Maytas Infra IPO : Maytas Infra Limited IPO opens on 27th Sep

Maytas Infra Limited IPO : Hyderabad based Maytas Infra Limited a leading Infrastructure and Construction Company is all set to the enter the capital markets through an IPO on 27,September of this month. Maytas Infra Limited IPO will issue 8,850,000 equity shares of  Rs.10 each for a cash price of Rs 320 at the lower band of the issue and Rs 370 at the higher end of the issue. The issue will constitue 15.04% of the fully diluted post-issue equity share capital of the company.

Maytas Infra IPO will be open for subscription on 27-09-2007 and the IPO would close for subscription on 04-10-2007.

Of the total 8,850,000 equity shares of the IPO, QIB Portion would be at least 5,310,000 Equity Shares of which Mutual Fund Portion will be 265,500 Equity Shares and the Balance for all QIBs including Mutual Funds is 5,044,500 Equity Shares.

Non-Institutional Portion of the issue would be not less than 885,000 Equity Shares available for allocation and the Retail Portion of Maytas Infra IPO would be Not less than 2,655,000 Equity Shares available for allocation.

The intended objectives of the Maytas IPO are :
A. Investment in Associate companies:
(i) Bangalore Elevated Tollway Limited (“Bangalore Elevated Tollway”) for the construction of
the elevated highway project of the Bangalore-Hosur section of National Highway-7;
(ii) KVK Nilachal Power Private Limited (“KVK Nilachal Power”) for developing, constructing
and commissioning a 300 MW coal-based power plant in Orissa; and
(iii) SV Power Private Limited (“SV Power”) for setting up a 56 MW coal washery reject based
power plant and a 2.5 million metric tonne per annum coal washery at Korba District, Chhattisgarh;
B. Purchase of construction equipment;
C. Other project related investments and commitments;
D. General corporate purposes; and

The Book Running Lead Managers for the Maytas Infra Ltd. IPO are DSP Merrill Lynch Limited and JM Morgan Stanley Private Limited. The Co-Book Running Lead Manager for the issue is Kotak Mahindra Capital Company Limited. Registrar for the Maytas IPO is Karvy Computershire Private Limited. Post issue the Equity Shares of Maytas Infra Limited are proposed to be listed on both the NSE and the BSE stock exchanges.

Click here for Maytas Infra IPO Draft prospectus.

For more information on the subscription / Oversubscription of Maytas Infra IPO and Allotment,Listing and refund details of the Maytas IPO do check www.bsensedaily.com regularly.

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