Manjushree Technopack Eyes Rs 3,000 Crore IPO Backed by Advent International

Advent International-backed Manjushree Technopack has submitted initial documents to Sebi for a Rs 3,000 crore IPO. The offering includes a fresh issue of equity shares worth Rs 750 crore and an offer for sale of Rs 2,250 crore by AI Lenarco Midco Ltd, as per the draft red herring prospectus (DRHP).

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The company might raise up to Rs 150 crore in a pre-IPO placement. If this occurs, the fresh issue size will be adjusted accordingly. A portion of the proceeds, amounting to Rs 500 crore, will be allocated for debt repayment, acquisitions, strategic initiatives, and general corporate purposes.

Manjushree Technopack's Clientele

Manjushree Technopack, established in 1987, offers comprehensive packaging solutions from design to delivery. Its clientele includes Varun Beverages Ltd, Dabur India Ltd, Marico Ltd, Honasa Consumer Ltd, Hershey India Pvt Ltd, Kansai Nerolac Paints Ltd, Pernod Ricard Pvt Ltd, and Parag Milk Foods Ltd.

Book-Running Lead Managers

JM Financial Ltd, Avendus Capital Private Ltd, Citigroup Global Markets India Pvt Ltd, Global Sachs India Securities Private Ltd, and ICICI Securities Ltd are the book-running lead managers for the issue. The offer also includes a reservation for eligible employees to subscribe.

Manjushree Technopack is considering raising funds through a pre-IPO placement round. If successful, this would reduce the size of the fresh issue. The company plans to use Rs 500 crore from the fresh issue for debt repayment and other strategic initiatives.

Founded in 1987, Manjushree Technopack provides end-to-end packaging solutions. Some of its notable clients include Varun Beverages Ltd and Dabur India Ltd. The company aims to use part of the IPO proceeds for acquisitions and other strategic initiatives.

The IPO includes a fresh issue of equity shares worth Rs 750 crore and an offer for sale by AI Lenarco Midco Ltd valued at Rs 2,250 crore. The draft red herring prospectus (DRHP) outlines these details.

The company has filed preliminary papers with Sebi to raise Rs 3,000 crore through an initial public offering (IPO). The offer also includes a reservation for subscription by eligible employees.

Manjushree Technopack's IPO aims to raise funds for debt repayment and growth initiatives. The company may consider raising up to Rs 150 crore in a pre-IPO placement round. If completed, this will reduce the fresh issue size.

The company's customers include Varun Beverages Ltd, Dabur India Ltd, Marico Ltd, Honasa Consumer Ltd, Hershey India Pvt Ltd, Kansai Nerolac Paints Ltd, Pernod Ricard Pvt Ltd, and Parag Milk Foods Ltd.

JM Financial Ltd and Avendus Capital Private Ltd are among the book-running lead managers for the issue. The IPO includes a fresh issue of equity shares worth Rs 750 crore and an offer for sale by AI Lenarco Midco Ltd valued at Rs 2,250 crore.

Manjushree Technopack plans to use Rs 500 crore from the fresh issue for debt repayment and other strategic initiatives. The company may consider raising up to Rs 150 crore in a pre-IPO placement round. If completed, this will reduce the fresh issue size.

The company's customers include Varun Beverages Ltd and Dabur India Ltd. JM Financial Ltd and Avendus Capital Private Ltd are among the book-running lead managers for the issue.

Manjushree Technopack's IPO aims to raise funds for debt repayment and growth initiatives. The offer also includes a reservation for subscription by eligible employees.

The company has filed preliminary papers with Sebi to raise Rs 3,000 crore through an initial public offering (IPO). The draft red herring prospectus (DRHP) outlines these details.

Manjushree Technopack provides end-to-end packaging solutions from design to delivery. Founded in 1987, it serves clients like Varun Beverages Ltd and Dabur India Ltd.

The company's IPO includes a fresh issue of equity shares worth Rs 750 crore and an offer for sale by AI Lenarco Midco Ltd valued at Rs 2,250 crore.