CMM Infraprojects Limited is an Indore-based infrastructure project developer that specializes in Engineering, Procurement, and Construction (EPC) services. The company has extensive experience in providing end-to-end design and construction solutions for various projects and primarily focuses on building and road construction on a contractual basis. Originally founded in 1979, CMM Infraprojects Limited listed its equity shares on the Institutional Trading Platform (ITP) of the NSE in April 2015. However, the company voluntarily delisted from the stock exchange in July 2016.
CMM Infraprojects Limited has successfully executed multiple projects for government bodies, public sector undertakings, corporates, and various other organizations across different sectors and verticals. The company has completed projects in several Indian states, including Madhya Pradesh, Odisha, Chhattisgarh, Maharashtra, Rajasthan, Bihar, Goa, Haryana, and Uttar Pradesh. With its experience and expertise, CMM Infraprojects Limited is well-positioned to continue providing quality EPC services and contributing to the development of India’s infrastructure sector.
CMM Infraprojects IPO Details
| IPO Date | Sep 29, 2017 to Oct 4, 2017 |
| Listing Date | Oct 12, 2017 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,545,000 shares (aggregating up to ₹18.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
CMM Infraprojects IPO Listing Details
| Listing Date | Oct 12, 2017 |
| BSE Script Code | |
| NSE Symbol | CMMIPL |
| ISIN | INE289S01013 |
| Final Issue Price | ₹40 per share |
Industry Overview
The infrastructure industry in India is a significant contributor to the country’s economic growth, creating job opportunities and driving development across various sectors. The industry covers a wide range of segments, including transportation, energy, water supply, and urban development, among others. The Indian government has launched several initiatives and policies to attract investment and promote infrastructure development, which is expected to lead to substantial growth in the sector in the coming years.
The Indian infrastructure industry is projected to grow at a compound annual growth rate (CAGR) of around 6-7% over the next few years, driven by the government’s focus on infrastructure development, rising urbanization, and increasing private sector participation. In particular, the road construction segment is expected to witness significant growth, with the government planning to construct and upgrade several highways and expressways across the country.
Company Financials
| CMM Infraprojects’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 85.8 | 98.2 | 145.3 | 178.8 | 202.2 | |
| Total expenses | 84.3 | 96.6 | 142.3 | 175.2 | 196.9 | |
| Profit after tax | 1.1 | 1.1 | 1.9 | 2.3 | 6.2 | |
Objects of the Issue
Company intend to utilize the proceeds from public issue towards the following objects:
1. Funding the working capital requirements of the Company
2. General Corporate Purpose
CMM Infraprojects IPO Prospectus
Company Contact Information
CMM Infraprojects Limited
108, Shalimar Corporate Cente,
8-B South Tukoganj,
Indore-452001
Phone: +91 731- 2516386
Email: cmm.kmundra@gmail.com
Website: http://www.cmminfra.com/
CMM Infraprojects IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cmminfra.ipo@linkintime.co.in
Website: https://linkintime.co.in/
CMM Infraprojects IPO Lead Manager(s)
- Systematix Corporate Services Limited (Past IPO Performance)
