MAYTAS INFRA LTD - IPO

Type of Issue : Book Built
Issue Opens: 27 September, 2007
Issue Closes: 04 October, 2007
Expected Refund Date: 21 October, 2007
Issue Size : 8,850,000 (No. of Shares)

Lower Price Band: Rs.320
Upper Price Band: Rs.370
Total Issue Size: Rs.327 Crores

Application Multiple: 18 and in multiples there off starting with at least 18 shares.

Maximum Shares: 270(for Retail)

Information URL : http://www.maytasinfra.com/
Prospectus URL : http://www.sebi.gov.in/dp/maytasdraft.pdf

Company Details :

Address : 6-3-1186/5/A, III FLOOR, AMOGH PLAZA, BEGUMPET, HYDERABAD - 500 016.
Email : cs@maytasinfra.com
Contact Details: 914023408100 /914040037800 /914023401107 (fax)

ISSUE Description:

Company Background:

Maytas Infra Limited is Hyderabad-based infrastructure development company that has two decades of experience in executing projects under various domains such as Buildings & Structures, Transportation, Water and Energy.

With established credentials in executing complex and challenging projects in all kinds of environment, Maytas Infra has repeatedly delivered projects on time and of the highest quality. An abundance of resources like People, Plant & Equipment, Finances etc, has enabled Maytas Infra establish an enviable record in the infrastructure sphere. Maytas Infra is an ISO 9001 - 2000 certified company, committed to the highest standards of quality.

The Company develops and constructs the following:
 Roads, Expressways and Highways
 Buildings and Structures
 Irrigation - Canals, Dams and Tunnels
 Power Plants – Thermal & Hydel
 Power Transmission and Distribution
 Industrial Construction
 Oil & Gas – Pipelines, Refineries and Petro Chemicals
 Airports, Seaports
 Railways & Rail based systems
 Water and Water Treatment

Object of the Issue:

A. Investment in Associate companies:
i)Banglore Elevated Tollway for the construction of the elevated highway project of the Banglore-Hosur section of NH-7; ii)KVK Nilachal Power for developing, constructing and commissioning a 300 MW coal-based power plant in Orissa: and iii)SV Power for setting up a 56 MW coal washery reject based power plant and a 205 million metric tonne per annum coal washery at Korba District, Chhattisgarh.

B. Purchase of construction equipment;
Key Financials for the year ended March 31, 2007
Revenue Rs. 6,010.06Mln, PAT Rs.550.08Mln, EPS Rs.11.00, RoNW20.7%

Recommendation

The company’s management has extensive experience and strong track record. Apply Aggressively