Manav Infra Projects IPO

Manav Infra Projects IPO

Manav Infra Projects IPO

Business description from prospectus - Manav Infra Projects is engaged into the business of civil construction services such as piling, excavation, road construction, land leveling. We also provide a complete range of earth moving machines and construction equipments on rent for all type of infrastructure and construction related work.

We secure contracts in generally through one to one negotiation. The pricing of our services is determined on the basis of type of construction and estimated duration within which it needs to be completed as well as the type of equipments required. The prices are determined by negotiating directly with the client. In general, our services are provided to the customers on credit and we maintain an ongoing account of receivables from customers. The customers generally settle the account on periodic basis.

We customer include medium to large size of construction and infrastructure companies like Kanakia Spaces Realty Private Limited, J Kumar Infra Projects Limited, ACC Limited, J P Infra Constructions, Simplex Infrastructure Limited, Man Infra Constructions Limited, Nirmal Lifestyle Limited amongst others.

Promoters of Manav Infra Projects – Mahendra Narayan Raju

Manav Infra Projects IPO details

Subscription Dates4 - 8 September 2017
IPO Price bandINR30 per share
Fresh issue 1,836,000 shares (INR5.51 crore)
Offer for sale Nil
Total IPO size1,836,000 shares (INR5.51 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform

Manav Infra Projects' financial performance (in INR crore)

FY2013FY2014FY2015FY2016FY2017
Total revenue 12.1011.9716.2216.4418.30
Total expenses8.789.0214.3814.5315.91
Profit after tax 0.390.210.000.611.03

Manav Infra Projects Contact Details

Manav Infra Projects Limited
308, 3rd Floor, Blue Rose Industrial Premises Co-Op Society,
Western Express Highway,
Borivali East, Mumbai-400 066

Phone: +91 22 2854 0694
Email: [email protected]
Website: www.manavinfra.com

Manav Infra Projects IPO Subscription Details

Day

Subscription (no. of times)

Day 10.04
Day 20.19
Day 30.42
Day 40.90
Day 52.80

 

Manav Infra Projects Valuation (latest FY)

Earnings Per Share (EPS): INR5.16

Price/Earnings (P/E) ratio: 5.81

Return on Net Worth (RONW): 21.22%

Net Asset Value (NAV): INR21.21 per share

Registrar of Manav Infra Projects IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Manav Infra Projects IPO Allotment Status

Manav Infra Projects IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

LISTING PERFORMANCE OF Manav Infra Projects IPO

IPO Opening Date: 4 September 2017

IPO Closing Date: 8 September 2017

Listing Date: 18 September 2017

Listing Price on NSE SME: INR32 per share (up 6.7% from IPO price)

Closing Price on NSE SME: INR24 per share (down 20% from IPO price)

5 COMMENTS

      • bhai yahi sab portals ne recommend kiya tha.. smartinvestment, bluchip magazines sab ne recommend kiya tha isliye.. I am not concerned about loss its about propaganda going on these type of magazines and blogs..

  1. Can anyone provide more relevant information on “MIP” like debt on books, promoter’s track record, how long this company is in business and rating if any given by a reputed agency? It will not just help me but a lot of people who can’t make up their mind. I will be investing for long, minimum 3 to 5 years. Thanks

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