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Magnum Ventures Limited IPO (Magnum Ventures IPO) Detail

August 27, 2007 - August 30, 2007

Magnum Ventures IPO is a book built issue of Rs 52.92 crores.

Magnum Ventures IPO bidding started from August 27, 2007 and ended on August 30, 2007. The shares got listed on BSE, NSE on September 20, 2007.

Magnum Ventures IPO price band is set at ₹27 to ₹30 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Srei Capital Markets Ltd is the book running lead manager of the Magnum Ventures IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Magnum Ventures IPO RHP for detailed information.

Magnum Ventures IPO Details

IPO Date August 27, 2007 to August 30, 2007
Listing Date September 20, 2007
Face Value ₹10 per share
Price Band ₹27 to ₹30 per share
Lot Size 200 Shares
Total Issue Size17,640,750 shares
(aggregating up to ₹52.92 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Magnum Ventures IPO Lot Size

Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 200 ₹6,000
Retail (Max) 33 6600 ₹198,000
Lot Size Calculator

About Magnum Ventures Limited

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.

MVL is running successfully for 25 years and generating cash profits. The Company has registered a turnover of Rs. 8090.72 lakhs and PAT of Rs. 810.06 lakhs for the financial year 2005-06.

Objects of the Issue (Magnum Ventures IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. To modernize its production facilities of its Paper Unit II and III by technological upgradation including replacement of plant and machinery with regard to manufacturing of duplex board, writing and printing paper, and allied sections such as chemicals and Fibre Recovery Section, Recycling of Backward Sysytem etc., at a project cost of Rs 50 Crore ;
2. To venture into hospitality industry by setting up a 4 Star Business Hotel with 212 rooms, conference halls, food & beverages and other facilities, at a project cost of Rs. 102.63 crores.


Magnum Ventures IPO Subscription Status (Bidding Detail)

The Magnum Ventures IPO is subscribed 2.95 times on August 30, 2007 5:00:00 PM. The public issue subscribed 3.39 times in the retail category, 2.34 times in the QIB category, and 3.92 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Magnum Ventures IPO Prospectus

Magnum Ventures IPO Rating

120
3.7
Rating:Rated 3.7 stars
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Magnum Ventures IPO Listing Details

Listing Date September 20, 2007
BSE Script Code 532896
NSE Symbol MAGNUM
ISIN INE387I01016
Final Issue Price ₹30 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹30.00
₹36.95
₹36.95
₹66.70
₹48.70
NSE
₹30.00
₹36.80
₹35.70
₹66.90
₹49.40

Check IPO Performance…

Magnum Ventures Limited Contact Details

Magnum Ventures Limited
Magnum Ventures Limited,
3/4326, Ansari Road,
Daryaganj, New Delhi - 110 002 India
Phone: 011 23262983
Email: ipo@magnumventures.in
Website: http://www.magnumventures.in

Magnum Ventures IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Magnum Ventures IPO - Buy or Not

Magnum Ventures IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Magnum Ventures IPO FAQs

Magnum Ventures IPO is a main-board IPO of 17,640,750 equity shares of the face value of ₹10 aggregating up to ₹52.92 Crores. The issue is priced at ₹27 to ₹30 per share. The minimum order quantity is 200 Shares.

The IPO opens on August 27, 2007, and closes on August 30, 2007.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Magnum Ventures IPO opens on August 27, 2007 and closes on August 30, 2007.

Magnum Ventures IPO lot size is 200 Shares, and the minimum amount required is ₹6,000.

You can apply in Magnum Ventures IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Magnum Ventures IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Magnum Ventures IPO allotment status.

The Magnum Ventures IPO listing date is on September 20, 2007.
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Magnum Ventures IPO Message Board

