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.
Mr. Dhirendra Singh is the individual Promoter of the Company.
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31-Jul-14 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Income | 1,461.39 | 2,943.58 | 2,405.63 | 861.36 |
| Profit After Tax (PAT) | 150.79 | 205.00 | 223.71 | 60.95 |
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.
| IPO Opening Date | Jun 24, 2015 |
| IPO Closing Date | Jun 26, 2015 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹290 to ₹320 per equity share |
| Market Lot | 45 Shares |
| Min Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹400.00 Cr) |
The Manpasand Beverages IPO market lot size is 45 shares. A retail-individual investor can apply for up to 13 lots (585 shares or ₹187,200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 45 | ₹14,400 |
| Maximum | 13 | 585 | ₹187,200 |
The Manpasand Beverages IPO is subscribed 1.40x times on Jun 26, 2015 19:50. The public issue subscribed 1.16x in the retail category, 1.98x in the QIB category, and 0.38x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 1.98x |
| NII | 0.38x |
| RII | 1.16x |
| Total | 1.40x |
| Listing Date | Thursday, July 9, 2015 |
| BSE Script Code | 539207 |
| NSE Symbol | MANPASAND |
| Listing In | B Group of Securities |
| ISIN | INE122R01018 |
| IPO Price | ₹320 per equity share |
| Face Value | ₹10 per equity share |
|
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Manpasand Beverages Ltd
E-62 Manjusar GIDC,
Savli Road,
Vadodara - 391775, Gujarat
Phone: +91-2667-264663/264733
Email: complianceofficer@manpasand.co.in
Website: http://www.manpasand.co.in
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: manpasand.ipo@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 45 Shares.
The IPO opens on Jun 24, 2015, and closes on Jun 26, 2015.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Manpasand Beverages IPO opens on Jun 24, 2015 and closes on Jun 26, 2015.
Manpasand Beverages IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.
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, Edelweiss, 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.
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