Manika Plastech Ltd - IPO

Manika Plastech Ltd IPO Details

Initial public offering of up to 29,186,045 equity shares of face value of Rs. 2/- each (Equity Shares) of the company for cash at a price of Rs. 43 per equity share (Including a Share Premium of Rs. 41 per Equity Share) (Offer Price) aggregating up to Rs. 125.5 Crores (the Offer) comprising a fresh issue of up to 21,511,627 equity shares of face value of Rs. 2/- each aggregating up to Rs. 92.5 Crores by the company (the Fresh Issue) and an offer for sale of up to 7,674,418 equity shares of face value of Rs. 2/- each aggregating up to Rs. 33 Crores by Vridaa Holding Trust (the Promoter Selling Shareholder) (Offer for Sale). The offer will constitute [*] % of the post-offer paid-up equity share capital.Price Band: Rs. 40 to Rs. 43 per equity share of face value of Rs. 2 each.The floor price and the cap price are 20 times and 21.50 times the face value of the equity shares, respectively. Bids can be made for a minimum of 348 equity shares of face value of Rs. 2 each and in multiples of 348 equity shares of face value of Rs. 2 each thereafter.

Objective of issue

Funding the capital expenditure towards purchase of plant and machinery. Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company. General Corporate Purposes(1).

Manika Plastech Ltd Contact Details

Manika Plastech Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@manikaplastech.com

Website - www.manikaplastech.com