Vadodara city of Gujarat based fruit drink/beverage manufacturer Manpasand Beverages Ltd recently announced that its initial public offer (IPO) to raise Rs.400 crore will open on 24 June 2015, Wednesday and set a price band of Rs.290-320 per share. Kotak Mahindra Capital Co. Ltd, IIFL Holdings Ltd and ICICI Securities Ltd are managing the share sale for the company.
Manpasand Beverages IPO Date : 24 June 2015
Manpasand Beverages Issue Open Date : 24 June 2015
Manpasand Beverages Issue Close Date : 26 June 2015
Manpasand Beverages Ltd has allocated 75% of the issue to qualified institutional buyers, 15% to non-institutional and high net worth investors and the remaining 10% to retail investors. Around 60% of the QIB portion will be reserved for anchor investors, bids for which will be opened on 23 June 2015, the firm said.
Manpasand Beverages is a fruit drink manufacturing company where Mango Sip is their leading brand. The firm reported revenue of Rs.294.3 crore in economic 2014, compared to Rs.240.2 crore in the previous year. Net profit for 2014 was reported at Rs.20.4 crore, compared to Rs.22.4 crore the previous year.
Manpasand Beverages Issue Price Band : Rs 290 to Rs 320
Manpasand Beverages Equity Share Face Value : Rs 10
Manpasand has manufacturing plants in Vadodara, Dehradun and Varanasi. Manpasand Beverages equity share face value is decided to Rs 10.
Manpasand Beverages Listed in : BSE, NSE
Manpasand Beverages IPO Registrar : Karvy Computershare Pvt Ltd
Manpasand Beverages Corporate Address :
E-62 Manjusar GIDC,Savli Road , Vadodara – 391775 , Gujarat , India
Manpasand Beverages’s will be the 8th IPO in 2015. Before this, Ortel Communications Ltd, Adlabs Entertainment Ltd, Inox Wind Ltd, VRL Logistics Ltd, MEP Infrastructure Developers Ltd, UFO Moviez India Ltd and PNC Infratech Ltd have sold shares in the primary market. Together these companies raised Rs.3,449.1 crore.
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