Incorporated in 1984, Manaksia Limited (formerly Hindusthan Seals Ltd.) manufactures value added metal products and metal packaging products. They have fifteen manufacturing units in India and three abroad; two in Nigeria and one in Ghana.
Manaksia Limited business can be categorized into metal products; packaging products; mosquito coils; and engineering and others. Metal products include aluminium alloy ingots, rolled sheets/coils, galvanized steel sheets/coils, color coated metal sheets and Sponge Iron. Packaging products comprise of ROPP caps, crown closures, plastic caps and metal containers.
The company was promoted by Basant Kumar Agrawal and Suresh Kumar Agrawal. Presently, Basant Kumar Agrawal is the Managing Director of the Company. It is headquartered in Kolkata, India, and its shares are listed on the Calcutta Stock Exchange.
Manaksia Limited business can be categorized into metal products; packaging products; mosquito coils; and engineering and others. Metal products include aluminium alloy ingots, rolled sheets/coils, galvanized steel sheets/coils, color coated metal sheets and Sponge Iron. Packaging products comprise of ROPP caps, crown closures, plastic caps and metal containers.
The company was promoted by Basant Kumar Agrawal and Suresh Kumar Agrawal. Presently, Basant Kumar Agrawal is the Managing Director of the Company. It is headquartered in Kolkata, India, and its shares are listed on the Calcutta Stock Exchange.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital .
Expansion of metals business by purchase of capital equipment;
Prepayment of certain term debt;
To meet the expenses of the Issue;
For General Corporate Purpose;
To meet the long term working capital requirements of the Company.
Expansion of metals business by purchase of capital equipment;
Prepayment of certain term debt;
To meet the expenses of the Issue;
For General Corporate Purpose;
To meet the long term working capital requirements of the Company.
IPO Information
»» Public Issue Open : December 17, 2007 to December 19, 2007
»» Public Issue Open : December 17, 2007 to December 19, 2007
»» Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 15,500,000 Equity Shares of Rs. 2/-
»» Face Value: Rs. 2/-
»» Public Issue Price: Rs. 140/- to Rs. 160/- Per Equity Share
»» Market Lot: 40 shares
»» Minimum Order Quantity: 40 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE, NSE
»» Lead Manager:ICICI Securities Limited