Company Overview of Manpasand Beverages Ltd
Manpasand Beverages Ltd produces and markets fruit juice. The company sells its product under the Mango Sip brand. Manpasand Beverages Ltd was incorporated in 2010 and is based in Vadodara, India.
E-62, Manjusar G.I.D.C
Vadodara, 391 775
Founded in 2010
Key Executives for Manpasand Beverages Ltd
Manpasand Beverages Ltd does not have any Key Executives recorded.
Manpasand Beverages Ltd Key Developments
Manpasand Beverages Launches ‘Fruits Up’ Beverage
Sep 25 14
Manpasand Beverages launched fruit juice-based ‘Fruits Up’ premium category beverage. Fruits Up which is launched in the market is the answer to debate of having healthy drink in the market.” The fruit juice based Fruits Up was launched in Godhra on September 24, 2014 and in Surat on September 25, 2014.
Manpasand Beverages Mulls INR 4 billion IPO
Jul 3 14
Manpasand Beverages Ltd is planning to get listed. Chairman and Managing Director of Manpasand Beverages, Dhirendra Singh is looking to launch an Initial Public Offering (IPO) of about INR 4 billion in six to eight months from now. He stated, “We closed 2013-2014 with a turnover of INR 3 billion. We are eying a turnover of INR 4 billion-INR 5 billion this year on the back of new launches in categories such as natural mineral water and carbonated drinks. We want to expand our juice portfolio and add more flavours. This will require investment in manufacturing, distribution and marketing, which explains the IPO. I will be taking a final call on the amount to be raised along with my bankers shortly.” He further added that besides the need for growth capital, the desire to give SAIF Partners an exit route helped his decision to consider listing at this stage. The official added, “This is the right time to tap the capital markets. As the stock markets climb, it will increasingly become expensive to get in.” Besides Manpasand Beverages, Ravi Jaipuria is also looking at listing two key companies of RJ Corp Limited over the next one year. This includes Varun Beverages Limited and Devyani International Ltd. Ravi Jaipuria has not specified the amount that he is looking to raise, but some reports suggest it to be INR 5 billion. Cafe Coffee Day is also considering IPO.
Varun Beverages And Devyani International May get Listed
Jun 5 14
Ravi Jaipuria is planning to launch an IPO (Initial Public Offering) for Varun Beverages Limited and Devyani International Ltd., held by RJ Corp Limited in 2015. Ravi Jaipuria has not specified the amount he is looking to raise, but said that this is the right time to tap the capital markets. Balaji Wafers Pvt. Ltd., Manpasand Beverages Ltd, and Cafe Coffee Day are also eyeing possible listing. While CavinKare Pvt. Ltd.’s promoter, C K Ranganathan said that the timing is right to step into the capital market, he said that he is not looking to list his firm. The official stated, “At least not for the next three years. We raised money last year from ChrysCapital and at the moment we are sufficiently funded.” Dhirendra Singh, Chairman and Managing Director, Manpasand Beverages, said that the need for capital coupled with the desire to give existing investors, SAIF Partners, an exit route is what prompted his decision to consider an IPO. “We have appointed Kotak Mahindra Capital and India Infoline to manage the issue. The IPO should be out in about six to eight months,” he said.
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August 25, 2014