Bookbuilding IPO | ₹324 Cr | Listed at BSE, NSE | Tue, Apr 21, 2015 - Thu, Apr 23, 2015
MEP Infrastructure IPO is a book build issue of ₹324.00 crores. The issue is entirely a fresh issue of 5.11 crore shares of ₹324.00 crore.
MEP Infrastructure IPO bidding started from Apr 21, 2015 and ended on Apr 23, 2015. The shares got listed on BSE, NSE on May 6, 2015.
MEP Infrastructure IPO price band is set at ₹63 per share. The lot size for an application is 225. The minimum amount of investment required by an retail is ₹14,625 (225 shares) (based on upper price). The lot size investment for sNII is 15 lots (3,375 shares), amounting to ₹2,12,625, and for bNII, it is 71 lots (15,975 shares), amounting to ₹10,06,425.
IDBI Capital Markets Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to MEP Infrastructure IPO RHP for detailed Information.
IPO Open
Tue, Apr 21, 2015
IPO Close
Thu, Apr 23, 2015
Issue Price
₹63 per share
Market Cap (Pre-IPO)
₹1,024.19 Cr
| IPO Date | 21 to 23 Apr, 2015 |
| Listed on | Wed, May 6, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹65 |
| Issue Price | ₹63 per share |
| Lot Size | 225 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,10,74,941 shares (agg. up to ₹324 Cr) |
| Fresh Issue | 5,10,74,941 shares (agg. up to ₹324 Cr) |
| Share Holding Pre Issue | 11,14,94,250 shares |
| Share Holding Post Issue | 16,25,69,191 shares |
| BSE Script Code / NSE Symbol | 539126 / MEP |
| ISIN | INE776I01010 |
MEP Infrastructure IPO comprises a total issue size of 5,10,74,941 shares. Out of which, 3,83,06,206 (75.00%) are allocated to QIB, 76,61,241 (15.00%) allocated to NII 51,07,494 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 3,83,06,206 | 75.00% | NA |
| − Anchor Investor Shares Offered | 1,11,39,346 | 21.81% | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,71,66,860 | 53.19% | NA |
| NII (HNI) Shares Offered | 76,61,241 | 15.00% | NA |
| Retail Shares Offered | 51,07,494 | 10.00% | 22,699 |
| Total Shares Offered | 5,10,74,941 | 100.00% |
Investors can bid for a minimum of 225 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 225 | ₹14,175 |
| Retail (Max) | 14 | 3,150 | ₹1,98,450 |
| S-HNI (Min) | 15 | 3,375 | ₹2,12,625 |
| S-HNI (Max) | 70 | 15,750 | ₹9,92,250 |
| B-HNI (Min) | 71 | 15,975 | ₹10,06,425 |
Incorporated in 2011, MEP Infrastructure Developers Ltd is engaged in tolling operations of the road infrastructure sector, with a pan-India presence. Company focus on pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.
They have completed 68 projects, with an aggregate of 122 toll plazas and 783 lanes, and have an overall experience of over 12 years in this business across 12 states in India. Some of the significant toll collection projects completed by them include project for collection of toll at:
1. Five Mumbai Entry Points where they currently operate an OMT contract pursuant to a re-award;
2. Chalthan toll plaza, Gujarat;
3. Toll plazas located at Ahmedabad, AUDA Ring Road, Nadiad, Anand and Vadodara on the Ahmedabad Vadodara Expressway, Gujarat;
4. Rajiv Gandhi Sea Link, Mumbai, Maharashtra;
5. Chirle toll plaza and Karanjade toll plaza, Maharashtra; and
6. Toll plazas on Hanumangarh, Kishangarh road, Rajasthan.
MEP Infra currently operate 23 toll collection projects with an aggregate of 40 toll plazas, five OMT projects covering 2,530.04 lane kilometres with an aggregate of 15 toll plazas and one BOT project covering 42.02 lane kilometres with five toll plazas. These ongoing projects are located across nine states in India.
| 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 | Repayment / pre-payment, in full or in part, of certain loans availed by the Subsidiary, MIPL | 262.08 |
| 2 | General corporate purposes | 40.37 |
| KPI | |
|---|---|
| RoNW | -79.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.17% | 66.64% |
| Market Cap | ₹1,024.19 Cr. |
The MEP Infrastructure IPO is subscribed 1.11 times on April 23, 2015 7:00:00 PM (Day 3). The public issue subscribed 0.97 times in the retail category, 1.02 times in the QIB category, and 1.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.02 | 2,74,32,083 | |
| NII | 1.51 | 77,14,285 | |
| Retail | 0.97 | 51,42,857 | |
| Total | 1.11 | 4,02,89,225 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 10.05 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Issue | 0.01 |
| 3 | Brokerage and selling commission for Registered Brokers | 0.00 |
| 4 | Registrar to the Issue | 0.09 |
| 5 | Other advisors to the Issue | 3.78 |
| 6 | Others - Listing fees, SEBI fees, bookbuilding software fees, stock exchange fees | 1.57 |
| 7 | Printing and stationary | 2.61 |
| 8 | Advertising and marketing expenses | 3.19 |
| 9 | Miscellaneous | 0.27 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹63.00 | ₹63.00 |
| Open | ₹63.00 | ₹65.00 |
| Low | ₹55.45 | ₹52.80 |
| High | ₹63.50 | ₹65.00 |
| Last Trade | ₹60.95 | ₹58.40 |
Lead Manager Reports
MEP Infrastructure IPO is a main-board IPO of 5,10,74,941 equity shares of the face value of ₹10 aggregating up to ₹324 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 225.
The IPO opens on Tue, Apr 21, 2015, and closes on Thu, Apr 23, 2015.
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 MEP Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in MEP Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MEP Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MEP Infrastructure IPO opens on Tue, Apr 21, 2015 and closes on Thu, Apr 23, 2015.
MEP Infrastructure IPO lot size is 225, and the minimum amount required for application is ₹14,175.
You can apply in MEP Infrastructure 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 MEP Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MEP Infrastructure IPO allotment status.
The MEP Infrastructure IPO listing date is on Wed, May 6, 2015.
