Bookbuilding FPO | ₹248 Cr | Listed at BSE, NSE | Mon, Dec 17, 2007 - Wed, Dec 19, 2007
Manaksia FPO is a book build issue of ₹248.00 crores. The issue is entirely a fresh issue of 1.55 crore shares of ₹248.00 crore.
Manaksia FPO bidding started from Dec 17, 2007 and ended on Dec 19, 2007. The shares got listed on BSE, NSE on Dec 26, 2019.
Manaksia FPO price band is set at ₹160 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,400 (40 shares) (based on upper price). The lot size investment for sNII is 32 lots (1,280 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (6,280 shares), amounting to ₹10,04,800.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Manaksia FPO RHP for detailed Information.
FPO Open
Mon, Dec 17, 2007
FPO Close
Wed, Dec 19, 2007
Issue Price
₹160 per share
Market Cap (Pre-IPO)
₹1,112.54 Cr
| IPO Date | 17 to 19 Dec, 2007 |
| Listed on | Thu, Dec 26, 2019 |
| Face Value | ₹2 per share |
| Price Band | ₹140 to ₹160 |
| Issue Price | ₹160 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,55,00,000 shares (agg. up to ₹248 Cr) |
| Fresh Issue | 1,55,00,000 shares (agg. up to ₹248 Cr) |
| Share Holding Pre Issue | 5,40,34,050 shares |
| Share Holding Post Issue | 6,95,34,050 shares |
| BSE Script Code / NSE Symbol | / |
| ISIN |
Manaksia FPO comprises a total issue size of 1,55,00,000 shares. The net offer to the public is 1,54,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 77,00,000 (50.00%) are allocated to QIB, 23,10,000 (15.00%) allocated to NII 53,90,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 77,00,000 | 50.00% | 49.68% | NA |
| NII (HNI) Shares Offered | 23,10,000 | 15.00% | 14.90% | NA |
| Retail Shares Offered | 53,90,000 | 35.00% | 34.77% | 1,34,750 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 0.65% | NA | |
| Total Shares Offered | 1,55,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,400 |
| Retail (Max) | 31 | 1,240 | ₹1,98,400 |
| S-HNI (Min) | 32 | 1,280 | ₹2,04,800 |
| S-HNI (Max) | 156 | 6,240 | ₹9,98,400 |
| B-HNI (Min) | 157 | 6,280 | ₹10,04,800 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| 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 | Expansion of metals business | 115.50 |
| 2 | Prepayment/repayment of debt | 60.00 |
| 3 | General corporate purposes | 59.98 |
| KPI | |
|---|---|
| RoNW | 24% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 74.76% | 58.1% |
| Market Cap | ₹1,112.54 Cr. |
The Manaksia IPO is subscribed 8.98 times on December 19, 2007 5:00:00 PM (Day 3). The public issue subscribed 5.09 times in the retail category, 13.7 times in the QIB category, and 2.73 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 | Lead management fee and underwriting commissions | 6.82 |
| 2 | Advertising and Marketing expenses | 2.50 |
| 3 | Printing and stationery | 2.00 |
| 4 | Others (Registrars fee, legal fee, listing fee etc.) | 1.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹160.00 | ₹160.00 |
| Open | ₹200.00 | ₹175.30 |
| Low | ₹161.55 | ₹161.70 |
| High | ₹248.70 | ₹212.00 |
| Last Trade | ₹168.10 | ₹167.70 |
Lead Manager Reports
Manaksia FPO is a main-board FPO of 1,55,00,000 equity shares of the face value of ₹2 aggregating up to ₹248 Crores. The issue is priced at ₹160 per share. The minimum order quantity is 40.
The FPO opens on Mon, Dec 17, 2007, and closes on Wed, Dec 19, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Manaksia FPO using UPI as a payment gateway. Zerodha customers can apply in Manaksia FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manaksia FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manaksia FPO opens on Mon, Dec 17, 2007 and closes on Wed, Dec 19, 2007.
Manaksia FPO lot size is 40, and the minimum amount required for application is ₹6,400.
You can apply in Manaksia FPO 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 Manaksia FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Manaksia FPO allotment status.
The Manaksia FPO listing date is on Thu, Dec 26, 2019.
