Manpasand Beverages' QIPs to boost share prices
DSIJ Intelligence / 28 Sep 2016
Manpasand Beverages has come with Qualified Institutional Program (QIP) to raise around 400 crores with 100 crores Greenshoe option. The floor price for the issue is fixed at Rs 716.09 per share.
Manpasand Beverages has come with Qualified Institutional Program (QIP) to raise around 400 crores with 100 crores Greenshoe option. The floor price for the issue is fixed at Rs 716.09 per share. The company has informed bourses that a meeting of QIP Committee of the company is scheduled to be held on September 30, 2016, to consider the final course of action of the issue. Motilal Oswal is the banker for Manpasand Beverages QIP.
Shares of the company in the last 3 months have surged by 37 per cent. In the last 6 months’ shares have given a return of 71 per cent. Fifty-two week high/low stands at Rs 764.80/370.The shares of the company on September 28 opened at Rs 769.70, up by 3.81 per cent.
Manpasand Beverages is an India based company which carries on business to manufacture consumer products, including packed foods, food ingredients, powders, pastes, beverages, juices, jams, jelly, squashes, pickles, sausages, edible oil flavoured drinks, health and diet drinks and all items related to food, nutrition and medicinal purpose.
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