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Manjushree Extrusions Ltd FPO (Manjushree FPO) Detail

January 31, 2008 - February 6, 2008

Manjushree FPO is a fixed price issue of Rs 23.07 crores.

Manjushree FPO bidding started from January 31, 2008 and ended on February 6, 2008. The shares got listed on BSE on February 28, 2008.

Manjushree FPO price is ₹45 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹6,750.

Centrum Capital Limited is the book running lead manager of the Manjushree FPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Manjushree FPO RHP for detailed information.

Manjushree FPO Details

IPO Date January 31, 2008 to February 6, 2008
Listing Date February 28, 2008
Face Value ₹10 per share
Price ₹45 per share
Lot Size 150 Shares
Total Issue Size5,126,100 shares
(aggregating up to ₹23.07 Cr)
Issue Type Fixed Price Issue FPO
Listing At BSE
Share holding pre issue4,210,800
Share holding post issue13,547,700

Manjushree FPO Lot Size

Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 150 ₹6,750
Retail (Max) 29 4350 ₹195,750
Lot Size Calculator

Manjushree FPO Promoter Holding

Share Holding Pre Issue 68.28%
Share Holding Post Issue 42.44%

About Manjushree Extrusions Ltd

Incorporated in 1987, Manjushree Extrusions Limited (MEL) is in the business of manufacturing specialty plastic packaging products mainly containers and Jars for Multinational Companies in FMCG, Pharma, Food Processing and Agrochemical sectors.

The Equity Shares of the Company are already listed on Gauhati Stock Exchange (GSE), Calcutta Stock Exchange Association (CSE) and Ahmedabad Stock Exchange (ASE).

Manjushree Extrusions market its product under the brand names ‘POLYPET’, ‘DURAFLEX’ and ‘THERMOPET’. The major clients of the Company include Hindustan Lever, Nestle, Cadbury, Britannia, Glaxo Smith Kline, P&G, Coca Cola, Tata Tea, Goodricke Group, McLeod, Godrej, Nutrine, Wrigley’s, Parry’s, Heinz, P&G, Reckitt etc.

Key Performance Indicator

Objects of the Issue (Manjushree FPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. To expand and diversify its operations by setting up facilities for manufacture of Speciality Plastic Containers and PET Preforms;
2. To meet the Working Capital Margin requirement for the proposed project.

Manjushree FPO Prospectus

Manjushree FPO Rating

350
2.5
Rating:Rated 2.5 stars
Vote Here ...

Manjushree FPO Listing Details

Listing Date February 28, 2008
BSE Script Code 532950
NSE Symbol
ISIN INE435H01015
Final Issue Price ₹45 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹45.00
₹48.00
₹47.00
₹66.00
₹52.70

Check IPO Performance…

Manjushree Extrusions Ltd Contact Details

Manjushree Extrusions Ltd
143-C5, Bommasandra Industrial Area,
Hosur Road,
Bangalore - 560099, India
Phone: +91-80-783347
Email: investor@manjushreeindia.com
Website: http://www.manjushreeindia.com

Manjushree FPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: mel@123alpha.com
Website: https://kosmic.kfintech.com/ipostatus/

Manjushree FPO - Buy or Not

Manjushree FPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Manjushree FPO FAQs

Manjushree FPO is a main-board FPO of 5,126,100 equity shares of the face value of ₹10 aggregating up to ₹23.07 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 150 Shares.

The FPO opens on January 31, 2008, and closes on February 6, 2008.

Kfin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE.

The Manjushree FPO opens on January 31, 2008 and closes on February 6, 2008.

Manjushree FPO lot size is 150 Shares, and the minimum amount required is ₹6,750.

You can apply in Manjushree FPO 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Manjushree FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manjushree FPO allotment status.

The Manjushree FPO listing date is on February 28, 2008.
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Manjushree FPO Message Board

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165 Comments

165. chiranji lal maheshwari |   Link |  Bookmark |May 16, 2008 11:04:16 PM
i want to know status of refund of non allotment of shares

applican no. 2720632
164. Siva |   Link |  Bookmark |April 8, 2008 9:42:15 PM
No chance of getting to issue price. Investors are betrayed by analysts and Company. While recent ipo were traded at 10 to 15% discount. This stock is being traded at 50% discount. Totally erosion of hard earned money.
163. Smart Investor |   Link |  Bookmark |March 20, 2008 6:41:55 PM
Actually great people like SP Tulsian mislead people.
Now they are silent.

