CMM Infra Projects Ltd

cmm infra projects

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
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%