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December 16, 2007

Manaksia Limited – IPO

Manaksia Limited

Period 

17 to 19 Dec 2007

Size (Equity shares)

15,500,000

Reserved for Retail 

5,390,000 (35%)

Type 

100% Book Building 

Face Value 

Rs. 2- 

Price Range 

Rs 140 to 160

Market Lot 

40 Shares

Max shares Retails investor can apply at cut off

160 shares (Rs.96000)

Registrar 

Intime Spectrum Registry Ltd

Registrar's email 

Manaksia.ipo@intimespectrum.com

Lead Manager 

ICICI SECURITIES LIMITED.

Listing 

BSE, NSE, CSE

Grading 

Already listed company

About the company 

Manaksia is a multi division and multi location company focusing on manufacturing of value added metal products and metal packaging products. Manaksia commenced operations as manufacturer of metal closures in 1984 but has diversified their business into metal products and mosquito coil. The company has fifteen manufacturing units in India and three abroad; two in Nigeria and one in Ghana. Their business can be categorized into (a) metal products; (b) packaging products; (c) mosquito coils; and (d) engineering and others. Their metal products include aluminium alloy ingots, rolled sheets/coils, galvanized steel sheets/coils, color coated metal sheets and Sponge Iron. Their packaging products comprise of ROPP caps, crown closures, plastic caps and metal containers. The company are a third party manufacturer of mosquito coils for reputable brands.

Objects of the Issue

(a) expansion of metals business by purchase of capital equipment, (b) prepayment of certain term debt and (c) for general corporatepurposes.

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