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.
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.
| IPO Date | Aug 27, 2007 - Aug 30, 2007 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 17,640,750 Eq Shares of ₹10 (aggregating up to ₹52.92 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹27 to ₹30 Per Equity Share |
| Market Lot | 200 Shares |
| Min Order Quantity | 200 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 200 | ₹6,000 |
| Maximum | 33 | 6600 | ₹198,000 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
Aug 30, 2007 17:00 | 2.34x | 3.92x | 3.39x | 2.95x | ||
| Listing Date | Thursday, September 20, 2007 |
| BSE Script Code | 532896 |
| NSE Symbol | MAGNUM |
| Listing In | B1 |
| ISIN | INE387I01016 |
| IPO Price | ₹30 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
|
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
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 price of the IPO is ₹27 to ₹30 Per Equity Share. The minimum order quantity is 200 Shares per application and the offer type is Book Built Issue.
The IPO opens on Aug 27, 2007 and closes on Aug 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 Aug 27, 2007 and closes on Aug 30, 2007.
Magnum Ventures IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Magnum Ventures IPO lot size is 200 Shares and the minimum order quantity is 200 Shares.
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