Manas Polymers & Energies Ltd - IPO

Manas Polymers & Energies Ltd IPO Details

Initial public offer of up to 29,04,000 equity shares of face value of Rs.10/- each (the equity shares) of manas polymers and energies limited (the company or the issuer) at an issue price of Rs.[*] per equity share (including share premium of Rs.[*] per equity share) for cash, aggregating up to Rs.[*] crores (public issue) out of which [*] equity shares of face value of Rs.10/- each, at an issue price of Rs.[*] per equity share for cash, aggregating Rs.[*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs.10/- each, at an issue price of Rs.[*] per equity share for cash, aggregating up to Rs.[*] crores is herein after referred to as the net issue. the public issue and net issue will constitute [*]% and [*]% respectively of the post-issue paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company in consultation with the brlm.

Objective of issue

Funding of capital expenditure requirements towards setting up of Solar Power Plant. Funding of capital expenditure requirements towards purchase of fixed assets. General corporate purposes.

Manas Polymers & Energies Ltd Contact Details

Manas Polymers & Energies Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - cs@manaspolymers.com

Website - www.manaspolymers.com