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Open
17 Mar 2017
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Close
22 Mar 2017
3
Allotment
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Listing
Thu, Mar 30, 2017
Price Band
₹360 per share
Issue Size
11,10,000 shares (agg. up to ₹40 Cr)
Lot Size
300 Shares
Listing Date
Thu, Mar 30, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.00x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| India Green Reality Ltd. | SME | ₹10.38 Cr | ₹30 | null | ₹30.15 | +0.50% | (+0.00%) |
| Art Nirman Ltd. | SME | ₹5.01 Cr | ₹25 | null | ₹30.00 | +20.00% | ₹40.00 (+2.25%) |
| Dhanuka Realty Ltd. | SME | ₹4.22 Cr | ₹40 | null | ₹41.25 | +3.12% | ₹10.85 (+4.83%) |
| Pansari Developers Ltd. | SME | ₹10.19 Cr | ₹22 | null | ₹22.90 | +4.09% | ₹360.65 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loansto make the company debt free | 2.13 |
| 2 | Acquisition of property for expansion of own/lease portfolio | 2.00 |
| 3 | Expenditure for General Corporate Purposes | 1.21 |
About Manas Properties IPO
Incorporated in 2004, Manas Properties Ltd is an India-based real estate company. The company is primarily into the business of acquiring properties and leasing / letting it out to their corporate/industrial clients thereby earning lease rentals / license fees as consideration, as well as earning price appreciation (as the case may be). The Company is engaged in the business of developing and renting of immovable properties, and providing real estate marketing and consultancy services wherein they support sales/ lease targets of builders/ developers in return for commission on a fixed/ percentage basis.Currently company owns a property ad measuring approximately 3,078 square meters of built up area located at Mumbai, which has been leased out to Junobo Hotels Private Limited, for operating “Soho House”, a private luxury club. The Company provides real estate marketing services to Dev Land and Housing Private Limited and other real estate developers in Mumbai.+ Read More
Contact Details
Manas Properties Ltd. Address10th floor, Dev PlazaOpp.Andheri Fire StationS.V.Road, Andheri (West)Mumbai, Maharashtra, 400058+91–22– 4038 3838info@manasproperties.co.inVisit Website