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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 Opening Date | Aug 27, 2007 |
| IPO Closing Date | Aug 30, 2007 |
| Issue Type | Book Built Issue IPO |
| 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 |
| Issue Size | 17,640,750 Eq Shares of ₹10 (aggregating up to ₹52.92 Cr) |
The Magnum Ventures IPO market lot size is 200 shares. A retail-individual investor can apply for up to 33 lots (6600 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 200 | ₹6,000 |
| Maximum | 33 | 6600 | ₹198,000 |
The Magnum Ventures IPO is subscribed 2.95 times on Aug 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)
| Category | Subscription (times) |
|---|
| Listing Date | Thursday, September 20, 2007 |
| BSE Script Code | 532896 |
| NSE Symbol | MAGNUM |
| Listing In | B1 Group of Securities |
| ISIN | INE387I01016 |
| IPO Price | ₹30 per equity share |
| Face Value | ₹10 per equity share |
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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
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 is priced at ₹27 to ₹30 per equity share. The minimum order quantity is 200 Shares.
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 lot size is 200 Shares and the minimum order quantity is 200 Shares.
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, Edelweiss, 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.
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