Company Name : MANAKSIA LTD

Issue Opens : 17 December, 2007
Issue Closes : 19 December, 2007
Expected Refund Date : 07 January, 2008

Issue Size : 15,500,000 (No. of Shares)

Price Bands
Lower Price Band (Rs) : 140
Upper Price Band (Rs) : 160
Total Size (Rs) : Rs. 248 Crores

Issue Allocation
Institutional: 7,700,000
HNI : 2,310,000
Retail : 5,390,000
Application Multiple : 40 and in multiples there off starting with atleast 40 shares
Maximum Shares : 600 (for Retail)

Cheque Drawn In Favour Of : "Escrow Account - Manaksia Public Issue- R" For HNI Bidders

Registrar to the Issue : Intime Spectrum Registry Ltd

Managers to the Issue : ICICI Securities Ltd

Information URL : MANAKSIA LTD 

Company Details
Address : 8/1, Lalbazar Street, Kolkata - 700 001.
Email : info@manaksia.com
Contact Details : 913322310050/ 913322300336 (fax)

Company Background:
Manaksia Limited (formerly Hindusthan Seals Ltd., incorporated in 1984) is a multi-division and multi-location conglomerate. It possesses 15 manufacturing plants in India and three abroad; two in Nigeria and one in Ghana. The company was promoted by Basant Kumar Agrawal and Suresh Kumar Agrawal.
Manaksia specialises in the manufacture of packaging products (crowns, closures and metal containers), metal products and fast moving consumer goods, among others.
The company's metal packaging products include crowns, roll-on pilfer-proof closures, expanded polyethylene liners as well as push-open and other metal containers. In the fast moving consumer goods segment, the company is a dependable mosquito repellents outsourcing destination for the Mortein (owned by Reckitt Benckiser (India) Limited) and Maxo (owned by Jyothy Laboratories) brands.
The company has now diversified into the production of aluminium rolled products, secondary specification aluminium alloys and galvanised steel.
The company’s wholly owned subsidiary in Nigeria, MINL Limited, was set up in 1996 and is the market leader in ROPP caps and crown corks in Nigeria. It has also set up facilities for the manufacture of galvanised steel, metal colour coated sheets and coils and secondary specification aluminium alloys.

The company also has subsidiary companies in Ghana (Dynatech Industries Ghana Limited) and Dubai (Euroasian Ventures FZE).

Objective of the Issue
a) Expansion of the Metals business b) Prepayment / repayment of debt

Key Financials for the year ended March 31, 2007
Revenue Rs.6453.89Mln, PAT Rs.307.74Mln,
EPS Rs.17.04, RoNW24%

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