Tuesday, November 24, 2009

MBL Infrastructures IPO - Analysis, Recommendation and Review

MBL Infrastrcutures, a construction company, has come out with an IPO of 57 Lakh shares of Rs. 10 each. The issue will open for subscription on 27th November and close on 1st December, 2009. The offer price range is from Rs. 165 to Rs. 180.

The IPO is expected to be listed on BSE and NSE. Motilal Oswal Investment Advisors Private Limited is the book running lead manager and Intime Spectrum Registry Limited is the registrar of the issue.

MBL Infrastructures is engaged in the business of construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. It is also engaged in steel trading and waste management at major steel plants.

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