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 Dates 4 - 8 September 2017
IPO Price band INR30 per share
Fresh issue 1,836,000 shares (INR5.51 crore)
Offer for sale Nil
Total IPO size 1,836,000 shares (INR5.51 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Manav Infra Projects' financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue  12.10 11.97 16.22 16.44 18.30
Total expenses 8.78 9.02 14.38 14.53 15.91
Profit after tax  0.39 0.21 0.00 0.61 1.03

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

Day

Subscription (no. of times)

Day 1 0.04
Day 2 0.19
Day 3 0.42
Day 4 0.90
Day 5 2.80

 

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

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 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.

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)

Manav Infra Projects IPO
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6 thoughts on “Manav Infra Projects IPO

  • September 24, 2017 at 9:11 PM
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    Don’t apply in any of the SME IPO that belongs to Mumbai.. Bech ke kha leta hei logo ko.. Same case with Ashok Masala Mart Ltd. stocks

    Reply
  • September 18, 2017 at 6:04 PM
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    IPO opened at heavy 20% discount. What to do now?

    Reply
    • September 19, 2017 at 11:08 AM
      Permalink

      Kya soch ke paisa lagaya tha? It has just 1 crore in profits. Exit from it now, another 8% down today.

      Reply
      • September 19, 2017 at 2:59 PM
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        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..

        Reply
        • September 19, 2017 at 4:58 PM
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          Hilarious, Bluechip magazine covering junk!! Never trust anyone, develop your own method of analyzing stocks.

          Reply
  • September 6, 2017 at 2:55 PM
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    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

    Reply

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