Manaksia Ltd Public Issue to hit markets on December 17, 2007

The Public Offering of Manaksia Ltd opens for subscription on December 17, 2007. The company is coming out with an Public Offering of 15500000 Equity Shares of Rs.2 each for cash at a price band of Rs 140 to Rs 160 per share through 100% Book Building Process.

The IPO opens for subscription on Monday - December 17, 2007 and closes on Wednesday - December 19, 2007.

The Issue comprises a net issue to the public of up to 15400000 equity shares and a reservation of up to 100000 equity shares of Rs.2 each for subscription by employees. The Issue would constitute 22.29% of the fully diluted post issue paid up equity capital of the company. The Net Issue to the public would constitute 22.15% of the fully diluted post-issue capital of the company.

The Equity Shares are already listed on the Calcutta Stock Exchange Ltd (CSE) and proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book Running Lead Manager to the issue is ICICI Securities Limited. Microsec Capital Limited and ICICI Securities Limited are the Syndicate Members to the issue.

Intime Spectrum Registry Limited is the Registrar to the issue.

Click Here to view the website of Manaksia Ltd

Click Here to view the prospectus of Manaksia Ltd

Source : Equity Bulls

Keywords