MBL Infra IPO : Fully subscribed

by khalid on 01/12/2009 · 0 comments


MBL Infra IPO, which was open from 27th November 09 till today the 1st December 09 is fully subscribed but with a mild response from public as it subscribed only 1.3 times of the total allotted limit of Rs 100 crore.

The company is engaged in the business of construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. It is also engaged in steel trading and waste management (ferrous scrap and slag recycling) at major steel plants.

The equity shares are proposed to be listed on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

Motilal Oswal Investment Advisors Private Limited is the book running lead manager and Intime Spectrum Registry Limited is the registrar to the issue.

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