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Manaksia Limited IPO (Manaksia IPO) Detail

Dec 17, 2007 - Dec 19, 2007

Incorporated in 1984, Manaksia Limited (formerly Hindusthan Seals Ltd.) 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 business can be categorized into metal products; packaging products; mosquito coils; and engineering and others. Metal products include aluminium alloy ingots, rolled sheets/coils, galvanized steel sheets/coils, color coated metal sheets and Sponge Iron. Packaging products comprise of ROPP caps, crown closures, plastic caps and metal containers.

The company was promoted by Basant Kumar Agrawal and Suresh Kumar Agrawal. Presently, Basant Kumar Agrawal is the Managing Director of the Company. It is headquartered in Kolkata, India, and its shares are listed on the Calcutta Stock Exchange.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Expansion of metals business by purchase of capital equipment;
2. Prepayment of certain term debt;
3. To meet the expenses of the Issue;
4. For General Corporate Purpose;
5. To meet the long term working capital requirements of the Company.

Manaksia IPO Details

IPO Opening Date Dec 17, 2007
IPO Closing Date Dec 19, 2007
Issue Type Book Built Issue IPO
Face Value ₹2 per equity share
IPO Price ₹140 to ₹160 per equity share
Market Lot 40 Shares
Min Order Quantity 40 Shares
Listing At BSE, NSE
Issue Size15,500,000 Eq Shares of ₹2
(aggregating up to ₹248.00 Cr)

Manaksia IPO Lot Size

The Manaksia IPO market lot size is 40 shares. A retail-individual investor can apply for up to 31 lots (1240 shares or ₹198,400).

Application Lots Shares Amount (Cut-off)
Minimum 1 40 ₹6,400
Maximum 31 1240 ₹198,400

Manaksia IPO Subscription Status (Bidding Detail)

The Manaksia IPO is subscribed 8.98 times on 12/19/2007 5:00:00 PM. The public issue subscribed 5.09 times in the retail category, 13.70 times in the QIB category, and 2.73 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Manaksia IPO Prospectus

Manaksia IPO Rating

266
2.8
Rating:Rated 2.8 stars
Vote Here ...

Manaksia IPO Listing Date

Listing Date Thursday, December 26, 2019
BSE Script Code
NSE Symbol
Listing In
ISIN
IPO Price ₹160 per equity share
Face Value ₹2 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹160.00
₹200.00
₹161.55
₹248.70
₹168.10
NSE
₹160.00
₹175.30
₹161.70
₹212.00
₹167.70

Company Contact Information

Manaksia Limited
Bikaner Building, 3rd Floor,
8/1 Lal Bazar Street,
Kolkata 700001, India
Phone: +91-3322-210050
Email: info@manaksia.com
Website: http://www.manaksia.com

Manaksia IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: manaksia.ipo@intimespectrum.com
Website: https://linkintime.co.in/

Manaksia IPO Reviews / Ratings

  • Keynote Capitals Ltd - May apply
  • KR Choksey Securities Ltd - Apply
  • Smart Investments Ltd - May apply
  • S P Tulsian - Apply

Manaksia IPO FAQs

Manaksia IPO is a main-board IPO of 15,500,000 equity shares of the face value of ₹2 aggregating up to ₹248.00 Crores. The issue is priced at ₹140 to ₹160 per equity share. The minimum order quantity is 40 Shares.

The IPO opens on Dec 17, 2007, and closes on Dec 19, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Manaksia IPO opens on Dec 17, 2007 and closes on Dec 19, 2007.

Manaksia IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.

You can apply in Manaksia 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 Manaksia IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manaksia IPO allotment status.

The Manaksia IPO listing date is on Thursday, December 26, 2019.

Manaksia IPO Message Board

Ranked Members  Ranked Members

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476 Comments

476. rajesh |Mar 2, 2008 6:43:02 PM
what will be approx. rate of manfasia till the end of month march
475. Raj TSS |Jan 28, 2008 6:59:25 PM
Manaksia Q3 results came ?
Date is 28/01/2008

I am waiting for results to shed these stocks hoping for target of 130 rs
474. JAGAN |Jan 25, 2008 12:13:01 PM
DEAR FRIENDS,
ALL THESE IPOs COLLECTING MONEY AND PULLING THEIR POCKETS.
HIGHLY OVERVALUED IPOs. BECAUSE OF MARKET, THEY WERE PRICED HIGH
I HOLD 100 MANAKSIA SHARES AT AN AVERAGE COST OF 162/-
MY LOSS NOW AT RS.6000/- APROX. MORE THAN 40%. AS WE HARDLY
GET THESE SHARES IN IPOs I DID NOT SELL FOR SHORT RETURN.

ANY WAY RS.2/- FACE VALUE SHARE @ 160/- IS VERY HIGH, SIMILARLY
SO MANY OTHER COMPANIES ARE ALSO CHEATING.

THE ONLY THING WE THE RETAIL INVESTORS CAN TEACH LESSON IS:

WE HAVE TO STAY AWAY TOTALLY FROM THESE HIGH RATED IPOS
I AM SURE ALL IPOS WILL FAIL, AND THERE WILL BE A REVISION IN
PRICES. STAY AWAY WITH MGF ALSO.

