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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 ₹370.00 per share . The lot size for an application is 18. The minimum amount of investment required by an retail is ₹5,760 (18 shares). 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 Date | September 27, 2007 to October 4, 2007 |
| Listing Date | October 25, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹320 to ₹370 per share |
| Issue Price Final | ₹370 per share |
| Lot Size | 18 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 88,50,000 shares (aggregating up to ₹327.45 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 5,88,50,000 shares |
Maytas IPO offers total 88,50,000 shares. Out of which 53,10,000 (60.00%) allocated to QIB, 8,85,000 (10.00%) allocated to NII, 26,55,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Maytas Infra IPO opens on September 27, 2007, and closes on October 4, 2007.
| IPO Open Date | Thu, Sep 27, 2007 |
| IPO Close Date | Thu, Oct 4, 2007 |
| Tentative Listing Date | Thu, Oct 25, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 4, 2007 |
Investors can bid for a minimum of 18 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 20.7% |
The Company Maytas IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 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 | 1,894.00 |
| 2 | Purchase of construction equipment | 332.90 |
| 3 | Other project related investments and commitments | |
| 4 | General corporate purposes | 747.60 |
| 5 | Issue expenses | 300.00 |
| Listing Date | October 25, 2007 |
| BSE Script Code | 532907 |
| NSE Symbol | IL&FSENGG |
| ISIN | INE369I01014 |
| Final Issue Price | ₹370 per share |
| BSE Listing Group | B1 |
Maytas Infra Ltd.
6-3-1186/5/A,
III Floor, Amogh Plaza,
Begumpet
Hyderabad, Telangana, 500016
Phone: +91 40 2340 8100
Email: cs@maytasinfra.com
Website: http://www.maytasinfra.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: maytasipo@karvy.com
Website: https://ipostatus.kfintech.com/
Maytas Infra IPO is a main-board IPO of 88,50,000 equity shares of the face value of ₹10 aggregating up to ₹327.45 Crores. The issue is priced at ₹370 per share. The minimum order quantity is 18.
The IPO opens on September 27, 2007, and closes on October 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 September 27, 2007 and closes on October 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 Thursday, October 25, 2007.
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