Plans an IPO by next year.
Manpasand Beverages, the maker of 'Mango Sip', is in talks with investment banks Kotak Mahindra Capital Company and India Infoline to raise an IPO of Rs 400 crore in coming years.
Speaking on the same, Dhirendra Singh, MD, Manpasand Beverages, said, “It will take us at least one year as we have just initiated the process.”
Earlier the company has raised Rs 60 crore from SAIF Partners in 2011. And is growing at a fast pace expecting to reach 500 crore in financial year 2014-15, up from about 300 crore in the recently closed fiscal 2014.