Monday, December 10, 2007

Manaksia Limited - IPO opening on Dec 17

Incorporated in 1984, Manaksia Limited 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 is entering in the capital markets with an initial public offering, IPO of 15,500,000 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. 140/- at lower level and Rs. 160/- at upper level for equity share of Rs. 2/-. The issue opens on Dec 17, 2007, and closes for subscription on Dec 19, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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