Incorporated in 1987, Manjushree Extrusions Limited (MEL) is in the business of manufacturing specialty plastic packaging products mainly containers and Jars for Multinational Companies in FMCG, Pharma, Food Processing and Agrochemical sectors.
The Equity Shares of the Company are already listed on Gauhati Stock Exchange (GSE), Calcutta Stock Exchange Association (CSE) and Ahmedabad Stock Exchange (ASE).
Manjushree Extrusions market its product under the brand names ‘POLYPET’, ‘DURAFLEX’ and ‘THERMOPET’. The major clients of the Company include Hindustan Lever, Nestle, Cadbury, Britannia, Glaxo Smith Kline, P&G, Coca Cola, Tata Tea, Goodricke Group, McLeod, Godrej, Nutrine, Wrigley’s, Parry’s, Heinz, P&G, Reckitt etc.
Company is coming up with rights issue & follow on public offer (FPO) of equity shares aggregating to Rs 35.70 crore.
- Right issue information:
- Issue Size: 42,10,800 Equity Shares
- Face Value: Rs 10
- Issue Price: Rs 30 (premium of Rs 20 per share)
- Issue Open: January 7, 2008
- Issue Close: February 6, 2008
- Follow on public offer (FPO) information:
- Issue Size: 51,26,100 Equity Shares
- Face Value: Rs 10
- Issue Price: Rs 45 (premium of Rs 35 per share)
- Issue Open: January 31, 2008
- Issue Close: February 6, 2008
Objects of the Issue:
- The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
- To expand and diversify its operations by setting up facilities for manufacture of Speciality Plastic Containers and PET Preforms;
- To meet the Working Capital Margin requirement for the proposed project.
Manjushree Extrusion Limited FPO Information
»» Public Issue Open : January 31, 2008 to February 6, 2008
»» Public Issue Type : Fixed Price Issue (Follow on Public Offer FPO)
»» Public Issue Size: [ ] Equity Share Aggregating Rs 23.07 Crore
»» Public Issue Price: Rs. 45/- Per Equity Share
»» Face Value: Rs 10/- Per Equity Share
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE
»» Lead Manager: Centrum Capital Limited
»» Registrar : Alpha Systems Private Limited (Ph: 080-2346-0815/818 Email: mel@123alpha.com)
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