Manpasand Beverages IPO opens for subscription
24/06/2015 15:15

Fruit drinks maker Manpasand Beverages opened for subscription today in order to raise Rs 400 crore by way of IPO. The issue will close on June 26, said the media reports.

Manpasand Beverages is offering 1.25 crore shares in the price range of Rs 290 to Rs 320. The minimum lot size is 45 shares. The company has raised Rs 180 crore (around 45 per cent of the total IPO size) from anchor investors which include Goldman Sachs, Birla Sun Life Insurance, ICICI Prudential MF, Morgan Stanley, Bharti AXA Life, SBI MF, UTI MF, BNP Paribas, Shinhan BNPP, Amundi Funds & Ashoka Pte.

The company has allocated 75 per cent of the issue to qualified institutional buyers (QIB), 15 per cent to non-institutional investors and 10 per cent to the retail category.

Kotak Mahindra Capital Company, IIFL Holdings Ltd and ICICI Securities are the book running lead managers to the share sale.