Restaurant Franchise Opportunities

Funding Nov, 28 2014

Manpasand Beverages seeks Sebi's approval for Rs 400 crore IPO

The juice maker will use the funds raised for setting-up of a manufacturing facility in Haryana or Punjab, renovating plants in in Vadodara and Varanasi, setting-up of a corporate office at Vadodara, repayment of loans and general corporate purpose.

By Franchise India Bureau
Manpasand Beverages seeks Sebi's approval for Rs 400 crore IPO

Manpasand Beverages, the Gujrat based fruit drink manufacturer is looking for sebi’s approval to raise Rs 400 crore IPO, according to a report published by the Economic Times.

According to the red herring draft submitted with Securities and Exchange Board of India (Sebi), Manpasand beverages would issue equity shares aggregating to Rs 400 crore.

The company is known for its ‘Mango Sip’ and apple and litchi juices amongst other and has three manufacturing facilities in Vadodara, Banaras and Dehradun.

The juice maker will use the funds raised for setting-up of a manufacturing facility in Haryana or Punjab, renovating plants in in Vadodara and Varanasi, setting-up of a corporate office at Vadodara, repayment of loans and general corporate purpose.

The company is also targeting revenue worth Rs 300 crore by the end of this year and over Rs 1,000 crore sales by 2016. 

Related: Grab raises fund from Oliphans Capital and Haresh Chawla

Click Here to add Comment
Please add your Comment
Rating
NEWSLETTER SIGNUP

Submit your email address to receive the latest updates on news & host of opportunities.

Most

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

BOS
Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2016 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.