Sunday, November 22, 2009

MBL Infrastructures Ltd IPO opening on Nov 27 to Dec 01

The initial public offering (IPO) of MBL Infrastructures Ltd will hit the market between November 27, 2009 to December 01, 2009. MBL Infrastructures Ltd is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.

MBL has executed and undertaken a number of projects in the states of West Bengal, Madhya Pradesh, Uttarakhand, Orissa, Maharashtra, Rajasthan, Assam, Uttar Pradesh, Bihar, Delhi, Andhra Pradesh, Chattisgarh, Jharkhand, Haryana and Karnataka. MBL is also engaged in steel trading and waste management (ferrous scrap and slag recycling) at major steel plants.

MBL is entering in the capital markets with an initial public offering, IPO of 5,700,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 165/- at lower level and Rs 180/- at upper level for equity share of Rs 10/-.  ICRA has assigned an IPO Grade 2 to MBL Infrastructures Ltd IPO. This means as per ICRA, company has below average fundamentals.

Detailed information is now available on MBL Infrastructures Ltd IPO information page.

Important Links:

MBL Infrastructures Ltd IPO
MBL Infrastructures IPO Allotment Status
MBL IPO Listing Date