO is a SME IPO of 11,10,000 equity shares of the face value of ₹10 aggregating up to ₹39.96 Crores. The issue is priced at ₹360 per share. The minimum order quantity is 300.
The IPO opens on March 17, 2017, and closes on March 22, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Manas Properties IPO using UPI as a payment gateway. Zerodha customers can apply in Manas Properties IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manas Properties IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manas Properties IPO opens on March 17, 2017 and closes on March 22, 2017.
Manas Properties IPO lot size is 300, and the minimum amount required for application is ₹1,08,000.
You can apply in Manas Properties 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 Manas Properties IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manas Properties IPO allotment status.
The Manas Properties IPO listing date is on Thursday, March 30, 2017.
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