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Magnum Ventures IPO is a book build issue of ₹52.92 crores. The issue is entirely a fresh issue of 1.76 crore shares of ₹52.92 crore.
Magnum Ventures IPO bidding started from Aug 27, 2007 and ended on Aug 30, 2007. The shares got listed on BSE, NSE on Sep 20, 2007.
Magnum Ventures IPO price band is set at ₹30.00 per share . The lot size for an application is 200. The minimum amount of investment required by an retail is ₹5,400 (200 shares). The lot size investment for sNII is 34 lots (6,800 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (33,400 shares), amounting to ₹10,02,000.
Srei Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Magnum Ventures IPO RHP for detailed Information.
| IPO Date | August 27, 2007 to August 30, 2007 |
| Listing Date | September 20, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹27 to ₹30 per share |
| Issue Price Final | ₹30 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,76,41,184 shares (aggregating up to ₹52.92 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,99,60,700 shares |
| Share Holding Post Issue | 3,76,01,450 shares |
Magnum Ventures IPO offers total 1,76,40,750 shares. Out of which 88,20,375 (50.00%) allocated to QIB, 26,46,112 (15.00%) allocated to NII, 61,74,263 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 88,20,375 (50.00%) | NA |
| NII (HNI) Shares Offered | 26,46,112 (15.00%) | NA |
| Retail Shares Offered | 61,74,263 (35.00%) | 30,871 |
| Total Shares Offered | 1,76,40,750 (100.00%) |
Magnum Ventures IPO opens on August 27, 2007, and closes on August 30, 2007.
| IPO Open Date | Mon, Aug 27, 2007 |
| IPO Close Date | Thu, Aug 30, 2007 |
| Tentative Listing Date | Thu, Sep 20, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 30, 2007 |
Investors can bid for a minimum of 200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (Min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (Max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (Min) | 167 | 33,400 | ₹10,02,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1980, Magnum Ventures Limited (formerly Magnum Papers Limited) is in the business of trading and manufacturing paper. MVL has installed capacity of 85,000 MT per annum and manufacturing activities cover writing & printing paper, and duplex boards. Magnum has three manufacturing units located in Industrial Area, Sahibabad, Uttar Pradesh.
MVL is running successfully for 25 years and generating cash profits. The Company has registered a turnover of Rs. 8090.72 lakhs and PAT of Rs. 810.06 lakhs for the financial year 2005-06.
| KPI | Values |
|---|---|
| RoNW | 17.8% |
The Company Magnum Ventures IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To modernize its production facilities of its Paper Unit II and III by technological upgradation including replacement of plant and machinery with regard to manufacturing of duplex board, writing and printing paper, and allied sections such as chemicals and Fibre Recovery Section, Recycling of Backward Sysytem etc., at a project cost of Rs. 50 crores. | 500.00 |
| 2 | To venture into hospitality industry by setting up a 4 Star Business Hotel with 212 rooms, conference halls, food & beverages and other facilities, at a project cost of Rs. 102.63 crores. | 1,026.30 |
| 3 | To raise resources for general corporate purposes. | |
| 4 | To meet the expenses of this Issue, and | |
| 5 | To list the equity shares of Magnum Ventures Limited on the Bombay Stock Exchange Limited (BSE), the Designated Stock Exchange; and National Stock Exchange of India Limited (NSE), which will enhance the Company’s brand name and provide liquidity to its shareholders. |
| Listing Date | September 20, 2007 |
| BSE Script Code | 532896 |
| NSE Symbol | MAGNUM |
| ISIN | INE387I01016 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | B1 |
Magnum Ventures Ltd.
Magnum Ventures Limited,
3/4326, Ansari Road,
Daryaganj, New Delhi - 110 002 India
Delhi, New Delhi
Phone: 011 23262983
Email: ipo@magnumventures.in
Website: http://www.magnumventures.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Magnum Ventures IPO is a main-board IPO of 1,76,41,184 equity shares of the face value of ₹10 aggregating up to ₹52.92 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200.
The IPO opens on August 27, 2007, and closes on August 30, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Magnum Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Magnum Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Magnum Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Magnum Ventures IPO opens on August 27, 2007 and closes on August 30, 2007.
Magnum Ventures IPO lot size is 200, and the minimum amount required for application is ₹6,000.
You can apply in Magnum Ventures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Magnum Ventures IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Magnum Ventures IPO allotment status.
The Magnum Ventures IPO listing date is on Thursday, September 20, 2007.
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