Manjushree Extrusions has listed with 6.67% premium at Rs 48 as against its issue price of Rs 45. The stock went up to a high of Rs 66 in early trade on the back of buying support though it touched a low of Rs 47.
It was trading at Rs 62.70, up by 39.33% or Rs 17.70, with volumes of 17,04,101 shares on the BSE, at 9:58 am.
The company had come out with its follow on public offer of 51,26,100 equity shares of Rs 10 each for cash at a premium of Rs 35 per share and collected nearly Rs 23.07 crore.
Manjushree provides packaging solutions through manufacture of speciality plastic packaging products for multinational companies with whom the company enjoys a preferred supplier status, in FMCG, pharma, food processing and agrochemical sectors through an ongoing process of research oriented design and development.
Source: Moneycontrol.com
Thursday, February 28, 2008
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