Manaksia IPO : Manaksia IPO on Dec 17
Manaksia IPO : Manaksia IPO on Dec 17
Manaksia Ltd will tap the capital market on December 17 with a public issue of up to 1,55,00,000 equity shares of Rs 2 each in the price band of Rs 140-160 per share. The issue closes on Dec 19.
After allowing for reservation of up to 1,00,000 shares for employees, the net issue to the public will be for 1,54,00,000 shares. The total issue would constitute 22.29 per cent and net issue 22.15 per cent of the fully diluted post issue capital.
ICICI Securities is the book running lead manager to the issue. The company’s shares are currently listed on the CSE and the shares offered in this public issue will be listed on the BSE, NSE and CSE.
The company, into value added metal products and metal packaging products, intends to use the net IPO proceeds for expansion of metals business by purchase of capital equipment, prepayment of term debt.
