Bookbuilding IPO | ₹53 Cr | Listed at BSE, NSE | Mon, Aug 27, 2007 - Thu, Aug 30, 2007
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 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹6,000 (200 shares) (based on upper price). 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 Open
Mon, Aug 27, 2007
IPO Close
Thu, Aug 30, 2007
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹112.80 Cr
| IPO Date | 27 to 30 Aug, 2007 |
| Listed on | Thu, Sep 20, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹30 |
| Issue Price | ₹30 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,76,41,184 shares (agg. up to ₹53 Cr) |
| Fresh Issue | 1,76,41,184 shares (agg. up to ₹53 Cr) |
| Share Holding Pre Issue | 1,99,60,700 shares |
| Share Holding Post Issue | 3,76,01,450 shares |
| BSE Script Code / NSE Symbol | 532896 / MAGNUM |
| ISIN | INE387I01016 |
Magnum Ventures IPO comprises a total issue size of 1,76,40,750 shares. Out of which, 88,20,375 (50.00%) are allocated to QIB, 26,46,112 (15.00%) allocated to NII 61,74,263 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land and site development | 8.57 |
| 2 | Plant & Machinery | 42.00 |
| 3 | Civil work | 52.98 |
| 4 | Furniture, Fixtures & Equipments | 19.08 |
| 5 | Pre-operating expenses | 5.43 |
| 6 | Securities | 0.60 |
| 7 | Technical know how and management development fees | 5.11 |
| 8 | Interest during construction period | 8.00 |
| 9 | Contingencies | 5.87 |
| 10 | Margin for working capital | 4.99 |
| Total | 152.63 |
| KPI | |
|---|---|
| RoNW | 17.8% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 53.08% |
| Market Cap | ₹112.80 Cr. |
The Magnum Ventures IPO is subscribed 2.95 times on August 30, 2007 5:00:00 PM (Day 4). The public issue subscribed 3.39 times in the retail category, 2.34 times in the QIB category, and 3.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees | 1.19 |
| 2 | Underwriting, Brokerage & Selling commission | 1.19 |
| 3 | Advertisement & Marketing expenses | 0.85 |
| 4 | Printing and Stationery, Distribution, postage etc | 1.00 |
| 5 | Other Expenses (including Registrar fees, legal fees, listing fees, etc) | 0.74 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹30.00 | ₹30.00 |
| Open | ₹36.95 | ₹36.80 |
| Low | ₹36.95 | ₹35.70 |
| High | ₹66.70 | ₹66.90 |
| Last Trade | ₹48.70 | ₹49.40 |
Lead Manager Reports
Magnum Ventures IPO is a main-board IPO of 1,76,41,184 equity shares of the face value of ₹10 aggregating up to ₹53 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200.
The IPO opens on Mon, Aug 27, 2007, and closes on Thu, Aug 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 Mon, Aug 27, 2007 and closes on Thu, Aug 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 Thu, Sep 20, 2007.
