MBL Infra IPO : Basis of Allotment

by khalid on 07/01/2010 · 1 comment

MBL_infrastructur

MBL Infra IPO, which was open from 27th November 09 to 1st December 09 was 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 Retail Category was subscribed 0.33 times.

The spill over portion to the extent of 13,31,008 equity shares has been added to the QIB and Non Institutional Investors Categories, after adding the spill over portion from Employee Category to the extent of 30688 equity shares. The total number of shares allotted in this category is 6,59,680 Equity Shares to 3138 successful applicants. All the Retail Investors has been allotted firm allotment in the ratio of 1:1 in all application ranges.

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.

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