Manjushree Extrusions Ltd IPO

Manjushree Extrusions Ltd IPO was issued on 31st January, 2008 and it closed on 6th February, 2008. The various objectives of issuing Manjushree Extrusions Ltd IPO by the company were to use the proceeds to expand the operations of the company and also to meet the requirement of the working capital.

A glance at Manjushree Extrusions Ltd:

Manjushree Extrusions Ltd was incorporated on November 13th, 1987 and it is engaged in the production of plastic packaging items like containers and jars.

Manjushree Extrusions Ltd manufactures products for multinational companies in various sectors like food processing, pharmaceutical, agrochemicals and FMCG.The net profit of Manjushree Extrusions Ltd came to Rs. 112.42 lacs in 2004- 2005. In 2005- 2006 this figure stood at Rs. 137.11 lacs and in the following year, 2006-2007, this figure increased to Rs. 282.32 lacs. The Managing Director of Manjushree Extrusions Ltd is Mr. Vimal Kedia and the Executive Director is Mr. Surendra Kedia.

An overview of Manjushree Extrusions Ltd IPO:

Manjushree Extrusions Ltd IPO was issued on 31st January, 2008 and it closed on 6th February, 2008. The lead manager of Manjushree Extrusions Ltd IPO was Centrum Capital Limited. The registrar of Manjushree Extrusions Ltd IPO was Alpha Systems Private Limited and it was listed on the Bombay Stock Exchange (BSE). The total size of the equity share of Manjushree Extrusions Ltd IPO was around Rs. 23.07 crores. The face value of per equity share of Manjushree Extrusions Ltd IPO was Rs. 10. The maximum amount of subscription by the retail investor was around Rs. 100,000 in Manjushree Extrusions Ltd IPO.

Major objectives of Manjushree Extrusions Ltd IPO:

The major objectives of Manjushree Extrusions Ltd IPO were that the proceeds from the issue would be used to expand the operations of the company, meet the expenditure of the issue and to meet the requirement of working capital.