Manav Infra Projects Ltd - IPO

Manav Infra Projects Ltd IPO Details

Public issue of 18,36,000 equity shares of face value of Rs. 10 each (Equity Shares) of Manav Infra Projects Limited (The Company or The Issuer) for cash at a price of Rs. 30 per equity share, including a share premium of Rs. 20 per equity share (The Issue price), aggregating to Rs. 5.51 crores (The Issue), of which 92,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 30 per equity share, aggregating Rs. 0.28 crores will be reserved for subscriptions by the market maker to the issue (The market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 17,44,000 equity shares of face value of Rs. 10 each cash at a price of Rs. 30 per equity share, aggregating Rs. 5.23 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.86% and 25.51% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 30/- i.e. 3.00 times of the face value of the equity shares.

Objective of issue

To part finance incremental working capital requirements of the company. General corporate purposes.

Manav Infra Projects Ltd Contact Details

Manav Infra Projects Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - mip@manavinfra.com

Website - www.manavinfra.com