Bookbuilding IPO | ₹3,000 Cr | Listing at BSE, NSE |
Manjushree Technopack Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on November 30, 2024.
Manjushree Technopack Ltd. IPO was a Book Build Issue of ₹3,000.00 crores consisting of a fresh issue of shares worth Rs ₹750.00 crores and an offer for sale (OFS) of ₹2,250.00 crores.
The equity shares were proposed to be listed on NSE and BSE. JM Financial Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹3,000 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹750 Cr) |
| Offer for Sale | [.] shares of ₹2 (agg. up to ₹2,250 Cr) |
| Share Holding Pre Issue | 6,77,38,500 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Aug 20, 2024 |
| SEBI/Exchange approval received | Fri, Nov 8, 2024 |
| Offer document withdrawn | Sat, Nov 30, 2024 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Net offer |
| NII Shares Offered | Not less than 15% of the Net offer |
Manjushree Technopak is the largest rigid plastic packaging (“RPP”) player, in terms of installed capacity in India as of March 31, 2024.
It is a one-stop packaging solutions provider with end-to-end capabilities (i.e. from design to delivery) in containers, preforms, caps and closures, pumps and dispensers, as well as in-house recycling capabilities.
The company serves customers across industries, including food and beverage, home care, personal care, alcoholic beverages, paints and adhesives, pharmaceuticals, nutraceuticals, dairy and agrochemicals.
The company also recycles post-consumer plastic waste from polypropylene (PP) and high-density polyethylene (HDPE).
In the fiscal 2024, the company served 964 customers. Varun Beverages Ltd, Dabur India Ltd, Marico Ltd, Honasa Consumer Ltd, Hershey India Pvt Ltd, Kansai Nerolac Paints, Parag Milk Foods are some of the key customers.
The company owns and operates a recycling plant with an installed capacity of 6,000 metric tons per annum.
Strengths
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 2,294.18 | 2,300.16 | 1,995.68 |
| Total Income | 2,130.30 | 2,108.55 | 1,473.80 |
| Profit After Tax | 140.79 | 59.23 | 70.82 |
| NET Worth | 1,008.14 | 951.00 | 900.73 |
| Reserves and Surplus | 317.18 | 317.18 | 317.18 |
| Total Borrowing | 753.66 | 805.17 | 674.10 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or part, of outstanding borrowings availed by our Company | 500.00 |
| 2 | Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 14.37% |
| ROCE | 16.98% |
| Debt/Equity | 0.75 |
| RoNW | 13.97% |
| PAT Margin | 6.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.24% |
Manjushree Technopack IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹3,000 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Manjushree Technopack IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Manjushree Technopack IPO using UPI as a payment gateway. Zerodha customers can apply in Manjushree Technopack IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manjushree Technopack IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manjushree Technopack IPO dates are not announced. Please check back again after some time.
Manjushree Technopack IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Manjushree Technopack 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 Manjushree Technopack IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Manjushree Technopack IPO allotment status.
The Manjushree Technopack IPO listing date is not yet announced. The tentative date of listing is .
