Dec 24, 2007

Manjushree Extrusions IPO - To Apply or Not

About Manjushree
The Company is engaged in providing advanced packaging solutions through manufacture of Speciality Plastic Packaging products for Multinational Companies in FMCG, Pharma, Food Processing and Agrochemical sectors through an ongoing process of research oriented design and development. The products include Injection / Blow molded PET / PP and Multilayer plastic containers by employing Japanese and European technologies.
About Manjushree Extrusion IPO
>Rights issue of 42,10,800 equity shares of Rs 10 each for cash at a premium of Rs 20 per share aggregating to Rs 12.63 crore
> And Follow on public offer of 51,26,100 equity shares of Rs 10 each for cash at a premium of Rs 35 per share aggregating to Rs 23.07 crore.
>Issue Date
>Rights Issue Opens on January 7, 2008 and close on February 6, 2008,
>Public offer will open on January 31, 2008 and close on February 6, 2008 .
Financials
Manjushree registers 126% growth in PAT in September 07 quarter. Key performance highlights for the 2nd quarter ended September 30, 2007. Figures in brackets represent performance for the same quarter in the previous year.
Sales turnover of Rs 1944 Lacs (Rs 1811 Lacs) – Increase by 7%
PBDIT of Rs. 289 Lacs (Rs. 177 Lacs) – Increase by 63%
PBT of Rs. 150 Lacs ( Rs. 83 Lacs) – Increase by 80%
PAT of Rs. 97 Lacs (Rs 43 Lacs) – Increase by 126%
Source : Manjushree Website

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