MBL Infrastructure | MBL Infra IPO

MBL Infra IPO Investors – MBL Infrastructure

mblinfra — Fri, 27 Nov 2009 21:21:39 +0000

Reliance Infrastructure Fund and GMO are the two anchor investors of the Rs 100-crore MBL Infrastructures Limited IPO, which opens on Friday, 27th November 2009. The two funds purchased shares worth Rs 15 crore. The shares were purchased at the upper end of the price band, that is Rs. 180/-. The two anchor investors have invested Rs 7.5 crore each.

MBL Infra IPO Grading

mblinfra — Thu, 05 Nov 2009 16:15:25 +0000

The grading takes into account the company’s good track record in the road maintenance business segment, which would benefit from the current boom in the road construction industry. The IPO Grade assigned by ICRA takes into account MBL’s experienced management team, its demonstrated track-record of having successfully executed small to medium size projects in the roads segment, and its healthy order book position, which along with the buoyant outlook for the construction industry, is expected to provide for growth in the company’s revenues and profits. The company was incorporated as a public limited company in 1995 as Maheshwari Brothers. An ICRA statement stated that going forward, ICRA expects the MBL’s funding requirements to increase in line with its need to augment its equipment and working capital, which is required to support its increased scale of operations; and the funds from the proposed IPO would enable MBL to maintain a prudential capital structure while funding its growth. In addition to funding, the company’s ability to retain and attract experienced personnel will also be crucial for its future growth. The order book of the company has witnessed healthy growth over the past two years buoyed by the overall growth in the infrastructure sector. The company’s current order book stands at Rs. 7.62 billion which is around 2.14 times the turnover of the company from its construction business in FY 2009. Given the opportunities in the road segment and the buoyancy in the construction industry, ICRA expects MBL’s order book to remain healthy in the medium term, which is expected to provide for growth in the company’s revenues and profits.

ICRA IPO Rating

mblinfra — Thu, 05 Nov 2009 16:10:36 +0000

ICRA assigns IPO Grade 2 to the proposed IPO of MBL Infrastructures Limited. The Kolkata-based MBL Infra’s proposed public issue of 57 lakh shares of face value Rs. 10 each through Book Building Route. The lead manager to the issue is Motilal Oswal, which has filed the offer document with respect to the issue with SEBI, sources said.

The company’s performance, strength and weaknesses were compared with leading companies in the sector. On the other hand, a ICRA statement said ICRA has assigned an IPO Grade 2 to the proposed IPO of MBL Infrastructures Limited (MBL), indicating below average fundamentals. ICRA assigns IPO gradings on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

MBL Infra

mblinfra — Tue, 20 Oct 2009 09:50:39 +0000

MBL Infrastructure is launching their Initial Public Offer (IPO)

The Company is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a public issue of its equity shares and the Company has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India (”SEBI”). The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and the website of the BRLM i.e. Motilal Oswal Investment Advisors Private Limited at www.motilaloswal.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the aforementioned offer document.