Manas Properties IPO
Manas Properties is primarily into the business of acquiring properties and leasing / letting it out to its clients thereby earning lease rentals / license fees as consideration, as well as earning price appreciation (as the case may be). Currently the company owns a property admeasuring approximately 3,078 square metres of built up area located at Plot No 16, Juhu Tara Road Santacruz (West), Mumbai -400049, which has been leased out to Junobo Hotels Private Limited, for operating “Soho House” , a private luxury club the lease rentals of which shall be received from financial year 2017-18.
Further, Manas Properties also acts as a real estate marketing and consultancy company; wherein it support sales/ lease targets of builders/ developers in return for commission on a fixed/ percentage basis. Currently the real estate marketing and consultancy business is being carried out for a Group Company; Dev Land and Housing Private Limited and it has begun the process of entering into such agreements with other developers in order to expand customer base and available inventory portfolio for clients for providing these services.
Promoters of Manas Properties – Vijay Thakkar and Dev Land & Housing Private Limited
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Manas Properties IPO details |
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| Subscription Dates | 17 – 22 Mar 2017 |
| IPO Price band | INR360 per share |
| Fresh issue | 150,000 shares (INR5.40 crore) |
| Offer for sale | 960,000 shares (INR34.56 crore) |
| Total IPO size | 1,110,000 shares (INR39.96 crore) |
| Minimum bid (lot size) | 300 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Manas Properties’ financial performance (in INR crore) |
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| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 8M FY2017 | |
| Total revenue | 1.38 | 11.02 | 8.28 | 7.11 | 7.73 | 1.98 |
| Total expenses | 2.23 | 11.26 | 11.11 | 8.72 | 2.28 | 0.41 |
| Profit after tax | -0.85 | -0.24 | -2.80 | -1.61 | 5.34 | 1.25 |
| Day | Subscription (no. of times) |
| Day 1 | 0.05 |
| Day 2 | 0.19 |
| Day 3 | 0.68 |
| Day 4 | 1.05 |
Manas Properties Limited
10th floor, Dev Plaza, Andheri Fire Station
S.V. Road, Andheri (W), Mumbai – 400 058
Phone: +91 22 4038 3838
Email: [email protected]
Website: www.manasproperties.co.in
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Manas Properties IPO allotment status will be available on Bigshare Services Private Limited website. Click on this link to get allotment status.
IPO Opening Date: 17 March 2017
IPO Closing Date: 22 March 2017
Finalisation of Basis of Allotment: 27 March 2017
Initiation of refunds: 28 March 2017
Transfer of shares to demat accounts: 29 March 2017
Listing Date: 30 March 2017
Listing Price on BSE SME: INR360.55 per share (flat from IPO price)
Closing Price on BSE SME: INR360.2 per share (flat from IPO price)
