MSK Projects (India) IPO
MSK Projects (India) IPO — date, price band, lot size & details 2004
MSK Projects (India) listed on 4 Nov 2004 at ₹44, 10% above the ₹40 issue price.
MSK Projects (India) is a road and infrastructure construction company that also builds road projects on a build, operate and transfer basis through joint ventures. Its total income was Rs 68.94 crore in FY2004.
Stock price
MSK Projects (India) is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 27 Sep 2004
- Close 08 Oct 2004
- Allotment TBA
- Refund/credit TBA
- Listing 04 Nov 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 Sep to 8 Oct, 2004 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 125 Shares |
| Issue Size | ₹24.04 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Purva Sharegistry (India) Private Limited |
| Min Investment | ₹ 5,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 125 shares at the ₹40 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹5,000 |
| Retail (max) | 40 | 5,000 | ₹2,00,000 |
| S-HNI (min) | 41 | 5,125 | ₹2,05,000 |
| S-HNI (max) | 200 | 25,000 | ₹10,00,000 |
| B-HNI (min) | 201 | 25,125 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 18.03 crore in FY2000 to Rs 68.94 crore in FY2004.
- 02Net worth rose from Rs 9.34 crore in FY2000 to Rs 21.49 crore in FY2004.
- 03It was building 3 road projects through a joint venture.
- 04Return on net worth was 14.14%.
Risks · 5
- 01Profit after tax halved from Rs 6.09 crore in FY2003 to Rs 3.03 crore in FY2004 even as income grew.
- 02Total borrowing rose from Rs 11.77 crore in FY2003 to Rs 19.93 crore in FY2004, close to its net worth.
- 03Road contracts depend on government awards and payments; total income was Rs 57.61 crore in FY2003.
- 04BOT road projects tie up capital for many years; it is a small company with Rs 21.49 crore of net worth.
- 05Promoter group holding fell from 100% before the issue to 50.44% after it.
Three years of numbers
All figures in ₹ crore, as reported in the MSK Projects (India) offer document.
| Metric | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 | 31 Mar 2000 |
|---|---|---|---|---|---|
| Total Income | 68.94 | 57.61 | 30.23 | 30.87 | 18.03 |
| Profit After Tax | 3.03 | 6.09 | 4.32 | 3.74 | 0.73 |
| NET Worth | 21.49 | 18.45 | 13.20 | 11.60 | 9.34 |
| Reserves and Surplus | 15.38 | 12.35 | 7.09 | 5.49 | 4.47 |
| Total Borrowing | 19.93 | 11.77 | 9.31 | 10.72 | 10.39 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the MSK Projects (India) RHP.
Where the money goes
₹2,400.00 Cr of the issue is earmarked to named objects.
About the company
It does civil and infrastructure construction, mainly roads.
Part of its road business was done through a joint venture special purpose vehicle formed for three road projects: Nasirabad-Kekri Road, Bharatpur bypass and Sikar bypass.
The IPO was Rs 24.04 crore and was entirely a fresh issue at Rs 40 per share, with a face value of Rs 10.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
MSK Projects (India) IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of MSK Projects (India)?
The current Grey Market Premium is ₹0.
What is the MSK Projects (India) IPO price band?
₹40, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 4 November 2004.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Purva Sharegistry (India) Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
