Fixed Price IPO | ₹40 Cr | Listed at BSE SME | Fri, Mar 17, 2017 - Wed, Mar 22, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 17, 2017
IPO Close
Wed, Mar 22, 2017
Issue Price
₹360 per share
Market Cap (Pre-IPO)
₹149.76 Cr
| IPO Date | 17 to 22 Mar, 2017 |
| Listed on | Thu, Mar 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹360 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 11,10,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 57,600 shares Aryaman Capital Markets Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 92,400 shares (agg. up to ₹3 Cr) |
| Offer for Sale | 9,60,000 shares of ₹10 (agg. up to ₹35 Cr) |
| Net Offered to Public | 10,52,400 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 40,10,000 shares |
| Share Holding Post Issue | 41,60,000 shares |
| BSE Script Code | 540402 |
| ISIN | INE800W01019 |
Manas Properties IPO comprises a total issue size of 11,10,000 shares. The net offer to the public is 10,52,400 shares, after excluding 57,600 shares allotted on a firm basis. Of the Net offer 5,26,200 (50.00%) allocated to NII 5,26,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,26,200 | 50.00% | 47.41% |
| Retail Shares Offered | 5,26,200 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 57,600 | 5.19% | |
| Total Shares Offered | 11,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 300 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Manas Properties IPO is subscribed [.] times on March 22, 2017 6:50:00 PM (Day 4). 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 | Offer Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.40 |
| 2 | Brokerage and selling commission | 0.03 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.03 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹360.00 |
| Open | ₹360.55 |
| Low | ₹360.00 |
| High | ₹364.90 |
| Last Trade | ₹360.20 |
Lead Manager Reports
Manas Properties IPO is a SME IPO of 11,10,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹360 per share. The minimum order quantity is 300.
The IPO opens on Fri, Mar 17, 2017, and closes on Wed, Mar 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 Fri, Mar 17, 2017 and closes on Wed, Mar 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 Thu, Mar 30, 2017.
