Man Infra ropes in anchor investors for Rs 24.5 cr

1231 Investors following Man Infra. Share this News with them.

0

Like this story, share it with millions of investors on M3

Man Infra ropes in anchor investors for Rs 24.5 cr

Man Infraconstruction has opened its 56,25,150 equity shares initial public offering (IPO) for subscription.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Subscribe to Man Infraconstruction IPO: Reliance Securities Subscribe to Man Infraconstruction IPO: Nirmal Bang Nifty BSE | NSE 01/06/12 Are Mutual Funds betting on Nifty?

Man Infraconstruction has opened its 56,25,150 equity shares initial public offering (IPO) for subscription. It plans to raise upto Rs 141.75 crore from this issue at a higher price band.

The company has already received commitment of Rs 24.5 crore from the anchor investors (AIs), who subscribed for 9,72,000 equity shares at Rs 252 per equity share, at higher end of price band of Rs 243-252.

AIso included Nomura Asset Management Singapore, Reliance Capital Trustee, Legg Mason Asian Enterprise Trust, Monsoon India Inflection Fund, Axis Mutual Fund Trustee and India Diversified (Mauritius).

It provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. The issue will close on February 22.

As on December 31, 2009, the company's order book, on a consolidated basis, stood at Rs 20,209.25 million spread across the construction sectors.

The issue proceeds of the issue will be used for purchase of capital equipment.

The equity shares of the company would be listed on NSE and BSE. The book running lead managers to the issue are Edelweiss Capital Limited and IDFC-SSKI Limited.