In my analysis I had keep on telling it will go below 25/-.

Unfortunately persons like Kirthi Sundararajan posted a message saying that saying senn with "Own" eyes. Over and above called me 'Pseudo' means fake.

It is very easy to call some one fake. But open your eyes. Do not get mislead like this by the advise from "Tulsian" & statements of seen with "own" eyes (Keerthi).


I am sorry for all those investors who invested in this company.
Keep on asking Tulsian what do now? Atleast if he posts in his daily recommendations it may come back to 25/-.

Happy investing......
162. Rajesh |   Link |  Bookmark |March 19, 2008 8:07:42 PM
At ipo price of 45 Manjushree had a PE of 14.5 compared to its peers which had PE of 18 to 22, so it was fairly priced. Now thr price has gone down to 20, which means either those calculations were wrong or now the share is very attractive.
161. garibi mein aataa gila |   Link |  Bookmark |March 19, 2008 7:16:30 PM
manjushree ne to duba diya . its seems that it will go to Rs. 2-3
160. Siva |   Link |  Bookmark |March 15, 2008 3:51:04 PM
Hold Manjushree for 6 Months, I think you can get back to 53 level.
159. Smart Investor |   Link |  Bookmark |March 14, 2008 2:09:18 PM
Manjushree Latest Price 24.60

I am very sorry #159.
I can not advise you to book a loss of Rs.32,000/-.
May be you get back your money in 24-36 months, if you wait so patiently.

Ask Tulsian! he should keep on recommending this in his 'stock recommendations' column as he backs up this investment. This is the only way it can rise at least back to 35/-.

At least now onwards, do not blindly apply for IPOs.

Happy investing!


158. kamika |   Link |  Bookmark |March 13, 2008 11:26:47 PM
guide me for manjushree investment.
i bought 1105 share at 53.
now what i should do.
pl share with me
157. Supriya |   Link |  Bookmark |March 11, 2008 6:59:19 PM
Hello Smart Investors,

There is no one really smart investor in this markets.
But I do really appreciate 87.101.240.7.

Although I am a favourite of Shri SP Tulsian, I did not apply to Manjushree IPO just based on 'Smart Investor' recommendation. (Check Message #75 & 150)

By the way, #157, you need to be sportive. Nothing was told wrong on your part. If you 'truly' know about some stocks, start a blog. People will automatically recognise.

So, there is nothing to be serious.

Be happy......Keep visiting.........
Make our chittorgarh great going.......




156. Smart Investor |   Link |  Bookmark |March 11, 2008 5:47:03 PM
Dear Sir,
I will not say more. but check my calls WITH SAID "GAINS".
somebody is in problem with me b'coz i am using his name.

It's ok......i'll not come back if nobody interested with me.

bye dear ,IP Address: 87.101.240.7)

Happy investing.............NOW FOLLOW PICKS OF ONLY............IP Address: 87.101.240.7)B'COZ HE IS A VERY GOOD ANALYST......

VERY SMART INVESTOR......BYE





155. Smart Investor |   Link |  Bookmark |March 10, 2008 11:57:52 PM
Hey #153: If you want to suggest some stocks please open a blog and talk there whatever you like. This particular forum is only for IPOs. Don't make this forum problematic with your knowledge.

Note to everybody: Never buy from secondary market by seeing messages in this forum. (Also watch IP Address to confirm the identity of a person, not just by name)

Happy Investing.....

Best Regards,
Smart Investor (IP Address: 87.101.240.7)

154. Smart Investor |   Link |  Bookmark |March 9, 2008 11:56:27 PM
Hey (Message #153- Please note that 'All Caps messages' irritates readers)

Don't be foolish. As I told in my message at #152, this stock will never cross 50/- in the next 6 to 12 months.
Consider yourself lucky if it touches 45/- & simply get out of the stock.

That's it for now.

Happy investing.
153. Smart Investor |   Link |  Bookmark |March 8, 2008 3:27:58 PM
NEWS!!!!

MANJUSHREE EXTRUSION LTD. (MEL) COLLABORATING WITH FOREIGN LIQUOR CO. OF KOBRA BEER IN ORDER TO SUPPLY BEER BOTTELS &
POLYPACKS AS PACKING MATERILAS (SOURCE: RELATIVES OF COMPANY
EMPLOYEES OF BAGALORE).

