Monday, November 30, 2009

MBL Infrastructures IPO | Allotment Status | Subscription Status | Grey Market Premium

MBL 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 a fast growing business that provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects.

MBL has a pan India presence and 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 focused on the following sectors:
1. Highway Construction
2. Road Maintenance
3. Industrial Infrastructure Projects
4. Other Civil Engineering Projects

MBL has ready mix concrete ("RMC") to ensure adequate and timely supply of high quality of RMC and also sells RMC to third parties.

MBL is also engaged in steel trading and waste management (ferrous scrap and slag recycling) at major steel plants.

MBL has quarrying / mining division to ensure adequate and timely supply of our bulk raw material of stone aggregates and also sells surplus stone aggregates to third parties.

MBL has successfully completed the execution of BOT project of 114 kms. of Seoni- Balaghat- Rajegaon State Highway under the Public Private Partnership (PPP) arrangements. MBL was among the first batch of contractors to be awarded the contracts of prestigious North South East MBLst Corridor by NHAI and was the first to complete the project. MBL was the first to be awarded the comprehensive maintenance of Ring Road and outer Ring Road, the most important corridors of Delhi. MBL also have early mover advantage for maintenance and operation of National Highways.

MBL has successfully 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 is being managed by a qualified team having prior experience in Construction activity. 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 Infrastructures Promoters:
1. Mr. Ram Gopal Maheshwari - Chairman of the Company
2. Mr. Anjanee Kumar Lakhotia - Promoter, Chief Executive Officer and a Whole Time Director of the Company
3.Mr. Maruti Maheshwari - Promoter and an Executive Director of the Company

MBL Infrastructures IPO Detail:
- Issue Open: Nov 27, 2009
- Issue Close: Dec 01, 2009
- Issue Size: 5,700,000 Equity Shares of Rs. 10
- Issue Size: Rs. 94.05 - 102.60 Crore
- Face Value: Rs. 10 Per Equity Share
- Issue Price: Rs. 165 - Rs. 180 Per Equity Share
- Market Lot (Minimum) : 35 Shares
- Market Lot (Maximum) : 525 Shares
- Listing At: BSE, NSE

MBL Infrastructures IPO Rating:
ICRA has assigned an IPO Grade 2 to MBL Infrastructures Ltd IPO. It shows below average fundamentals.

MBL Infrastructures IPO Subscription Status:
Qualified Institutional Buyers (QIBs): 3.3493 times
Non Institutional Investors: 2.6459 times
Retail Individual Investors (RIIs): 0.3963 times
Employee Reservations: 0.1376 times
Total: 1.9700 times

MBL Infrastructures IPO Allotment Status: Click Here
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MBL Infrastructures Grey Market Premium: (As on 3-Dec-09)
Grey Market Premium: 2-3 Rs.
Kostak Rates - ---

Infrastructure Sector is been the feature of the market and one can expect good listing in this stock as well. With good projects (around 800 crores) in hand one can except good momentum in this stock as well. Lets hope for better run for this stock in IPO market as well.