JAGAN
473. Amar |Jan 22, 2008 10:42:00 AM
Dear Adarsha

I M NRI, & from USA, I know exactly whats going on there.I m warning all my close friends about subprime, I know the depth bof Subprime...........

AGAIN PRIME PROBLEM WILL START IN FEW MONTHS.....THAT WILL BE HORRIBLE.....NO DOUBT INDIAN ECONOMY IS VERY STRONG & OUR GDP ABOVE 8 will help us to survive

Start buyiing 20% of yr fund,if today's fall is morethan 500 points

472. adarsha |Jan 21, 2008 11:10:35 PM
Hi Amar,

I realy appriciate your concern and the kind of advise given,
But you failed in my eyes because you never mention about the market crash in your comments before.

And you always mentioned about the week fundamentals of this co.
So to support that do you have any info in hand ( Pls apart from QIB's withdrawing, Chairman Died etc.....)

If you have calculated the fair value of this share pls Let us know.
Very curious to know on what basis you have given the prediction and also show every body that your prediction come to truth not because of Fluke.

It will really help people in your absence also.............

471. Amar |Jan 21, 2008 5:51:37 PM
Dear Raki

Its not u won or i , I m against the Cheaters who fill their pocket with our hard earned money.

I lost enough money caz of poor knowledge ppl earlier (1994-96)
so just guiding people.....

Again be careful this year, Many cheaters are in lane

470. raki |Jan 21, 2008 5:36:02 PM
amar, sorry for the interruption.. congrats you won...
you won because of the market situation but not because of manaksia :-). i am not really don't know much about this company but when i was going through some of the links came to know that it is a good company.
any idea, when the market will stabilize?

469. Amar |Jan 21, 2008 4:56:02 PM
Dear Tanushree(454)

U trapped our innocent friends

refer my coments
462. Amar (220.224.76.46) 1/16/2008 10:18:25 AM IST Report Spam!
best buy 95-102.......stay away
467. Amar (220.224.98.3) 1/17/2008 7:17:10 PM IST Report Spam!
Small loss is profit than heavy loss.......msg for stpd ppl canvacing to buy
468. raki |Jan 18, 2008 5:10:11 PM
friends any idea about date of manaksia's q3 results?
467. Hardik |Jan 17, 2008 11:37:13 PM
Hi friends....

I have been allotted 136 shares in manaksia ltd. but till today shares have not been credited to my demate account. What to do?
I have been sending email to intime spectrum but there is no reply from their end. Any suggestions??? Will have to file a complain in Sebi now..
Please reply...
466. Amar |Jan 17, 2008 8:17:10 PM
Small loss is profit than heavy loss.......msg for stpd ppl canvacing to buy
465. Jaykumar Nair |Jan 17, 2008 1:25:51 PM
Manaksia sure will reach beyond 260 within few days, sure, this is the only one best profit making metal products; packaging products; mosquito coils; and engineering and others. Metal products include aluminium alloy ingots, rolled sheets/coils, galvanized steel sheets/coils, color coated metal sheets and Sponge Iron. Packaging products comprise of ROPP caps, crown closures, plastic caps and metal containers.Huge profit, u c the market now, even down, manaksia going up.


464. Jaykumar Nair |Jan 17, 2008 1:21:39 PM
buy,buy,Manaksia, huge profit making, it will reach 260 within few days.Then 350,
463. ipo expert |Jan 17, 2008 1:35:18 AM
when the hype surrounding rel power and future will get over this stock will start moving upwards.dont worry.
nowdays people dont value P/E but some day or other it will come to its correct P/E
462. Raki |Jan 16, 2008 3:21:35 PM
Every day i am coming to office just by thinking that at least today Manaksia will go up and i can minimise my losses. I never seen such a bad share in my life. I agree market is donw and all the share prices are going down. But if i compare with other shares, in the past they went up and now going towards down because of market conditions. But from the day1 of listing i never seen Manaksia in +ve% and all the time -ve% only. TOday it went down almost by 7.5%. I know lot of people who invested in this stock are in big loss and in tense. On the listing day on BSE it's highest price was 248 and today 128, which is almost 50% loss. And if i average it from 08Jan08, daily it is reducing by 7%. Unless the management of Manaksia takes some positive actions it is going to pickup it's price.
461. Amar |Jan 16, 2008 11:18:25 AM
best buy 95-102.......stay away
460. AllTec |Jan 16, 2008 3:50:20 AM
What Manaksia is doing? sahi waat laga dega
459. Raj TSS |Jan 15, 2008 7:58:28 PM
Manaksia is over prised? despite of good Fundamentals why it is trading so low ?
458. Raj TSS |Jan 15, 2008 7:54:25 PM
when to average manaksia? Is it right time to Average?
what is target price after 10 days.
I am worried if it goes down below 100 Rs , I will be again in trouble.
457. N. K. Jain |Jan 15, 2008 3:43:48 PM
I think you should sell and buy Bharti Airtel at these levels hope your loss might get recover