27 Sep 07 Maytas Infra Limited IPO : Maytas Infra IPO opens for subscription on 27th
Maytas Infra Limited (MIL), a construction and infrastructure development company, is coming out with an IPO through the 100% book building process. The Maytas Infra Limited IPO opens for subscription on Thursday, september 27, 2007 and closes for subscription on the following Thursday October 04, 2007. Maytas Infra Limited intends to use the funds raised through the IPO for funding and/or purchasing construction equipment, investing in other companies, building an elevated road in Bangalore, commissioning a coal based power generation plant in Orissa and building a coal washery in Chhattisgarh. The increase in balance sheet size post IPO will also help Maytas Infra Limited to pre-qualify for bidding in larger construction and infrastructure development projects. The IPO lot size of Maytas Infra Limited IPO is 18 shares. The price band for the Maytas Infra Limited IPO has been fixed between Rs. 320 and Rs. 370 per share. After the success of Koutons retail IPO and the IPO’s of construction and infrastructure companies like Supreme Infrastructure India Limited IPO (SIIL IPO) and Consolidated Construction IPO (CCCL IPO), the Maytas Infra Limited IPO is bound to do very well. Post IPO, the shares of Maytas Infra Limited IPO will be listed on NSE and BSE. The lead managers for the Maytas Infra Limited IPO are DSP Merrill Lynch Ltd, JM Financial Consultants Pvt Ltd and Kotak Mahindra Capital Co Ltd. The registrar for the Maytas Infra Limited IPO is Karvy Computershare . For updates on the subscription / oversubscription ratio of Maytas Infra Ltd IPO and to know the IPO allotment status, refund details and listing date of Maytas Infra Ltd. IPO, do check this blog regularly.
Maytas Infra Limited Prospectus
For more information, read the Draft Red Herring Prospectus of the Maytas Infra Limited IPO issue.
Related Posts
Reader's Comments
Leave a Comment
The fiscal 2006 earnings (Rs. 5.24) are less than half the fiscal 2005 earnings (Rs. 11.59). But the fiscal 2007 earnings are about on par with fiscal 2005 (Rs. 11.00). The weighted P/E for the 3 years is 34.86 at the low end (Rs. 320) and 40.31 at the high end (Rs. 370.00). The earnings and the P/E ratios seem to have a wide range. So, how to evaluate the IPO?
Where I can check the allotement of IPO of Maytas Infra Limited.