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MEP Infrastructure Developers Limited

MEP Infrastructure Developers Limited Initial Public Offer Opens on April 21st 2015

Price Band fixed at Rs. 63 to Rs. 65 per Equity Share

Apr 20, 2015   16:58 IST 
Mumbai, Maharashtra, India
  • Promoters of the Company: Mr. Dattatray P. Mhaiskar, Mr. Jayant D. Mhaiskar and Ideal Toll & Infrastructure Pvt. Ltd.

  • Issue Opens on#: Tuesday, April 21st, 2015

  • Issue Closes on: Thursday, April 23rd, 2015

  • Price Band: Rs. 63 to Rs. 65 per Equity Share

 

 

 

 

 

# The Company, in consultation with the BRLMs, consider participation by Anchor Investors in accordance with the SEBI Regulations on April 20, 2015

MEP Infrastructure Developers Limited, an established and leading player in tolling operations in the road infrastructure sector having a pan-India presence with focus on pure toll collection projects as well as OMT projects, is planning to enter the capital market with initial public offer of its equity shares of face value of Rs 10 each for cash aggregating up to Rs. 3,240 million.

 

The Issue opens on Tuesday, April 21, 2015 and closes on Thursday, April 23, 2015.

 

The Issue is being made through the Book Building Process wherein at least 75% of the Issue shall be Allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. If at least 75% of the Issue cannot be Allotted to QIBs, then the entire application money shall be refunded forthwith.

 

Further, not more than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”), subject to valid Bids being received at or above the Issue Price.

 

The equity shares are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

 

IDFC Securities Limited, Inga Capital Private Limited and IDBI Capital Market Services Limited are the Book Running Lead Managers to the Issue, and Link Intime India Private Limited is the Registrar to the issue.

Disclaimer:

MEP Infrastructure Developers Limited is proposing, subject to market conditions and other considerations, an initial public offer of its equity shares and has filed a Red Herring Prospectus with the Registrar of Companies, Maharashtra at Mumbai. The RHP is available on the website of SEBI and the BRLMs at www.sebi.gov.in, www.idfccapital.com, www.ingacapital.com and www.idbicapital.com. Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to the section titled “Risk Factors” on page 17 of the RHP for details of the same.”

The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act, 1933 (“U.S. Securities Act”) or any state securities laws in the United States, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.


Media Contact Details
Naresh Sharma
Concept PR
+91 9953291000
 
 
L to R: Mr. Venkat Raghavan.S, Director, IDFC Securities Limited, Mr. Karthikeyan, Director, INGA Capital Private Limited, Mr. Jayant D. Mhaiskar, Vice Chairman & Managing Director, MEP Infrastructure Developers Limited, Mr. Murzash Manekshana, Executive Director, MEP  Infrastructure Developers Limited, Mr. M. Sankaranarayanan, CFO, MEP   Infrastructure Developers Limited, and Mr. P.K Sethi, Senior Executive Vice President, IDBI Capital Market Services Limited
L to R: Mr. Venkat Raghavan.S, Director, IDFC Securities Limited, Mr. Karthikeyan, Director, INGA Capital Private Limited, Mr. Jayant D. Mhaiskar, Vice Chairman & Managing Director, MEP Infrastructure Developers Limited, Mr. Murzash Manekshana, Executive Director, MEP Infrastructure Developers Limited, Mr. M. Sankaranarayanan, CFO, MEP Infrastructure Developers Limited, and Mr. P.K Sethi, Senior Executive Vice President, IDBI Capital Market Services Limited
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