Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 28 2015

Manpasand Beverages gets SEBI nod to raise Rs 400 crore via IPO

With this funding, the juice maker will set up a manufacturing unit in Punjab-Haryana and will also set up a corporate office at Vadodara.

Gujarat based Manpasand Beverages has received the approval of the Securities and Exchange Board of India (SEBI) for raising Rs 400 crore via initial public offering (IPO), reported PTI.

SAIF partner backed fruit drink maker has filed its draft red herring prospectus (DRHP) with capital market regulator SEBI in November 2014 for the proposed offer.

SEBI issued its final observations in the draft offer document on April 23, which is necessary for any company to float the IPO.

Manpasand Beverages known for its ‘Mango Sip’ and Litchi juices has three manufacturing facilities in Vadodara, Varanasi and Dehradun.

With this funding, the juice maker will set up a manufacturing unit in Punjab-Haryana and will also set up a corporate office at Vadodara.

The group is also aiming at modernisation of existing facilities in Vadodara and Varanasi, repayment of loans and other general corporate purposes with the new investment.

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

Comment
Related opportunities
  • Preschools
    About: Doodleton is a high - quality, research-based. child-centric early learning progra..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: C.H.I.L.D an initiative of Mrs. Kavitha Chandra Mouli hasa..
    Locations looking for expansion Tamil nadu
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Ethnic Stores
    About Us: Zingbi Lifestyle Pvt. Ltd operates within the dynamic fashion..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Bakery & Confectionary
    About US:  Incorporated in 1991, Lucky’s Bakery & Patisserie, is a..
    Locations looking for expansion Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities