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Thursday, February 18, 2010

IPO Information - Man Infraconstruction

Incorporated in 2002, Man Infraconstruction Ltd is a construction company located in Mumbai. Company have undertaken projects in the six States of Maharashtra, Kerala, Gujarat, West Bengal, Goa and Tamil Nadu.

This is the rest of Issue Open: Feb 18, 2010
Issue close: Feb 22, 2010
Price Band: Rs. 243 - Rs. 252 Per Equity Share
Minimum Bid Size: 22 Equity Shares
Face Value: Rs. 10 Per Equity Share
Maximum Subscription Amount for Retail Investor: Rs. 1,00,000

IPO Grading / Rating by CRISIL:
CRISIL has assigned an IPO Grade 3 to Man Infraconstruction Limited IPO. This means as per CRISIL, company has 'Average Fundamentals'.

IPO Analysis & Research Report
Hem Securities has come out with a IPO research report on Man Infraconstruction. The research firm has recommended subscribing to the issue.

The company is bringing the issue at price band of Rs 243-252 per share which will turn into P/E multiple of 13.57-14.07 at post issue annualized consolidated EPS of Rs 17.91. Being in infrastructure space the company’s debt to equity stood at mere 0.04 in 9 months ending 31.12.2009. Also strong net profit margin of the company gives it an edge over its peers. With strong order book and reasonable valuation, the issue looks an attractive destination to deploy the funds in. Hence we recommend the investor to subscribe the issue.

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