M R Maniveni Foods Ltd - IPO

M R Maniveni Foods Ltd IPO Details

Initial public offering of up to 52,00,000* equity shares of face value of Rs. 10/- each (Equity Shares) of M R Maniveni Foods Limited (M R Maniveni or the Company or the Issuer) for cash at a price of Rs. 51-52 per equity share (including a premium of Rs. 41-42 per equity share) (Issue Price) aggregating to Rs. 26.52-27.04 Crores (the Issue) of which up to 2,60,000 equity shares aggregating to Rs. 1.33-1.35 Crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Issue of up to 49,40,000 equity shares of face value of Rs.10/- each at an issue price of Rs. 51-52 per equity share aggregating to Rs. 25.19-25.69 Crores (Net Issue). The issue and the net issue will constitute 26.57% and 25.24% of the post-issue paid-up equity share capital of the company. Price Band: Rs. 51 to Rs. 52 per equity share of face value of Rs. 10 each.The floor price is 5.1 times the face value of the equity shares and the cap price is 5.2 times the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Funding for Capital Expenditure requirements towards Construction of Factory. Funding for Capital Expenditure requirements towards purchase of Plant and Machinery. General Corporate Purpose.

M R Maniveni Foods Ltd Contact Details

M R Maniveni Foods Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - admin@mrgolddhall.com

Website - https:, www.mrgolddhall.com