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39 Comments

39. COLIN |   Link |  Bookmark |November 15, 2007 6:01:24 PM
MAGNUM VENTURES LTD CURRENTLY TRADING AT (FLUCTUATING) RS 18.50-20 IS MUCH BELOW ITS IPO ALLOTMENT PRICE OF RS 30 HOWVR TO NOTE THAT THE STOCK HAS ALSO REACHED A HIGH OF RS 66.90 AND HAD BEEN OVERSUBSCRIBED.THIS COMPANY IS INTO PAPER MANUFACTURE BUT IS ALSO DIVERSIFYING INTO HOTEL INDUSTRY
38. shivakumar |   Link |  Bookmark |October 21, 2007 10:58:32 PM
im having magnum at 58 can i hold for shortterm or longterm or hav to sel pls tell
37. rams |   Link |  Bookmark |October 5, 2007 7:39:13 PM
Never buy junk stocks just beccz you made money or two times. Powergrid is a good buy below 95.
36. SM |   Link |  Bookmark |October 1, 2007 11:00:50 AM
I have purchased Magnum ventures ar 36.5 and after that it moved down upto 32.25. Should i hold this stock at 36.5. I mean is there any good chance of appreciation now....
35. irfan |   Link |  Bookmark |September 26, 2007 2:42:46 PM
Can anyone tell me at what price pgcil will list and for how many times i should hold it.I can hold maximum till november 15th.should i hold it or not.Pls guide me specially
gappoo
34. Ambu |   Link |  Bookmark |September 21, 2007 12:14:37 AM
Hi buddyz.
Good Stock to invest. Lot of Foreign investors pick the
stock. Incredible capacity of paper prodcution of
90000 TPA. Venturing into Hotel biz near Ashardham Temple, Delhi. Good results indeed last year. Huge return in long
term. Already tocuhes double the listing price. May test
new highs.
33. sanjaykavi |   Link |  Bookmark |September 20, 2007 7:10:46 PM
Dear all friends of forum/blog,and all rajas,
In this blog all grey market expers says that Magnum venture will list at discount or only at a premium of rs. 2 to 3 but today all have seen and all ballons of bogus talk burst.
Mere dosto please advice if u are strong else be quite but please do not misguide any one as many new commers are using this blog and make dicisons regarding investment in IPO.
I also request all readers of this blog not to make full trust on any comment and think your self and than go to invest your very important money otherwise u may have to loose your earning opportunity as well as chances to loose money.
SORRY FOR REAL GOOD ADVISORS And request for half knowledge advisors to once read this comment.
thanks for reading
32. manu |   Link |  Bookmark |September 20, 2007 4:19:15 PM
I am holding magnum at Rs 60. Will i get good profit if i
am holding this stock for 3 months.
31. Rahul |   Link |  Bookmark |September 20, 2007 4:15:44 PM
HI GUYS..
IT IS GOOD TO ENTER MAGNUM EVEN AT 55-60 LEVELS. FII ARE
KEEN IN INVESTING CERTAIN STOCKS THAT ARE IN GOOD
MOMENTUM. IT WILL SURE MOVE SURPRISINGLY.

TNX.
30. Jacob |   Link |  Bookmark |September 20, 2007 4:11:22 PM
What a stock yaar?? The prediction about the stock which
will open up with discounts from some media and
fundamentalists proved baseless. Good scope for paper
manufacturing in india. Venturing into other biz also will take this stock to new high around Rs 75 very soon.
29. Pradeep |   Link |  Bookmark |September 20, 2007 3:42:34 PM
Can Any body told me that now Magnum go to 60 or not?
28. prasad |   Link |  Bookmark |September 20, 2007 1:42:49 PM
thanks chittorgarh ipo , it really helps small investors, for ex. take thi magnum, money dobuled on listing day itslef. thanks a lot
27. Gapoo |   Link |  Bookmark |September 20, 2007 11:03:45 AM
hai chittorgarh team you were posting messages yourself and according to your knowledge you were best but i proved all of u wrong mind you, i have made fortune in sel mfg. co. and indo wind and read my last messages where i recommended to apply indo wind with megnum venture where " I told all the investor to apply furiously because there is definite operator interest and so called SEBI is mute spectator, I know how and when operator start doing things of their own, simple theory they cornered the third grade public issue by colluding with the Management and then sold at hefty premium, everybody is happy including those who applied in these 3rd grade issues. so preeti, priya, rishi did i make you happy today,
26. NITIN A SHAH |   Link |  Bookmark |September 20, 2007 3:17:05 AM
Any body tell me listing of power grid listing date and
also tell me allotment status.
25. JK |   Link |  Bookmark |September 20, 2007 1:13:46 AM
Magnum will open with a discount of Rs 5/- and will trade
between 25-32 levels. Book profit while on listing itself
if any.
24. nilesh |   Link |  Bookmark |September 20, 2007 12:19:08 AM
hi, in this bull phase we will see 40 in this counter tomorrow so be ready to buy
23. MAHESH |   Link |  Bookmark |September 19, 2007 6:36:45 PM
HI,
ANY INVESTOR APPIED MAGNUM IPO APLICATION THIS IPO LIST NSE AND BSE DATE 20-09-2007. I THOUGHT THIS IPO LIST 30 FV
AND PREMIUM 5 RS TO 6 RS . TOTAL 35 TO 36 RS.
22. TIMTIM |   Link |  Bookmark |September 19, 2007 6:24:27 PM
LISTING ON 20TH. SELL ONCE AFTER 30 MINT.OF LISTING, BUY DOUBLE. SELL
ALL AFTER 3 HOURS. RESULT= PROFIT 3 TIMES
21. Hitesh |   Link |  Bookmark |September 18, 2007 5:41:46 PM
Any one tell me listing date of Magnam.Its Urgent.
20. rakesh |   Link |  Bookmark |September 14, 2007 5:44:50 PM
any body received refund order of magnum venture ?
kindly let me know when we receive refund order of magnum ventures.