Bookbuilding IPO | ₹103 Cr | Listed at BSE, NSE | Fri, Nov 27, 2009 - Tue, Dec 1, 2009
MBL Infrastructures IPO is a book build issue of ₹102.60 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹102.60 crore.
MBL Infrastructures IPO bidding started from Nov 27, 2009 and ended on Dec 1, 2009. The shares got listed on BSE, NSE on Jan 11, 2010.
MBL Infrastructures IPO price band is set at ₹180 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹6,300 (35 shares) (based on upper price). The lot size investment for sNII is 32 lots (1,120 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (5,565 shares), amounting to ₹10,01,700.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to MBL Infrastructures IPO RHP for detailed Information.
IPO Open
Fri, Nov 27, 2009
IPO Close
Tue, Dec 1, 2009
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹315.25 Cr
| IPO Date | 27 Nov to 1 Dec, 2009 |
| Listed on | Mon, Jan 11, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹180 |
| Issue Price | ₹180 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 57,00,000 shares (agg. up to ₹103 Cr) |
| Fresh Issue | 57,00,000 shares (agg. up to ₹103 Cr) |
| Share Holding Pre Issue | 1,18,13,727 shares |
| Share Holding Post Issue | 1,75,13,727 shares |
| BSE Script Code / NSE Symbol | 533152 / MBLINFRA |
| ISIN | INE912H01013 |
MBL Infrastructures IPO comprises a total issue size of 57,00,000 shares. The net offer to the public is 56,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 28,00,000 (50.00%) are allocated to QIB, 8,40,000 (15.00%) allocated to NII 19,60,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 28,00,000 | 50.00% | 49.12% | NA |
| − Anchor Investor Shares Offered | 8,40,000 | 14.74% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 19,60,000 | 34.39% | NA | |
| NII (HNI) Shares Offered | 8,40,000 | 15.00% | 14.74% | NA |
| Retail Shares Offered | 19,60,000 | 35.00% | 34.39% | 56,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 1.75% | NA | |
| Total Shares Offered | 57,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,300 |
| Retail (Max) | 31 | 1,085 | ₹1,95,300 |
| S-HNI (Min) | 32 | 1,120 | ₹2,01,600 |
| S-HNI (Max) | 158 | 5,530 | ₹9,95,400 |
| B-HNI (Min) | 159 | 5,565 | ₹10,01,700 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1995, MBL Infrastructures Ltd is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.
MBL has executed and undertaken a number of projects in the states of West Bengal, Madhya Pradesh, Uttarakhand, Orissa, Maharashtra, Rajasthan, Assam, Uttar Pradesh, Bihar, Delhi, Andhra Pradesh, Chattisgarh, Jharkhand, Haryana and Karnataka. MBL is also engaged in steel trading and waste management (ferrous scrap and slag recycling) at major steel plants.
MBL has completed the execution of BOT project of 114 kms. of Seoni- Balaghat- Rajegaon State Highway under the Public Private Partnership (PPP) arrangements. Company also completed the work of construction of additional length of service road and side drains from Km. 146.00 to Km. 156.00 including 2-lane flyover on Guwahati Bypass section of NH 37 in the state of Assam. MBL owns a fleet of equipments, including hot mix plants, sensor pavers, tandom rollers, soil compactors, stone crushers, tippers, loaders, excavators, motorgraders, concrete batching plants, transit mixers, concrete pumps, reversible drum mixers, dozers and cranes.
MBL have tied up with Dulevo International, Italy a company manufacturing and providing complete range of industrial sweepers and road sweepers for jointly bidding for comprehensive maintenance of metro city roads and also tied up with Sky Park, U.K., a company manufacturing and providing multilevel car parking systems for jointly bidding for multilevel car parking 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 Capital Equipments | 54.94 |
| 2 | Part funding of working Capital requirement | 30.00 |
| 3 | General Corporate Purposes | 18.45 |
| 4 | Issue Expenses | 9.21 |
| KPI | |
|---|---|
| RoNW | 27.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 84.97% | |
| Market Cap | ₹315.25 Cr. |
The MBL Infra IPO is subscribed 1.97 times on December 1, 2009 5:00:00 PM (Day 3). The public issue subscribed 0.4 times in the retail category, 3.35 times in the QIB category, and 2.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.35 | 19,60,000 | |
| NII | 2.65 | 8,40,000 | |
| Retail | 0.4 | 19,60,000 | |
| Employee | 0.14 | 1,00,000 | |
| Total | 1.97 | 48,60,000 |
ICRA has assigned an IPO Grade 2 to MBL Infrastructures Ltd IPO. This means as per ICRA, company has below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download ICRA rating document.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management fees, underwriting commission and brokerage | 5.92 |
| 2 | Marketing and advertisement expenses | 1.27 |
| 3 | Stationery, printing and registrar expenses | 1.33 |
| 4 | Others | 0.69 |
Company published a letter to its investors giving the option to withdraw from the public issue with in 10 days. The last date of receipt of request for withdrawal shall be 10th day from the date hereof, i.e., on or before 5.30 PM on December 22, 2009.
This may cause some delay in share allotment and refund for MBL Infrastructures IPO. Investors who do not want to block their money may withdraw their IPO application in 10 days.
Read attached document Investorletter.pdf
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹180.00 | ₹180.00 |
| Open | ₹190.00 | ₹185.00 |
| Low | ₹190.00 | ₹185.00 |
| High | ₹218.00 | ₹219.40 |
| Last Trade | ₹205.75 | ₹206.55 |
Lead Manager Reports
MBL Infrastructures IPO is a main-board IPO of 57,00,000 equity shares of the face value of ₹10 aggregating up to ₹103 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 35.
The IPO opens on Fri, Nov 27, 2009, and closes on Tue, Dec 1, 2009.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MBL Infrastructures IPO using UPI as a payment gateway. Zerodha customers can apply in MBL Infrastructures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MBL Infrastructures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MBL Infrastructures IPO opens on Fri, Nov 27, 2009 and closes on Tue, Dec 1, 2009.
MBL Infrastructures IPO lot size is 35, and the minimum amount required for application is ₹6,300.
You can apply in MBL Infrastructures 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 MBL Infrastructures IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MBL Infrastructures IPO allotment status.
The MBL Infrastructures IPO listing date is on Mon, Jan 11, 2010.
