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Manpasand Beverages IPO is a book build issue of ₹400.00 crores. The issue is entirely a fresh issue of 1.25 crore shares of ₹400.00 crore.
Manpasand Beverages IPO bidding started from Jun 24, 2015 and ended on Jun 26, 2015. The shares got listed on BSE, NSE on Jul 9, 2015.
Manpasand Beverages IPO price band is set at ₹320.00 per share . The lot size for an application is 45. The minimum amount of investment required by an retail is ₹13,050 (45 shares). The lot size investment for sNII is 14 lots (630 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (3,150 shares), amounting to ₹10,08,000.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Manpasand Beverages IPO RHP for detailed Information.
| IPO Date | June 24, 2015 to June 26, 2015 |
| Listing Date | July 9, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹290 to ₹320 per share |
| Issue Price Final | ₹320 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,25,00,000 shares (aggregating up to ₹400.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,75,54,000 shares |
| Share Holding Post Issue | 5,00,54,000 shares |
Manpasand Beverages IPO offers total 1,25,00,000 shares. Out of which 93,75,000 (75.00%) allocated to QIB, 37,50,000 (30.00%) allocated to QIB, 18,75,000 (15.00%) allocated to NII, 12,50,000 (10.00%) allocated to RII and 56,25,000 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 93,75,000 (75.00%) | NA |
| − Anchor Investor Shares Offered | 56,25,000 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 37,50,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 18,75,000 (15.00%) | NA |
| Retail Shares Offered | 12,50,000 (10.00%) | 27,777 |
| Total Shares Offered | 1,25,00,000 (100.00%) |
Manpasand Beverages IPO opens on June 24, 2015, and closes on June 26, 2015.
| IPO Open Date | Wed, Jun 24, 2015 |
| IPO Close Date | Fri, Jun 26, 2015 |
| Tentative Listing Date | Thu, Jul 9, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 26, 2015 |
Investors can bid for a minimum of 45 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 | 45 | ₹14,400 |
| Retail (Max) | 13 | 585 | ₹1,87,200 |
| S-HNI (Min) | 14 | 630 | ₹2,01,600 |
| S-HNI (Max) | 69 | 3,105 | ₹9,93,600 |
| B-HNI (Min) | 70 | 3,150 | ₹10,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1997, Manpasand Beverages Ltd is a Gujrat based fruit drink manufacturing company primary focus on mango fruit, which is the leading flavor for juice drinks in India.
Company's mango based fruit drink, 'Mango Sip', is their flagship brand, which is focused towards customers based in semi urban and rural markets. They have also launched two new brands, 'Fruits Up' and 'Manpasand ORS'. Under the 'Fruits Up' brand, they offer fruit drinks and carbonated fruit drinks in different flavors like mango, apple, guava, litchi, orange and mixed fruit flavors, and under the 'Manpasand ORS' brand, they offer fruit drinks with energy replenishing qualities with a primary focus on North East India available in apple and orange flavors.
They have also commenced marketing in July 2014 the 'Pure Sip' brand of bottled water. Processed at a third party facility, they currently selectively distribute free bottles of 'Pure Sip' along with 'Mango Sip'. Company's manufacturing facilities located at Manjusar industrial estate of Gujarat Industrial Development Corporation, Vadodara, Gujarat ("Vadodara 1 Facility"), Karkhiyaon, Pindra estate of Uttar Pradesh State Industrial Development Corporation, Varanasi, Uttar Pradesh ("Varanasi Facility") and new facility located at Manjusar village, Savli, Vadodara, Gujarat ("Vadodara 2 Facility"), where they commenced commercial production from April 2015.
Manpasand Beverages have a wide distribution network that as on March 31, 2015, includes 73 consignee agents and 654 distributors spread across 24 states in India to whom they sell directly. They also sell directly to Indian Railway Catering and Tourism Organization ("IRCTC") approved vendors.
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31-Jul-14 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Income | 1,461.39 | 2,943.58 | 2,405.63 | 861.36 |
| Profit After Tax (PAT) | 150.79 | 205.00 | 223.71 | 60.95 |
| KPI | Values |
|---|---|
| RoNW | 21.73% |
The object of the issue are to:
1. Setting-up of a new manufacturing facility in the state of Haryana/Punjab;
2. Modernization of existing manufacturing facilities i.e. Vadodara 1 Facility and Varanasi Facility;
3. Setting-up of a new corporate office at Vadodara;
4. Repayment/prepayment of certain borrowings availed by their Company; and
5. General corporate purposes.
[Dilip Davda] <p>However, if we annualized these earnings and attribute to its post IPO equity then asking price is at a P/E of 85 and is at a P/BV of 6 plus making it aggressively priced offer. Although it has no listed peers and is the first to go for listing with this kind of business module, it might attract fancy, but based on its pricing, it appears to be “High Risk/Low return” bet. Management has claimed that there are very few organized players in this segment that is growing at rate of 20% plus annually and MBL has a minor market share hence it hopes for bright prospects going forward.</p> <p>This IPO’s BRLMs’ mandates have mixed trends on performance post listing.</p> <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="color: red; font-family: 'Times New Roman','serif'; font-size: 12pt;">DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer. </span></strong></p> <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-family: Calibri; font-size: medium;">(Email: <a href="mailto:dilip_davda@rediffmail.com">dilip_davda@rediffmail.com</a>)</span></p> <p> </p> Read detail review...
| Listing Date | July 9, 2015 |
| BSE Script Code | 539207 |
| NSE Symbol | MANPASAND |
| ISIN | INE122R01018 |
| Final Issue Price | ₹320 per share |
| BSE Listing Group | B |
Manpasand Beverages Ltd.
E-62 Manjusar GIDC,
Savli Road,
Vadodara - 391775, Gujarat
Vadodara, Gujarat
Phone: +91-2667-264663/264733
Email: complianceofficer@manpasand.co.in
Website: http://www.manpasand.co.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: manpasand.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Manpasand Beverages IPO is a main-board IPO of 1,25,00,000 equity shares of the face value of ₹10 aggregating up to ₹400.00 Crores. The issue is priced at ₹320 per share. The minimum order quantity is 45.
The IPO opens on June 24, 2015, and closes on June 26, 2015.
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 Manpasand Beverages IPO using UPI as a payment gateway. Zerodha customers can apply in Manpasand Beverages IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manpasand Beverages IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manpasand Beverages IPO opens on June 24, 2015 and closes on June 26, 2015.
Manpasand Beverages IPO lot size is 45, and the minimum amount required for application is ₹14,400.
You can apply in Manpasand Beverages 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 Manpasand Beverages IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manpasand Beverages IPO allotment status.
The Manpasand Beverages IPO listing date is on Thursday, July 9, 2015.
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