Manjushree Extrusions IPO listing on Feb 28, Tomorrow
Manjushree Extrusions will list on the BSE with its equity shares on February 28, 2008. You read it correct, it’s listing only on BSE and not NSE. This company is listed before on other exchanges in the country like Ahmedabad Stock Exchange, Calcutta Stock Exchange, and Guwahati Stock Exchange. The offer price is at Rs 45 per share. The IPO had collected around Rs. 23 crore.
Manjushree provides packaging solutions through manufacture of specialty plastic packaging products for multinational companies with whom the company enjoys a preferred supplier status, in FMCG, pharma, food processing and agrochemicals sectors through an ongoing process of research oriented design and development.
The company intended to utilize the funds to part finance its expansion cum diversification project which is presently under implementation and already have loan sanctioned by SBI.
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