DUE TO THIS A ONE ANOTHER
STOCK WHICH IS "MOUNT SHIVALIK (BSE#507522) WILL BE AFFECTED.
B'COZ MOUNT SHIV. ALSO SUPPLIES INDIAN MADE BEER AND IN THIS
SUMMER BEER CONSUMPTION WILL RISE.

SPECULATIVE ARE GOING TO PURCHASE IT.

SOME OF THE PERSON SAY THAT IT MAY RISE ONWARDS MONDAY.

AS I ALSO HAVE 50 SHARES OF MOUNT SHIVALIK AT 70/-

I THINK IT WILL BE VERY GOOD TIME TO SELL IF PRICE HIKES.

HAPPY INVESTING

SMART INVESTOR
152. Smart Investor |   Link |  Bookmark |March 5, 2008 8:33:22 PM
Don't be so greedy.

It will never cross 50/- in the next 6 to 12 months.
Consider yourself lucky if it touches 45/- & simply get out of the stock.

If you are a very long term investor (12-24 months), then you may get something near to bank interest.

That's it for now.

Happy investing.
151. S. SHARMA |   Link |  Bookmark |March 5, 2008 7:44:37 PM
Hey all small Investors!!!!
Don't fear this (MANJUSHREE ) stock. it will touch 90+ within 15-20 days i am sure.
though all of u have this suspense that right now its at below 35/- its only floor price i.e. FPO(RIght ISSUE) which is not indicative of current fall.

Now be sure and keep this stock in your possession.
150. Smart Investor |   Link |  Bookmark |March 4, 2008 10:25:58 PM

Manjushree - 34.95.

Where are you Keerthi Sundararajan?????
First know how to read ORDINARY Calculations, before simply commenting.
Get into flashback about my analysis & your comments.
=====================================================
76. Kirthi Sundararajan (122.167.180.77) 2/3/2008 12:22:04 PM IST Report Spam!
Hey Smart Investor, you have done quite a good analysis. But you see, Tulsian is different... he sees things that you cannot and that is why he is tulsian and you are just some fellow with a pseudo name of smart investor.

Dont mislead people with your ordinary financial calculations. I have seen this company with my own eyes and they are really good in what they do... they are a long term gainer

75. Smart Invetsor (87.101.244.8) 2/3/2008 10:18:26 AM IST Report Spam!
Dear Investors,

Read what SP Tulsian says:

"Topline for FY 07 was at Rs.80 crores, with EBITDA of Rs.8.71 crores, PAT of Rs.2.82 crores, resulting in an EPS of Rs.6.70. FY 6 months ending 30-09-07, topline was at Rs.32.26 crores with PAT of Rs.1.86 crores resulting in an EPS of Rs.8.85, on an annualized basis. Considering, FY 08 financial performance, shares are being issued at a PE multiple of about 5 times which are quite attractive."


My Analysis:

A profit of 1.86 crores for six months on post issue euity of around 13 crores will result in annualised EPS of around Rs. 3/- only. That means this FPO is priced at a PE of 15 not 5 as our Tulsian says. Some analysts like Tulsian become positive about a company and start talking every thing positive and in the process they will not reveal the truth.

Conclusion:

If market crashes by the time it lists (mostly it will happen), this stock will drop to Rs. 25/-. Even if market is good it may not go above 50/-.

Decide yourself. You want 10% profit with a risk of 50%.???

Happy investing.
149. Niraj |   Link |  Bookmark |February 29, 2008 12:05:13 AM
Hi Rishub Jain

Ok fine..also pls suggsted few good script for shot term say 1 month..

148. Rishub Jain |   Link |  Bookmark |February 28, 2008 8:25:12 PM
Hi Niraj,

Please give me 1 more day time. I am in regular contact with Stock exchange. But I am sure at lower price, they have resistance at 48 and can go upto 85 as resistance can be seen over there too. Please do not panic as this is reputed company and has already been listed before as well with 4 star ratings. So please cheersss..
Will get back to you soon as possible. Be updated to this website.
147. Niraj |   Link |  Bookmark |February 28, 2008 7:00:41 PM
Hi Rishab Jain

What happeb to this share? As you told that It will touch 150 Intra day..Any Guess..what is the target for this share for month of March..when it get shoot?
146. rangr |   Link |  Bookmark |February 28, 2008 3:09:14 PM
why price has fall down so early. Wt is the target in a month. should i sell 1000 shares at 50 Rs. price or hold for a month