Magnum Ventures Limited IPO : Magnum Ventures IPO opens on 27th

Magnum Ventures Limited, a UP based paper trading and manufacturing company, is coming out with an IPO through the book building process. Magnum Ventures Limited IPO will open for subscription on Monday, 27 August 2007 and will close for subscription on Thursday, 30 August 2007. Magnum Ventures Limited was earlier known as Magnum Papers Limited. Magnum Ventures Limited has fixed the price band for the IPO between Rs. 27 and Rs. 30 per share. As per the Draft Prospectus, Magnum Ventures Limited will use the proceeds of the IPO to set up a 4 Star Business Hotel and to modernize their manufacturing plants. Post IPO, the shares of Magnum Ventures Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The issue size of Magnum Ventures Limited IPO is about Rs. 60 crores. The lead manager for Magnum Ventures Limited IPO is SREI Capital Markets Limited. The registrar for the Magnum Ventures Limited IPO is Bigshare Services. For updates on the subscription / oversubscription ratio of Magnum Ventures Ltd IPO and to know the IPO allotment status, refund details and listing date of Magnum Ventures Ltd. IPO, do check this blog regularly.

Magnum Ventures Limited IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the Magnum Ventures Limited IPO Issue.

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