Wednesday, June 17, 2015

Manpasand Beverages IPO to open on Jun 24th Beverages Ltd is entering in the capital markets with an initial public offering, IPO aggregating Rs. 400.00 Crore. The price band for the issue has been fixed at Rs 290/- at lower level and Rs 320/- at upper level. The minimum bid lot is 45 equity shares and in multiples of 45 equity shares thereafter.

 Manpasand Beverages Ltd is a Gujrat based fruit drink manufacturing company primary focus on mango based fruit drink under the brand name 'Mango Sip'. They have also launched two new brands, 'Fruits Up' and 'Manpasand ORS'. Those products available in different sizes and different flavors like mango, apple, guava, litchi, orange and mixed fruit. They have a wide distribution network includes 73 consignee agents and 654 distributors spread across 24 states in India. Company's manufacturing facilities located at Vadodara, Dehradun and Varanasi.

The issue opens on Jun 24, 2015 and closes for subscription on Jun 26, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).