Business description from prospectus – Manav Infra Projects is engaged into the business of civil construction services such as piling, excavation, road construction, land leveling. We also provide a complete range of earth moving machines and construction equipments on rent for all type of infrastructure and construction related work.
We secure contracts in generally through one to one negotiation. The pricing of our services is determined on the basis of type of construction and estimated duration within which it needs to be completed as well as the type of equipments required. The prices are determined by negotiating directly with the client. In general, our services are provided to the customers on credit and we maintain an ongoing account of receivables from customers. The customers generally settle the account on periodic basis.
We customer include medium to large size of construction and infrastructure companies like Kanakia Spaces Realty Private Limited, J Kumar Infra Projects Limited, ACC Limited, J P Infra Constructions, Simplex Infrastructure Limited, Man Infra Constructions Limited, Nirmal Lifestyle Limited amongst others.
Promoters of Manav Infra Projects – Mahendra Narayan Raju
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Manav Infra Projects IPO details |
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| Subscription Dates | 4 – 8 September 2017 |
| IPO Price band | INR30 per share |
| Fresh issue | 1,836,000 shares (INR5.51 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,836,000 shares (INR5.51 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
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Manav Infra Projects’ financial performance (in INR crore) |
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| 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 | |
Manav Infra Projects Limited
308, 3rd Floor, Blue Rose Industrial Premises Co-Op Society,
Western Express Highway,
Borivali East, Mumbai-400 066
Phone: +91 22 2854 0694
Email: [email protected]
Website: www.manavinfra.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.04 |
| Day 2 | 0.19 |
| Day 3 | 0.42 |
| Day 4 | 0.90 |
| Day 5 | 2.80 |
Earnings Per Share (EPS): INR5.16
Price/Earnings (P/E) ratio: 5.81
Return on Net Worth (RONW): 21.22%
Net Asset Value (NAV): INR21.21 per share
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.karvycomputershare.com
Manav Infra Projects IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 4 September 2017
IPO Closing Date: 8 September 2017
Listing Date: 18 September 2017
Listing Price on NSE SME: INR32 per share (up 6.7% from IPO price)
Closing Price on NSE SME: INR24 per share (down 20% from IPO price)
Can anyone provide more relevant information on “MIP” like debt on books, promoter’s track record, how long this company is in business and rating if any given by a reputed agency? It will not just help me but a lot of people who can’t make up their mind. I will be investing for long, minimum 3 to 5 years. Thanks
IPO opened at heavy 20% discount. What to do now?
Kya soch ke paisa lagaya tha? It has just 1 crore in profits. Exit from it now, another 8% down today.
bhai yahi sab portals ne recommend kiya tha.. smartinvestment, bluchip magazines sab ne recommend kiya tha isliye.. I am not concerned about loss its about propaganda going on these type of magazines and blogs..
Hilarious, Bluechip magazine covering junk!! Never trust anyone, develop your own method of analyzing stocks.
Don’t apply in any of the SME IPO that belongs to Mumbai.. Bech ke kha leta hei logo ko.. Same case with Ashok Masala Mart Ltd. stocks