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Manpasand Beverages Limited allots 5.625 mn equity shares @ Rs. 320 ps aggregating to Rs. 180 crore to 11 anchor investors

Public Issue opens  24th June 2015

Price Band fixed from Rs. 290 to Rs. 320 per Equity Share

Manpasand Beverages Limited (the “Company” or “Issuer”) has finalized the allocation of 5,625,000 equity shares at Rs. 320 per equity share (upper end of the Price Band) aggregating to Rs. 180 crore (45% of the total Issue size of Rs. 400 crore). 

The list of anchors include – BIRLA SUN LIFE INSURANCE COMPANY LIMITED - 575,145 equity shares (10.2% ot the total anchor investor portion); ASHOKA PTE LTD -156,285 equity shares (2.8%); ICICI PRUDENTIAL MUTUAL FUND A/C ICICI PRUDENTIAL FMCG-292950 equity shares (5.2%); ICICI PRUDENTIAL MUTUAL FUND A/C ICICI PRUDENTIAL GROWTH FUND SERIES 1- 216855 equity shares (3.9%); ICICI PRUDENTIAL MUTUAL FUND A/C ICICI PRUDENTIAL GROWTH FUND SERIES 2-158400 equity shares (2.8%); ICICI PRUDENTIAL MUTUAL FUND A/C ICICI PRUDENTIAL GROWTH FUND SERIES 4-98100 equity shares (1.7%); ICICI PRUDENTIAL MUTUAL FUND A/C ICICI PRUDENTIAL GROWTH FUND SERIES 5 - 125595 equity shares (2.2%); ICICI PRUDENTIAL MUTUAL FUND A/C ICICI PRUDENTIAL GROWTH FUND SERIES 6-164970 equity shares (2.9%); ICICI PRUDENTIAL MUTUAL FUND A/C ICICI PRUDENTIAL VALUE FUND SERIES 6-182790 equity shares (3.2%); ICICI PRUDENTIAL MUTUAL FUND A/C ICICI PRUDENTIAL VALUE FUND SERIES 710305 equity shares (0.2%) ; BNP PARIBAS MUTUAL FUND A/C BNP PARIBAS MID CAP FUND  - 115650 equity shares (2.1%); BNP PARIBAS MUTUAL FUND A/C BNP PARIBAS LONG TERM EQUITY FUND 144900 equity shares (2.6%); BNP PARIBAS MUTUAL FUND A/C BNP PARIBAS DIVIDEND YIELD FUND- 54945 equity shares (1.0%); SHINHAN BNPP BONJOUR INDIA EQUITY INVESTMENT TRUST MASTER INVESTMENT TRUST - 202995 equity shares (3.6%); MORGAN STANLEY MAURITIUS COMPANY LIMITED-156285 equity shares (2.8%); SBI MAGNUM MULTIPLIER PLUS SCHEME 1993-125,010 equity shares (2.2%); SBI EQUITY OPPORTUNITIES FUND SERIES I- 156,240 (2.8%); SBI MAGNUM MULTICAP FUND-125,010 (2.2%); SBI MAGNUM MIDCAP FUND- 218,745 (3.9%); SBI SMALL AND MIDCAP FUND-490,545 equity shares (8.7%); SBI MAGNUM CHILDREN'S BENEFIT PLAN -9,405 equity shares (0.2%); SBI FMCG FUND -125,010 equity shares (2.2%); GOLDMAN SACHS INDIA FUND -1,093,770 equity shares (19.4%); UTI-EQUITY TAX SAVING PLAN - 106,605 equity shares (1.9%); UTI-LONG TERM ADVANTAGE FUND-37,485 equity shares (0.7%); UTI-INDIA LIFESTYLE FUND- 87,525 equity shares (1.6%); UTI-LONG TERM ADVANTAGE FUND S II -23,085 equity shares (0.4%); UTI-MULTICAP FUND-57,825 equity shares (1.0%); BHARTI AXA LIFE INSURANCE COMPANY LTD -156,285 equity shares (2.8%); and AMUNDI FUNDS A/C AMUNDI FUNDS EQUITY INDIA SELECT - 156,285 equity shares (2.8%).

The Company will open on Wednesday, 24th June 2015, a public issue of equity shares of face value Rs. 10 each (“Equity Shares”) for cash at a price per Equity Share (including a Share Premium) aggregating Rs. 4,000 million (the “Issue”). The Price Band is fixed from Rs. 290 to Rs. 320 per Equity Share. The issue will close on Friday June 26, 2015.

The Anchor Investors shall Bid during the Anchor Investor Bidding Period, i.e., one Working Day prior to the Bid Opening Date; i.e., 23rd June 2015. The minimum Bid Lot is 45 Equity Shares and in multiples of 45 Equity Shares thereafter. The Bid/ Issue closes on Friday, 26th June 2015. The Equity Shares offered through the Red Herring Prospectus dated 15th June 2015 are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited.

The Book Running Lead Managers (‘BRLMs‘) to the Issue are Kotak Mahindra Capital Company Limited, IIFL Holdings Limited and ICICI Securities Limited.

Manpasand Beverages Limited is a fruit drink manufacturing company with a primary focus on mango fruit, which is the leading flavour for juice drinks in India (Source: Report titled ‘Soft Drinks in India’ published in May 2014 by Euromonitor International Limited). Its mango based fruit drink, ‘Mango Sip’, is the flagship brand, which is strategically focused towards customers primarily based in semi urban and rural markets. 
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