CMM Infra Projects Ltd

About the Company:

CMM Infra Projects Ltd is engaged in the business of construction and development of infrastructure projects in Buildings and Roads on contract basis for the last ten years.

Company is an Engineering, Procurement and Construction (EPC) Company with experience in end-to-end design and construction of various projects.

They have executed multiple projects with the Government(s) / PSUs / Corporates & various other organizations across different sectors and verticals across the country.

They have undertaken and successfully completed many construction projects in India covering state of Madhya Pradesh, Odisha, Chhattisgarh, Maharashtra, Rajasthan, Bihar, Goa, Haryana and Uttar Pradesh.

Company owns one of the largest fleet of construction equipment, which helps lower their procurement cost.

Company owns plant, machineries and equipment’s required to operate effectively and efficiently worth of Rs. 22.64 crores as on March 31, 2017.

Company’s engineering work normally includes work related to project layout, construction process, control systems and instrumentation, equipment usage planning, civil works, designing cost control measures and scheduling.

Company has entered into projects for diverse range of constructions including Residential, Commercial, Institutional and Civil structures.

Company is basically engaged in EPC Projects / Projects in the following fields:

• Public Housing
• Commercial Complexes
• Corporate Offices
• IT Offices
• Public Parkings
• Government Establishments
• Defence
• Health Care
• Sewerage
• Irrigation Projects
• Educational Institutions
• Roadways /Railways /Highways
• Sport Complexes
• Multi Purpose Halls

 

Some of the Major projects executed by the Company are as follows:

• East Coast Railway Headquarter Building (Bhubaneswar, Orissa)
• Indian Institute of Information Technology Management (Gwalior, M.P.)
• Zila Parishad Building (Nagpur, Maharashtra).
• Orissa Computer Application Centre (Bhubaneswar, Orissa).

 

Management Team:

1. Mr.Kishan Mundra (Designation: Chairman cum Managing Director)
2. Ms. Laxmi Devi Mundra (Designation: PromoterDirector)
3. Ms. Samta Mundra (Designation: Promoter Director)

 

Promoters Average Acquisition Cost:

Name of the Promoter	No. of Shares held	Average Acquisition Cost (in Rs.)
Ms. Laxmi Devi Mundra	7,60,000	1.45
Mr. Kishan Mundra	69,36,920	7.68
Ms. Samta Mundra	2,40,000	1.25

 

Promoters Stake Pre & Post Issue:

Shareholder Name	Pre Issue Stake (%)	Post Issue Stake
Promoters
Ms. Laxmi Devi Mundra	6.83%	4.85%
Mr. Kishan Mundra	62.34%	44.26%
Ms. Samta Mundra	2.16%	1.53%
Promoter Group	19.06%	13.53%
Total	90.38%	64.17%

 

Objectives of the Issue:

• Funding the working capital requirements of the Company.
• General Corporate Purpose.
• Listing Benefits.

 

Fund Utilization:

Particulars	Amount (Rs. in Crores)
Working Capital requirements	12.5
General Corporate Expenses	4.04
Net Proceeds	16.54

 

Positives for the Company:

• Experienced Management Team.
• Established brand and image.
• One of the leading EPC player.
• Strong segment experience.
• In-house equipment base.

 

Financials of the Company:

(in Crores)	FY 13	FY 14	FY 15	FY 16	FY 17
Revenue	85.8	98.23	145.27	178.76	202.23
Net Profit	1.13	1.07	1.93	2.28	6.24

 

IPO Details:

Details	Info
Issue Opens on	29th September 2017
Issue Closes on:.	4th October 2017
Issue Price	Rs.40
Face Value	Rs.10
Minimum Lot	3000
Minimum Investment	Rs.1,20,000
Issue Constitutes	29.00%
Issue Size	Rs.18.18 cr
Market Cap	Rs.62.69 cr
Listing at	NSE SME
Equity Shares Offered	45,45,000
Equity Shares Prior	1,11,28,260
Equity Shares after the issue	1,56,73,260

 

IPO Valuation Parameters:

Earnings Per Share (EPS)	Price To Earnings ratio (PE)	Return on Net Worth (RoNW)	Net Asset Value (NAV)
5.61	7.13	22.67%	24.79

 

Markets Guruji Opinion:

IPO View	Apply For:	Expected listing Gain:
Subscribe	Listing Gain	25%