IPO Watch: Manaksia

posted by   aryan (109)   11 months ago (123sensex.blogspot.com)

Losing Focus Company: Manaksia Issue Size: Rs 217-248 crore Price band: Rs 140-160 Date: December 17-19, '07 Manaksia, a company with diversified business lines, has hit the IPO lane to fund capacity expansion and retire high-cost debt. The company is offering 15.5 million equity shares of face value Rs 2 each. Post-issue, the promoter holding will reduce from 74.8% to 58.1%. BUSINE