Indian Stock Market

Manjushree Extrusions IPO : Manjushree Extrusions IPO opens on Jan 7 

Manjushree Extrusions, is making a rights-cum-follow on public offer of equity shares aggregating to Rs 35.70 crore.

The issue comprises of a rights issue of 42,10,800 equity shares of Rs 10 each for cash at a premium of Rs 20 per share aggregating to Rs 12.63 crore and a follow on public offer of 51,26,100 equity shares of Rs 10 each for cash at a premium of Rs 35 per share aggregating to Rs 23.07 crore.

The rights issue will open on January 7, 2008 and close on February 6, 2008, while the public offer will open on January 31, 2008 and close on February 6, 2008.

Manjushree is currently listed on Ahmedabad, Kolkata and Guwahati Stock Exchanges and now proposes to also list on Bombay Stock Exchange.

Centrum Capital Ltd is the lead manager to the issue.

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