Manpasand Beverages Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 9,375,000 (75%) | — | ₹30,000 Cr |
| NII (HNI) | — | 1,875,000 (15%) | — | ₹6,000 Cr |
| Retail | — | 1,250,000 (10%) | — | ₹4,000 Cr |
| Σ Total | — | 12,500,000 (100%) | — | ₹400,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,400 |
| Retail (Max) | 13 | 585 | ₹187,200 |
| S-HNI (Min) | 14 | 630 | ₹201,600 |
| B-HNI (Min) | 67 | 3,015 | ₹964,800 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Jul-14 | 31-Mar-14 | 31-Mar-13 |
|---|---|---|---|
| Revenue | 146 | 294 | 241 |
| Profit After Tax | 15 | 21 | 22 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1. Setting-up of a new manufacturing facility in the state of Haryana/Punjab; –
- 2. Modernization of existing manufacturing facilities i.e. Vadodara 1 Facility and Varanasi Facility; –
- 3. Setting-up of a new corporate office at Vadodara; –
- 4. Repayment/prepayment of certain borrowings availed by their Company; and –
- 5. General corporate purposes. –
Company Overview
Incorporated in 1997, Manpasand Beverages Ltd is a Gujrat based fruit drink manufacturing company primary focus on mango fruit, which is the leading flavor for juice drinks in India.
Company's mango based fruit drink, 'Mango Sip', is their flagship brand, which is focused towards customers based in semi urban and rural markets. They have also launched two new brands, 'Fruits Up' and 'Manpasand ORS'. Under the 'Fruits Up' brand, they offer fruit drinks and carbonated fruit drinks in different flavors like mango, apple, guava, litchi, orange and mixed fruit flavors, and under the 'Manpasand ORS' brand, they offer fruit drinks with energy replenishing qualities with a primary focus on North East India available in apple and orange flavors.
They have also commenced marketing in July 2014 the 'Pure Sip' brand of bottled water. Processed at a third party facility, they currently selectively distribute free bottles of 'Pure Sip' along with 'Mango Sip'. Company's manufacturing facilities located at Manjusar industrial estate of Gujarat Industrial Development Corporation, Vadodara, Gujarat ("Vadodara 1 Facility"), Karkhiyaon, Pindra estate of Uttar Pradesh State Industrial Development Corporation, Varanasi, Uttar Pradesh ("Varanasi Facility") and new facility located at Manjusar village, Savli, Vadodara, Gujarat ("Vadodara 2 Facility"), where they commenced commercial production from April 2015.
Manpasand Beverages have a wide distribution network that as on March 31, 2015, includes 73 consignee agents and 654 distributors spread across 24 states in India to whom they sell directly. They also sell directly to Indian Railway Catering and Tourism Organization ("IRCTC") approved vendors.