Manaksia IPO Subscription begins on 17th December

Manaksia IPO is ready to enter the capital markets on the 17th of December, with an IPO of around1.54 crore equity shares of Rs. 2 each to be issued at a price band of Rs. 140 to Rs. 160. Manaksia IPO will constitute around 22 per cent diluted post issue paid up capital and the company has fixed the employees reservation at 1 lakh equity shares.Manaksia is a metal manufacturing company engaged in the production of multi branded products with facilities spread over different locations, the company plans to uses the funds raised through the IPO for Purchase of equipment and to pre pay the debts. Manaksia IPO BRLM is ICICI Securities Limited and the shares are to be listed on the BSE and the NSE with currently the shares trading on the CSE. Manaksia IPO closes on the 19th of December, 2007. For more information and updates on the Manaksia IPO Subscription and Manaksia IPO Allotment do visit us regularly.

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