10 Dec 07 Manaksia Limited IPO : Manaksia IPO Subscription Date fixed
Manaksia Limited IPO Subscription opens on Monday, December 17, 2007. Manaksia IPO price band has been fixed between Rs. 140 to Rs. 160 per share. The price band of shares offered in the IPO is Rs 2. ICICI Securities has been fixed as the lead manager for the Manaksia Limited IPO. The shares of Manaksia Limited offered in the IPO will be listed on the National Stock Exchange (NSE), The Stock Exchange, Mumbai (BSE) and the Calcutta Stock Exchange (CSE). Manaksia Limited is a manufacturing company which manufactures metal packaging products and value added metal products. With the manufacturing sector considered not doing too well, Manaksia Limited IPO Subscription is likely to be pretty low. Manaksia Limited has mentioned in the DRHP that the proceeds from the IPO will be used for expanding production capacity of some of the products manufactured by Manaksia Limited which have a decent market demand. Manaksia IPO Subscription Details and Manaksia IPO Allotment Status will be updated here as soon as the details are made available by the company. Hence do check this space often.
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