Manas Polymers & Energies Ltd - IPO

Manas Polymers & Energies Ltd IPO Details

Initial public offer of 29,04,000 equity shares of face value of Rs.10/- each (equity shares) of Manas polymers and energies limited (company ) for cast at a price of Rs.81 per equity share (Including Share Premium of Rs.71 per equity share) (Issue Price) aggregating up to Rs.23.52 crores out of which 1,47,200 equity shares of face value of Rs.10/- each, for cash at a price of Rs.81 per equity share Including a share premium of Rs.71 per equity share aggregating to Rs.1.19 crores was reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. issue of 27,56,800 equity shares of face value of Rs.10/- each, at a price of Rs.81 per equity share aggregating to Rs.22.33 crores is herein after referred to as the Net Issue. the issue and the net issue will constitute 37.35% and 35.45% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 76/- to Rs. 81/- for equity share of face value of Rs. 10 each.The floor price is 7.60 times times the face value and cap price is 8.10 times of the face value of the equity shares.Bids can made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter.

Objective of issue

Funding of capital expenditure requirements towards setting up of Solar Power Plant. Funding of capital expenditure requirements towards purchase of fixed assets. General corporate purposes.

Manas Polymers & Energies Ltd Contact Details

Manas Polymers & Energies Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 022- 23016761 / 23018261

Fax - 91-22-23012517

Email - cs@manaspolymers.com

Website - www.manaspolymers.com