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MBL Infra IPO is a book built issue of Rs 102.60 crores.
MBL Infra IPO bidding started from November 27, 2009 and ended on December 1, 2009. The shares got listed on BSE, NSE on January 11, 2010.
MBL Infra IPO price band is set at ₹165 to ₹180 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹6,300.
Motilal Oswal Investment Advisors Limited is the book running lead manager of the MBL Infra IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to MBL Infra IPO RHP for detailed information.
| IPO Date | November 27, 2009 to December 1, 2009 |
| Listing Date | January 11, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹180 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 5,700,000 shares (aggregating up to ₹102.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 11,813,727 |
| Share holding post issue | 17,513,727 |
MBL Infra IPO offers 4,860,000 shares. 1,960,000 (40.33%) to QIB, 840,000 (17.28%) to NII, 1,960,000 (40.33%) to RII, 100,000 (2.06%) to employees. 56,000 RIIs will receive minimum 35 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,960,000 (40.33%) | NA |
| NII (HNI) Shares Offered | 840,000 (17.28%) | |
| Retail Shares Offered | 1,960,000 (40.33%) | 56,000 |
| Employee Shares Offered | 100,000 (2.06%) | NA |
| Total Shares Offered | 4,860,000 (100%) |
Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,300 |
| Retail (Max) | 31 | 1085 | ₹195,300 |
| Lot Size Calculator | |||
MBL Infrastructures Ltd is promoted by 3 entrepreneurs:
1. Mr. Ram Gopal Maheshwari - is currently the Chairman of the Company. He is a commerce graduate from Calcutta University. He
has over two decades of experience in the infrastructure industry.
2.Mr. Anjanee Kumar Lakhotia - is the Promoter, Chief Executive Officer and a Whole Time Director of the Company. He is a commerce graduate from St. Xavier’s College, Kolkata and is a fellow member of the Institute of Chartered Accountants of India.
3.Mr. Maruti Maheshwari - is a Promoter and an Executive Director of the Company. He is a commerce graduate from Kuvempu University.
| Share Holding Pre Issue | 84.97% |
| Share Holding Post Issue |
Incorporated in 1995, MBL Infrastructures Ltd is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.
MBL has executed and undertaken a number of projects in the states of West Bengal, Madhya Pradesh, Uttarakhand, Orissa, Maharashtra, Rajasthan, Assam, Uttar Pradesh, Bihar, Delhi, Andhra Pradesh, Chattisgarh, Jharkhand, Haryana and Karnataka. MBL is also engaged in steel trading and waste management (ferrous scrap and slag recycling) at major steel plants.
MBL has completed the execution of BOT project of 114 kms. of Seoni- Balaghat- Rajegaon State Highway under the Public Private Partnership (PPP) arrangements. Company also completed the work of construction of additional length of service road and side drains from Km. 146.00 to Km. 156.00 including 2-lane flyover on Guwahati Bypass section of NH 37 in the state of Assam. MBL owns a fleet of equipments, including hot mix plants, sensor pavers, tandom rollers, soil compactors, stone crushers, tippers, loaders, excavators, motorgraders, concrete batching plants, transit mixers, concrete pumps, reversible drum mixers, dozers and cranes.
MBL have tied up with Dulevo International, Italy a company manufacturing and providing complete range of industrial sweepers and road sweepers for jointly bidding for comprehensive maintenance of metro city roads and also tied up with Sky Park, U.K., a company manufacturing and providing multilevel car parking systems for jointly bidding for multilevel car parking projects.
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
| 30-June-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 15091.10 | 51364.34 | 29397.12 | 17064.13 | 15815.82 | 14286.88 |
| Profit After Tax (PAT) | 860.23 | 2740.32 | 1692.30 | 1031.65 | 846.35 | 657.98 |
| KPI | Values |
|---|---|
| RoNW | 27.61% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Investment in Capital Equipments;
2. Investment in Joint Ventures and BOT Projects;
3. Margin Money for Working Capital Requirements;
4. General Corporate Purposes;
5. Issue Expenses.
The MBL Infra IPO is subscribed 1.97 times on December 1, 2009 5:00:00 PM. The public issue subscribed 0.40 times in the retail category, 3.35 times in the QIB category, and 2.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.35 |
| NII | 2.65 |
| Retail | 0.40 |
| Employee | 0.14 |
| Total | 1.97 |
ICRA has assigned an IPO Grade 2 to MBL Infrastructures Ltd IPO. This means as per ICRA, company has below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download ICRA rating document.
Company published a letter to its investors giving the option to withdraw from the public issue with in 10 days. The last date of receipt of request for withdrawal shall be 10th day from the date hereof, i.e., on or before 5.30 PM on December 22, 2009.
This may cause some delay in share allotment and refund for MBL Infrastructures IPO. Investors who do not want to block their money may withdraw their IPO application in 10 days.
Read attached document Investorletter.pdf
| Listing Date | January 11, 2010 |
| BSE Script Code | 533152 |
| NSE Symbol | MBLINFRA |
| ISIN | INE912H01013 |
| Final Issue Price | ₹180 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹180.00 |
| ₹190.00 |
| ₹190.00 |
| ₹218.00 |
| ₹205.75 |
| NSE |
|---|
| ₹180.00 |
| ₹185.00 |
| ₹185.00 |
| ₹219.40 |
| ₹206.55 |
MBL Infrastructures Ltd
23 A, Netaji Subhas Road,
3rd Floor, Suite 14,
Kolkata – 700 001
Phone: + 91 33 2230 1671 / 2353
Email: cs@mblinfra.com
Website: http://www.mblinfra.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mbl.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
MBL Infra IPO is a main-board IPO of 5,700,000 equity shares of the face value of ₹10 aggregating up to ₹102.60 Crores. The issue is priced at ₹165 to ₹180 per share. The minimum order quantity is 35 Shares.
The IPO opens on November 27, 2009, and closes on December 1, 2009.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MBL Infra IPO opens on November 27, 2009 and closes on December 1, 2009.
MBL Infra IPO lot size is 35 Shares, and the minimum amount required is ₹6,300.
You can apply in MBL Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MBL Infra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MBL Infra IPO allotment status.
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