Manjushree Extrusions will list on the BSE with its equity shares on February 28, 2008. The offer price is at Rs 45 per share.
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.
It is already listed on Ahmedabad, Calcutta, and Guwahati Stock Exchanges.
The company intended to utilise the funds to part finance its expansion cum diversification project at a cost of Rs 53.70 crore, which is presently under implementation. A term loan of Rs 18 crore has been sanctioned by SBI for the project.
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
Wednesday, February 27, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment