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Manpasand Beverages Ltd IPO (Manpasand Beverages IPO) Detail

June 24, 2015 - June 26, 2015

Manpasand Beverages IPO is a book built issue of Rs 400.00 crores.

Manpasand Beverages IPO bidding started from June 24, 2015 and ended on June 26, 2015. The shares got listed on BSE, NSE on July 9, 2015.

Manpasand Beverages IPO price band is set at ₹290 to ₹320 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,400.

ICICI Securities Limited, Iifl Securities Ltd and Kotak Mahindra Capital Company Limited are the book running lead managers of the Manpasand Beverages IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Manpasand Beverages IPO DRHP for detailed information.

Manpasand Beverages IPO Details

IPO Date June 24, 2015 to June 26, 2015
Listing Date July 9, 2015
Face Value ₹10 per share
Price Band ₹290 to ₹320 per share
Lot Size 45 Shares
Total Issue Size[.] shares
(aggregating up to ₹400.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Manpasand Beverages IPO Reservation

Manpasand Beverages IPO offers 7,586,207 shares. 4,137,931 (54.55%) to QIB, 2,068,966 (27.27%) to NII, 1,379,310 (18.18%) to RII. 30,651 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,137,931 (54.55%)NA
NII (HNI) Shares Offered2,068,966 (27.27%)
Retail Shares Offered1,379,310 (18.18%)30,651
Total Shares Offered7,586,207 (100%)

Manpasand Beverages IPO Lot Size

Investors can bid for a minimum of 45 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 45 ₹14,400
Retail (Max) 13 585 ₹187,200
Lot Size Calculator

About Manpasand Beverages Ltd

Incorporated in 1997, Manpasand Beverages Ltd is a Gujrat based fruit drink manufacturing company primary focus on mango fruit, which is the leading flavor for juice drinks in India.

Company's mango based fruit drink, 'Mango Sip', is their flagship brand, which is focused towards customers based in semi urban and rural markets. They have also launched two new brands, 'Fruits Up' and 'Manpasand ORS'. Under the 'Fruits Up' brand, they offer fruit drinks and carbonated fruit drinks in different flavors like mango, apple, guava, litchi, orange and mixed fruit flavors, and under the 'Manpasand ORS' brand, they offer fruit drinks with energy replenishing qualities with a primary focus on North East India available in apple and orange flavors.

They have also commenced marketing in July 2014 the 'Pure Sip' brand of bottled water. Processed at a third party facility, they currently selectively distribute free bottles of 'Pure Sip' along with 'Mango Sip'. Company's manufacturing facilities located at Manjusar industrial estate of Gujarat Industrial Development Corporation, Vadodara, Gujarat ("Vadodara 1 Facility"), Karkhiyaon, Pindra estate of Uttar Pradesh State Industrial Development Corporation, Varanasi, Uttar Pradesh ("Varanasi Facility") and new facility located at Manjusar village, Savli, Vadodara, Gujarat ("Vadodara 2 Facility"), where they commenced commercial production from April 2015.

Manpasand Beverages have a wide distribution network that as on March 31, 2015, includes 73 consignee agents and 654 distributors spread across 24 states in India to whom they sell directly. They also sell directly to Indian Railway Catering and Tourism Organization ("IRCTC") approved vendors.

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
Total Income1,461.392,943.582,405.63861.36
Profit After Tax (PAT)150.79205.00223.7160.95

Objects of the Issue (Manpasand Beverages IPO Objectives)

The object of the issue are to:

1. Setting-up of a new manufacturing facility in the state of Haryana/Punjab;
2. Modernization of existing manufacturing facilities i.e. Vadodara 1 Facility and Varanasi Facility;
3. Setting-up of a new corporate office at Vadodara;
4. Repayment/prepayment of certain borrowings availed by their Company; and
5. General corporate purposes.

Manpasand Beverages IPO Review (May apply)

[Dilip Davda]  

However, if we annualized these earnings and attribute to its post IPO equity then asking price is at a P/E of 85 and is at a P/BV of 6 plus making it aggressively priced offer. Although it has no listed peers and is the first to go for listing with this kind of business module, it might attract fancy, but based on its pricing, it appears to be “High Risk/Low return” bet. Management has claimed that there are very few organized players in this segment that is growing at rate of 20% plus annually and MBL has a minor market share hence it hopes for bright prospects going forward.

This IPO’s BRLMs’ mandates have mixed trends on performance post listing.


DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.




Read detail review...

Manpasand Beverages IPO Subscription Status (Bidding Detail)

The Manpasand Beverages IPO is subscribed 1.40 times on June 26, 2015 7:50:00 PM. The public issue subscribed 1.16 times in the retail category, 1.98 times in the QIB category, and 0.38 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Manpasand Beverages IPO Prospectus

Manpasand Beverages IPO Rating

Rating:Rated 3.1 stars
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Manpasand Beverages IPO Listing Details

Listing Date July 9, 2015
BSE Script Code 539207
ISIN INE122R01018
Final Issue Price ₹320 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Manpasand Beverages Ltd Contact Details

Manpasand Beverages Ltd
E-62 Manjusar GIDC,
Savli Road,
Vadodara - 391775, Gujarat
Phone: +91-2667-264663/264733

Manpasand Beverages IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Manpasand Beverages IPO - Buy or Not

Manpasand Beverages IPO Recommendation Summary

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Members 0 0 0

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Manpasand Beverages IPO FAQs

Manpasand Beverages IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹400.00 Crores. The issue is priced at ₹290 to ₹320 per share. The minimum order quantity is 45 Shares.

The IPO opens on June 24, 2015, and closes on June 26, 2015.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Manpasand Beverages IPO opens on June 24, 2015 and closes on June 26, 2015.

Manpasand Beverages IPO lot size is 45 Shares, and the minimum amount required is ₹14,400.

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

The Manpasand Beverages IPO listing date is on July 9, 2015.
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Manpasand Beverages IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



75. Bullishbear |   Link |  Bookmark |July 17, 2015 8:04:43 PM
On fire today, up 3%
74. Bullishbear Bear |   Link |  Bookmark |July 17, 2015 12:01:27 PM
I''m amazed to see that Manpasand has not fallen below the IPO price of 320. selling pressure will increase once anchor investors start ing the shares
73. Bullishbear Bear |   Link |  Bookmark |July 16, 2015 7:14:50 PM
Need new page for Syngene IPO
72. mark bab |   Link |  Bookmark |July 13, 2015 11:20:03 AM (200+ Posts)
This new look of the site is pleasing.
However, there is one suggestion - can we include OFS list too on the website?
71. patel keyur |   Link |  Bookmark |July 10, 2015 3:15:18 PM
new ipo july che plzzzzzzzzzzzzzzzz
70. Gc |   Link |  Bookmark |July 9, 2015 6:03:13 PM
Manpasand will touch 630 very shortly. Retailers alloted only 15%
69. ABHISHEK AHMEDABAD |   Link |  Bookmark |July 9, 2015 1:54:26 PM
manpasand cr rate 342
69.1. patel keyur |   Link |  Bookmark |July 10, 2015 3:14:01 PM
new ipo plzzzzzzzzzzzzzzzzzzzzzz july ma new ipo che
68. IPOANALYSIS |   Link |  Bookmark |July 9, 2015 12:01:52 PM

67. amit ghosh |   Link |  Bookmark |July 9, 2015 11:15:15 AM
Manpasand is now trading below 300.
What next?

67.1. NKD |   Link |  Bookmark |July 9, 2015 11:19:40 AM
66. Prateek Jhunjhunwala |   Link |  Bookmark |July 9, 2015 10:39:13 AM
listing price?
65. IPOANALYSIS |   Link |  Bookmark |July 8, 2015 9:20:49 PM
Whatever may be the market condition this stock wil be hammered.
huge selling expected from all categories. fair value of stock is 120 rs.

sell on listing and same yourself.
65.1. PavanM |   Link |  Bookmark |July 22, 2015 11:08:53 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Fair value of stock is 120 rs!!! why is it going above its issue price and now at 380. Is every one else fool other than you. May we chittorgarh boarders know basis of your own valuation for Manpasand beverages 120 rs. Sir
64. prakash kundur |   Link |  Bookmark |July 8, 2015 8:10:56 PM
Sub : Listing of Equity Shares of Manpasand Beverages Limited (IPO)
In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading
Regulations Part A, it is hereby notified that the list of securities further admitted to dealings
on the National Stock Exchange (Capital Market segment) with effect from July 09, 2015 and
the designated security codes thereof shall be as specified in Annexure
63. NEMICHAND BOTHRA |   Link |  Bookmark |July 8, 2015 3:26:11 PM
62. creative |   Link |  Bookmark |July 8, 2015 1:58:59 PM
buy Eros international on every dip, co. is expecting to gain huge money from release of bajrangi bhai jaan next week. market is down today.
61. SAUMIL JAIN |   Link |  Bookmark |July 7, 2015 5:38:06 PM
60. Gc |   Link |  Bookmark |July 7, 2015 5:14:14 PM
Listing might 428
59. IPOANALYSIS |   Link |  Bookmark |July 6, 2015 8:59:44 PM

stock to reach 140 rs in 3 months.

very expensive stock even though not a market leader.
heavy selling expected from retailer and non inst. big issues.
so exit on listing day.
58. DEVINDER CHAUDHARY |   Link |  Bookmark |July 6, 2015 2:07:53 AM
manpasnd will list at300/- at 20/- discount
57. Maa Zaki |   Link |  Bookmark |July 4, 2015 2:40:34 PM
Applications amount widrawn from Account @320
Allotment status not showing in Karvy website ?
Not Updated
56. Maa Zaki |   Link |  Bookmark |July 3, 2015 2:26:27 AM
When is listing date