Manav Infra Projects Ltd IPO is about to debut on 04 September 2017, with an issue size of 5.51CR. Established in 2009, Manav Infra Projects Ltd is involved in the provision of civil construction services, such as piling, excavation, road construction, and land leveling. They also offer a comprehensive range of earth-moving machines and construction equipment on rental basis for all types of infrastructure and construction-related work.
The company caters to medium to large-sized construction and infrastructure firms, including Kanakia Spaces Realty Pvt Ltd, J Kumar Infra Projects Ltd, ACC Ltd, J P Infra Constructions, Simplex Infrastructure Ltd, Man Infra Constructions Ltd, and Nirmal Lifestyle Limited. They utilize advanced machines manufactured by internationally renowned brands such as Caterpillar (CAT), Volvo, Kobelco, Tata Hitachi, JCB, Furukawa, Ashok Leyland, Komatsu, among others.
Manav Infra Projects Ltd also provides additional services, including residential and commercial contracts, cleaning and grubbing, erosion and soil control measures, basement digging, backfilling, handling and transportation of limestone and coal, as well as civil work for internal stormwater surface drainage.
Industry Overview
India is ranked fourth in the world in terms of an economy based on purchasing power parity. The country is forecasted to achieve a real GDP growth rate of 7.6% for the fiscal year 2016, slightly higher than the previous year. Growth is expected to recover sharply in 2017-18 due to factors such as the rebound of discretionary consumer demand, restoration of economic activity in cash-intensive sectors, improvement in bank funding conditions, and emphasis on capital expenditure, rural economy, and affordable housing in the Union Budget for 2017-18. GVA growth for 2017-18 is projected at 7.4%, with risks evenly balanced.
Manav infra projects IPO Details
| IPO Date | Sep 4, 2017 to Sep 8, 2017 |
| Listing Date | Sep 18, 2017 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,836,000 shares(aggregating up to ₹5.51 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| 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 |
Objects of the Issue
The object of the issue are:
1. To part finance incremental working capital requirements of the Company;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
Manav infra projects IPO Prospectus
Company Contact Information
Manav infra projects Ltd
308, 3rd Floor,
Blue Rose Ind Premises Co-Op Society,
Borivali East, Mumbai-400 066
Phone: +91-22-2854 0694
Email: mip@manavinfra.com
Website: http://www.manavinfra.com
Manav infra projects IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: manavinfraprojects.ipo@karvy.com
Website: https://karisma.kfintech.com/
Manav infra projects IPO Lead Manager(s)
- Navigant Corporate Advisors Ltd (Past IPO Performance)
