Man Infraconstruction IPO to hit markets on February 18, 2010

The Initial Public Offering (IPO) of Man Infraconstruction Limited will open for subscription by investors on February 18, 2010.

Incorporated in 2002, Man Infraconstruction Ltd is a construction company located in Mumbai. The Company have undertaken projects in the six States of Maharashtra, Kerala, Gujarat, West Bengal, Goa and Tamil Nadu.

The company is coming out with IPO of equity shares of Rs 10 each for cash at a price band of Rs. 243 - Rs. 252 Per Equity Share through 100% book building process.

The Minimum Bid Size is 22 Equity Shares and in multiples of 22 equity shares. The Maximum Subscription Amount for Retail Investor is Rs. 1,00,000.

CRISIL has assigned an IPO Grade 3 to Man Infraconstruction Limited IPO. This means as per CRISIL, company has 'Average Fundamentals'.

The IPO closes for subscription on Feb 22, 2010.

Source : Equity Bulls

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