21 August 2024
Packaging solutions provider Manjushree Technopack is planning to raise Rs 3,000 crore via initial public offering as it has filed draft red herring prospectus with the capital markets regulator on August 20.
The IPO is a combination of fresh issuance of Rs 750 crore worth equity shares, and an offer-for-sale (OFS) of equity shares worth Rs 2,250 crore by promoter.
Promoter AI Lenarco Midco holds 97.54 percent shareholding in the company.
The Bangalore-based company may also consider fund raising of Rs 150 crore via private placement, preferential offer or any other method, before filing the Red Herring Prospectus (RHP) with the Registrar of Companies (ROC). If the pre-IPO placement is completed, the said amount will be reduced from the fresh issue.
Packaging solutions provider Manjushree Technopack is planning to raise Rs 3,000 crore via initial public offering as it has filed draft red herring prospectus with the capital markets regulator on August 20.
The IPO is a combination of fresh issuance of Rs 750 crore worth equity shares, and an offer-for-sale (OFS) of equity shares worth Rs 2,250 crore by promoter.
Promoter AI Lenarco Midco holds 97.54 percent shareholding in the company.
The Bangalore-based company may also consider fund raising of Rs 150 crore via private placement, preferential offer or any other method, before filing the Red Herring Prospectus (RHP) with the Registrar of Companies (ROC). If the pre-IPO placement is completed, the said amount will be reduced from the fresh issue.
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