Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Mon, Sep 4, 2017 - Fri, Sep 8, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 4, 2017
IPO Close
Fri, Sep 8, 2017
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹20.51 Cr
| IPO Date | 4 to 8 Sep, 2017 |
| Listed on | Mon, Sep 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,36,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 92,000 shares Alacrity Securities Ltd. (agg. up to ₹0.2760 Cr) |
| Fresh Issue (Ex Market Maker) | 17,44,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 17,44,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,36,000 shares |
| NSE Symbol | MANAV |
| ISIN | INE104Y01012 |
Manav infra projects IPO comprises a total issue size of 18,36,000 shares. The net offer to the public is 17,44,000 shares, after excluding 92,000 shares allotted on a firm basis. Of the Net offer 8,72,000 (50.00%) allocated to NII 8,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,72,000 | 50.00% | 47.49% |
| Retail Shares Offered | 8,72,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 92,000 | 5.01% | |
| Total Shares Offered | 18,36,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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
| 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 | To part finance incremental working capital requirements of the Company | 3.80 |
| 2 | General corporate purposes | 1.25 |
The Manav infra projects IPO is subscribed [.] times on September 8, 2017 5:00:00 PM (Day 5). 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 |
|---|---|---|---|
| NII* | [.] | 9,18,000 | 4,96,000 |
| Retail | [.] | 9,18,000 | 46,52,000 |
| Total | [.] | 18,36,000 | 51,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages | 0.25 |
| 2 | Market Making Fees for three years | 0.06 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 4 | Payment to other intermediaries such as Legal Advisors, Registrars etc. | 0.02 |
| 5 | Advertisement & Marketing Expenses | 0.06 |
| 6 | Regulatory & other expenses | 0.02 |
| 7 | Miscellaneous Expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹32.00 |
| Low | ₹24.00 |
| High | ₹33.00 |
| Last Trade | ₹24.00 |
Lead Manager Reports
Manav infra projects IPO is a SME IPO of 18,36,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Sep 4, 2017, and closes on Fri, Sep 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 Mon, Sep 4, 2017 and closes on Fri, Sep 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 Mon, Sep 18, 2017.
