Monday, August 13, 2007

Magnum Ventures Limited IPO Opening on Aug 27

Hi Friends,

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.

Magnum Ventures Limited is entering the capital markets with an initial public offering, IPO of 1,76,40,750 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 27/- at lower level and Rs 30/- at upper level for equity share of Rs 10. The issue opens on Aug 27, 2007, and closes for subscription on Aug 30, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about Magnum Ventures Limited IPO.

Kris Team