The Magnum Ventures date has been confirmed from February 7, 2024 – February 21, 2024.
Magnum Ventures Developers IPO is a fixed price issue of ₹48.00 Crores. The price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investo1rs is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.
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Bidding Dates
Feb 7-21
Issue Size
₹48.92 Crores
Face Value
₹10 per share
Record Date
January 25, 2024
Magnum Ventures IPO GMP
The Magnum Ventures Record Date is January 25, 2024.
IPO Overview
Magnum Ventures Limited was founded in 1980 and was previously known as Magnum Paper Limited. Magnum Ventures is a manufacturer of printing paper and duplex boards. The company has a vast infrastructure of 65000 square meters and a building space of five lacs square feet in Sahibabad Industrial space, Ghaziabad. The installed capacity is 85,000 TPA. The current manufacturing operations include the production of printing and writing papers, duplex boards, Xerox paper, wrapping and packing paper, and others. The installed capacity for these goods is 85,000 metric tonnes per year, assuming a three-shift system and 330 working days per year.
The Paper Division’s plant has an area of 60,000 square metres, with a built-up area of 500,000 feet. The organisation operates in six separate locations, all of them are in East Delhi NCR, Sahibabad, and Ghaziabad, near the famed Akshardham Temple. In 2009, the company expanded its operations by opening India’s only five-star vegetarian hotel. The corporation owns and maintains a five-star premium hotel with 216 rooms in the Sahibabad area, which borders Delhi. The corporation owns and operates the Country Inn and Suites by Carlson (now Radisson) Hotel in Sahibabad.
Magnum Ventures Rights Issue Detail
| Issue Open | February 7, 2024 – February 21, 2024 |
| Security Name | Magnum Ventures Limited |
| Issue Size (Shares) | 9,059,433 |
| Issue Size (Amount) | ₹48.92 Crores |
| Issue Price | ₹54 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Issue Price of Rs.54/- per Rights Equity Share (including premium of Rs.44/- per Rights Equity Share) shall be payable on Application. |
| Entitlement | 2 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date |
Magnum Ventures Ltd Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,042.72 | 314.97 | 315.10 | |
| Revenue | 465.50 | 331.60 | 182.41 | |
| Profit After Tax | 48.39 | 70.86 | 5.15 | 1.34 |
| Net Worth | 600.68 | 583.94 | -51.17 | -56.73 |
| Reserves and Surplus | 541.84 | -88.77 | -94.33 | |
| Total Borrowing | 167.18 | 166.12 | 273.61 | 294.48 |
| Amount in ₹ Crore | ||||
Magnum Ventures IPO Timeline
| Last Date to buy shares | January 24, 2024 |
| Record Date | January 25, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | February 7, 2024 |
| Renunciation of Rights Entitlements | February 16, 2024 |
| Bid/Offer Closes On | February 21, 2024 |
| Deemed Date of Allotment | February 28, 2024 |
| Credit Date | February 29, 2024 |
| Listing Date | March 4, 2024 |
Company Profile
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding purchase of new equipment and modification of existing machinery installed in the pulp section to rewinding section manufacturing unit to improve the quality and quantity of newsprint paper, kraft paper and cup stock natural shade paper; and
- General Corporate Purposes.
Registrar Info
| Name | Mas Services Limited |
| Phone number | (011) 2610 4142 |
| Email ID | investor@masserv.com |
| Website | masserv.com |
Contact Details
| Name | Magnum Ventures Limited |
| Phone number | +91-11-42420015 |
| Email ID | info@magnumventures.in |
| Website | magnumventures.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
