Bookbuilding IPO | ₹327 Cr | Listed at BSE, NSE | Thu, Sep 27, 2007 - Thu, Oct 4, 2007
Maytas Infra IPO is a book build issue of ₹327.45 crores. The issue is entirely a fresh issue of 0.89 crore shares of ₹327.45 crore.
Maytas Infra IPO bidding started from Sep 27, 2007 and ended on Oct 4, 2007. The shares got listed on BSE, NSE on Oct 25, 2007.
Maytas Infra IPO price band is set at ₹370 per share. The lot size for an application is 18. The minimum amount of investment required by an retail is ₹6,660 (18 shares) (based on upper price). The lot size investment for sNII is 31 lots (558 shares), amounting to ₹2,06,460, and for bNII, it is 151 lots (2,718 shares), amounting to ₹10,05,660.
BOFA Securities India Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Maytas Infra IPO RHP for detailed Information.
IPO Open
Thu, Sep 27, 2007
IPO Close
Thu, Oct 4, 2007
Issue Price
₹370 per share
Market Cap (Pre-IPO)
₹2,177.45 Cr
| IPO Date | 27 Sep to 4 Oct, 2007 |
| Listed on | Thu, Oct 25, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹320 to ₹370 |
| Issue Price | ₹370 per share |
| Lot Size | 18 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 88,50,000 shares (agg. up to ₹327 Cr) |
| Fresh Issue | 88,50,000 shares (agg. up to ₹327 Cr) |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 5,88,50,000 shares |
| BSE Script Code / NSE Symbol | 532907 / IL&FSENGG |
| ISIN | INE369I01014 |
Maytas Infra IPO comprises a total issue size of 88,50,000 shares. Out of which, 53,10,000 (60.00%) are allocated to QIB, 8,85,000 (10.00%) allocated to NII 26,55,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 53,10,000 | 60.00% | NA |
| NII (HNI) Shares Offered | 8,85,000 | 10.00% | NA |
| Retail Shares Offered | 26,55,000 | 30.00% | 1,47,500 |
| Total Shares Offered | 88,50,000 | 100.00% |
Investors can bid for a minimum of 18 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹6,660 |
| Retail (Max) | 30 | 540 | ₹1,99,800 |
| S-HNI (Min) | 31 | 558 | ₹2,06,460 |
| S-HNI (Max) | 150 | 2,700 | ₹9,99,000 |
| B-HNI (Min) | 151 | 2,718 | ₹10,05,660 |
Incorporated in 1988, Maytas Infra Limited is in the business of construction and infrastructure development. Maytas business areas involve construction as a contractor on a contract basis and Infrastructure Development which involves identifying, sourcing, developing, and operating projects in infrastructure sectors.
Maytas construction business mainly focuses in irrigation, roads and bridges projects. Maytas recently entered in infrastructure business with airports, seaports, rail based systems, oil and gas-pipelines, refineries and petro chemicals, water and water treatment, power generation, transmission and distribution industrial construction projects.
| 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 | Investment in Associate companies: Bangalore Elevated Tollway for the construction of the elevated highway project of the Bangalore-Hosur section of NH-7; KVK Nilachal Power for developing, constructing and commissioning a 300 MW coal-based power plant in Orissa; and SV Power for setting up a 56 MW coal washery reject based power plant and a 2.5 million metric tonne per annum coal washery at Korba District, Chhattisgarh | 189.40 |
| 2 | Purchase of construction equipment | 33.29 |
| 3 | Other project related investments and commitments | |
| 4 | General corporate purposes | 74.76 |
| 5 | Issue expenses | 30.00 |
| KPI | |
|---|---|
| RoNW | 20.7% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 43.13% | 36.64% |
| Market Cap | ₹2,177.45 Cr. |
The Maytas IPO is subscribed 67.86 times on October 4, 2007 5:00:00 PM (Day 5). The public issue subscribed 15.42 times in the retail category, 99.41 times in the QIB category, and 35.84 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 | Lead management, underwriting and selling commissions | 15.00 |
| 2 | Advertising and marketing expenses | 6.00 |
| 3 | Printing and stationery | 5.00 |
| 4 | Other (Registrar’s fees, legal fees, etc.) | 4.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹370.00 | ₹370.00 |
| Open | ₹480.00 | ₹515.75 |
| Low | ₹480.00 | ₹515.00 |
| High | ₹637.70 | ₹642.00 |
| Last Trade | ₹614.30 | ₹613.35 |
Maytas Infra IPO is a main-board IPO of 88,50,000 equity shares of the face value of ₹10 aggregating up to ₹327 Crores. The issue is priced at ₹370 per share. The minimum order quantity is 18.
The IPO opens on Thu, Sep 27, 2007, and closes on Thu, Oct 4, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Maytas Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Maytas Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maytas Infra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maytas Infra IPO opens on Thu, Sep 27, 2007 and closes on Thu, Oct 4, 2007.
Maytas Infra IPO lot size is 18, and the minimum amount required for application is ₹6,660.
You can apply in Maytas Infra 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 Maytas Infra IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Maytas Infra IPO allotment status.
The Maytas Infra IPO listing date is on Thu, Oct 25, 2007.
