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27 September 2017

IPO Synopsis

Manav Infra Projects Ltd
Registered Office: 308 3rd Flr Blue Rose Industr.,Premises Borivali East , Mumbai - 400066 , Maharashtra , India.
Phone : 91-22-28540694   Fax:
Email :  mip@manavinfra.com  
Website :  www.manavinfra.com
Public issue of 18,36,000 equity shares of face value of (Rs)10 each ("Equity Shares") of Manav Infra Projects Limited (The "Company" or The "Issuer") for cash at a price of (Rs)30 per equity share, including a share premium of (Rs)20 per equity share (The "Issue price"), aggregating to (Rs)5.51 crores ("The Issue"), of which 92,000 equity shares of face value of (Rs)10 each for cash at a price of (Rs)30 per equity share, aggregating (Rs)0.28 crores will be reserved for subscriptions by the market maker to the issue (The "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 17,44,000 equity shares of face value of (Rs)10 each cash at a price of (Rs)30 per equity share, aggregating (Rs)5.23 crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.86% and 25.51% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each and the issue price of (Rs)30/- i.e. 3.00 times of the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
04-Sep-17 08-Sep-17 (Rs)30.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 5.05
Navigant Corporate Advisors Ltd
Project Financed through Current Offer 5.51  
Post Issue Equity Share Capital 6.84  
Issue Price (Rs)30.00  
 
Projects
To part finance incremental working capital requirements of the companyGeneral corporate purposes
Promoted By
Mahendra Narayan Raju  
Listing At
NSE - SME 
Registrar to the Issue
Karvy Computershare Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS