Manav Infra Rights Issue dates 12 – 24 March 2025.
Manav Infra Projects is a company incorporated in 1995, specializing in civil construction services. Its primary business activities include excavation, piling, road construction, and pre-stressed rock anchoring. The company boasts a comprehensive range of earth-moving equipment, enabling it to efficiently execute various infrastructure projects.
Some of its notable projects include the Metro Rail Project Line No. 2 & 7, Rain Forest, Marol, NHAI – JNPT, Navi Mumbai, and Rivali Park Borivali East, Mumbai. Additionally, Manav Infra Projects undertakes the construction of roads, subgrade tops, culverts, cross drains, granular subways, and bituminous works. The company focuses on delivering quality projects on schedule, emphasizing timely completion as a key business strategy.
Promoters of Manav Infra Projects – Mr. Mahendra Narayan Raju
Table of Contents
Manav Infra Rights Issue Details
| Manav Infra Rights Issue Date | 12 – 24 March 2025 |
| Manav Infra Rights Issue Price | INR 11 per share |
| Issue Size (in Shares) | 68,36,000 shares |
| Issue Size (in INR) | INR 7.52 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Manav Infra Rights Issue Record Date | 28 February 2025 |
| Face Value | INR 10 per share |
| Listing On | NSE |
Manav Infra Rights Issue Calculation
| Manav Infra Rights Issue Price | INR 11 per share |
| Market Price on Rights Issue Approval | INR 16.1 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 13.55 per share |
Manav Infra Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 5.39 | 11.95 | 14.31 |
| Expenses | 7.23 | 9.13 | 11.01 |
| Operating Margin (%) | (34.14) | 23.60 | 23.06 |
| Net Income | (4.13) | 0.60 | 1.16 |
| ROCE (%) | (29.26) | 28.73 | 40.23 |
Manav Infra Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet the working capital requirements of the company
- General corporate purposes
Manav Infra Rights Offer Documents
- Manav Infra Rights Issue Application Form
- Manav Infra Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Manav Infra Rights Issue Dates
| Rights Issue Approval Date | 22 February 2025 |
| Rights Issue Record Date | 28 February 2025 |
| Credit of Rights Entitlement | 4 March 2025 |
| Rights Issue Opening Date | 12 March 2025 |
| Last Date for Market Renunciation | 18 March 2025 |
| Rights Issue Closing Date | 24 March 2025 |
| Finalization of Basis of Allotment | 27 March 2025 |
| Rights Allotment Date | 27 March 2025 |
| Credit Date | 1 April 2025 |
| Listing Date | 4 April 2025 |
Manav Infra Rights Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/ 1800 309 4001
E-mail: [email protected]
Website: www.kfintech.com
Manav Infra Contact Details
MANAV INFRA PROJECTS LIMITED
102, Gundecha Industrial Complex, Co. Op. Soc Ltd,
Akurli Road, Near Growels Mall, Kandivali East, Mumbai 400101
Phone: +912249648926
Email: [email protected]
Website: www.manavinfra.com
Manav Infra Rights Offer FAQs
What is the Manav Infra Rights Issue Price?
The issue price is INR 11 per share.
What is the Manav Infra Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the Manav Infra Rights Issue Record Date?
The Record date is 28 February 2025.
How to Apply in Manav Infra Rights Offer?
The best way to apply in Manav Infra Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.