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Manav infra projects IPO is a fixed price issue of ₹5.51 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹5.51 crore.
Manav infra projects IPO bidding started from Sep 4, 2017 and ended on Sep 8, 2017. The shares got listed on NSE SME on Sep 18, 2017.
Manav infra projects IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Refer to Manav infra projects IPO RHP for detailed Information.
| IPO Date | September 4, 2017 to September 8, 2017 |
| Listing Date | September 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,36,000 shares (aggregating up to ₹5.51 Cr) |
| Reserved for Market Maker | 92,000 shares Alacrity Securities Ltd. (aggregating up to ₹0.2760 Cr) |
| Net Offered to Public | 17,44,000 shares (aggregating up to ₹5.23 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,36,000 shares |
Manav infra projects IPO offers total 18,36,000 shares. Out of which 8,72,000 (47.49%) allocated to NII, 8,72,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 92,000 (5.01%) |
| NII (HNI) Shares Offered | 8,72,000 (47.49%) |
| Retail Shares Offered | 8,72,000 (47.49%) |
| Total Shares Offered | 18,36,000 (100.00%) |
Manav infra projects IPO opens on September 4, 2017, and closes on September 8, 2017.
| IPO Open Date | Mon, Sep 4, 2017 |
| IPO Close Date | Fri, Sep 8, 2017 |
| Tentative Listing Date | Mon, Sep 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 8, 2017 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2009, Manav infra projects Ltd is engaged into the business of civil construction services such as piling, excavation, road construction, land leveling. They also provide a complete range of earth moving machines and construction equipments on rent for all type of infrastructure and construction related work.
Company's customer include medium to large size of construction and infrastructure companies like Kanakia Spaces Realty Pvt Ltd, J Kumar Infra Projects Ltd, ACC Ltd, J P Infra Constructions, Simplex Infrastructure Ltd, Man Infra Constructions Ltd and Nirmal Lifestyle Limited. They have advances machines built by top class international brands like Caterpillar(CAT), Volvo, Kobelco, Tata Hitachi, JCB, Furukawa, Ashok Leyland, Komatsu and more.
Manav's other services include:
1. Residential & Commercial Contracts
2. Cleaning & Grubbing
3. Erosion & Soil Control Measures
4. Basement Digging
5. Back Filling
6. Handling and transportation of limestone and coal
7. Civil work for internal storm water surface drainage
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,302.68 | 1,383.33 | 1,110.26 | 1,509.76 | 1,525.85 | |
| Total Revenue | 1,829.67 | 1,644.35 | 1,622.54 | 1,197.17 | 1,210.25 | |
| Profit After Tax | 103.16 | 60.85 | 0.44 | 20.53 | 38.99 | |
The Company Manav infra projects 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 | To part finance incremental working capital requirements of the Company | 3.80 |
| 2 | General corporate purposes | 1.25 |
[Dilip Davda] Considering fully priced issue, risk savvy cash surplus investors may invest for long term. Read detail review...
| Listing Date | September 18, 2017 |
| BSE Script Code | |
| NSE Symbol | MANAV |
| ISIN | INE104Y01012 |
| Final Issue Price | ₹30 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹32.00 |
| Low | ₹24.00 |
| High | ₹33.00 |
| Last Trade | ₹24.00 |
Manav infra projects Ltd.
308, 3rd Floor,
Blue Rose Ind Premises Co-Op Society,
Borivali East,
Mumbai, Maharashtra, 400065
Phone: +91-22-2854 0694
Email: mip@manavinfra.com
Website: http://www.manavinfra.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: manavinfraprojects.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Manav infra projects IPO is a SME IPO of 18,36,000 equity shares of the face value of ₹10 aggregating up to ₹5.51 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on September 4, 2017, and closes on September 8, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Manav infra projects IPO using UPI as a payment gateway. Zerodha customers can apply in Manav infra projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manav infra projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manav infra projects IPO opens on September 4, 2017 and closes on September 8, 2017.
Manav infra projects IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Manav infra projects 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 Manav infra projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manav infra projects IPO allotment status.
The Manav infra projects IPO listing date is on Monday, September 18, 2017.
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