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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 ₹180.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹5,775 (35 shares). 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 Date | November 27, 2009 to December 1, 2009 |
| Listing Date | January 11, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹165 to ₹180 per share |
| Issue Price Final | ₹180 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,00,000 shares (aggregating up to ₹102.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,18,13,727 shares |
| Share Holding Post Issue | 1,75,13,727 shares |
MBL Infra IPO offers total 57,00,000 shares. Out of which 28,00,000 (49.12%) allocated to QIB, 19,60,000 (34.39%) allocated to QIB, 8,40,000 (14.74%) allocated to NII, 19,60,000 (34.39%) allocated to RII and 8,40,000 (14.74%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 28,00,000 (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 (14.74%) | NA |
| Retail Shares Offered | 19,60,000 (34.39%) | 56,000 |
| Employee Shares Offered | 1,00,000 (1.75%) | NA |
| Total Shares Offered | 57,00,000 (100.00%) |
| 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 |
MBL Infrastructures IPO opens on November 27, 2009, and closes on December 1, 2009.
| IPO Open Date | Fri, Nov 27, 2009 |
| IPO Close Date | Tue, Dec 1, 2009 |
| Tentative Listing Date | Mon, Jan 11, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 1, 2009 |
Investors can bid for a minimum of 35 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
| 30-June-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 15091.10 | 51364.34 | 29397.12 | 17064.13 | 15815.82 | 14286.88 |
| Profit After Tax (PAT) | 860.23 | 2740.32 | 1692.30 | 1031.65 | 846.35 | 657.98 |
| KPI | Values |
|---|---|
| RoNW | 27.61% |
The Company MBL Infra 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 Capital Equipments | 549.43 |
| 2 | Part funding of working Capital requirement | 300.00 |
| 3 | General Corporate Purposes | 184.47 |
| 4 | Issue Expenses | 92.10 |
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.
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
| Listing Date | January 11, 2010 |
| BSE Script Code | 533152 |
| NSE Symbol | MBLINFRA |
| ISIN | INE912H01013 |
| Final Issue Price | ₹180 per share |
| BSE Listing Group | B |
MBL Infrastructures Ltd.
23 A, Netaji Subhas Road,
3rd Floor, Suite 14,
Kolkata – 700 001
Kolkata, West Bengal
Phone: + 91 33 2230 1671 / 2353
Email: cs@mblinfra.com
Website: http://www.mblinfra.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mbl.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
MBL Infrastructures IPO is a main-board IPO of 57,00,000 equity shares of the face value of ₹10 aggregating up to ₹102.60 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 35.
The IPO opens on November 27, 2009, and closes on December 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 November 27, 2009 and closes on December 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 Monday, January 11, 2010.
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