Will Manjushree Technopack Choose IPO or Private Sale? | What Investors Should Know! | IPO News
Manjushree Technopack Limited is making waves in India's rigid plastic packaging industry. However, there's one problem—Advent is riding two boats! The first boat is the IPO launch, and the second boat is a private sale. What will happen? How will Manjushree's ship reach the shore? Let's find out!
So, Advent International, which owns 98% of Manjushree, is following a dual-track strategy. On one hand, there's a plan for an IPO to raise ₹3,000 crore, and on the other hand, some interested buyers like Brookfield Asset Management and Carlyle have submitted bids.
Advent's target is to value Manjushree between $1.2 billion and $1.8 billion. But here's the catch—if Manjushree goes for the IPO, the valuation could be around ₹7,000 crore. However, if market sentiment is strong, it could even reach ₹12,500-₹15,000 crore! After the IPO, the share price could go up to ₹1,500, which means a short-term upside of up to 50%. But for this to happen, Manjushree will need to deliver exceptional results in FY25.
For investors, the next few months will be crucial. So, stay tuned with Planify for further updates!
About Manjushree Technopack Limited Unlisted Shares:
Manjushree Technopack Limited is a leading player in the Indian packaging industry, specializing in rigid plastic packaging solutions. With a strong focus on innovation and sustainability, the company offers a wide range of products, including bottles, containers, and preforms, catering to diverse sectors such as FMCG, pharmaceuticals, agrochemicals, and personal care. Manjushree Technopack has a significant market share in India and has expanded its operations internationally, establishing itself as a trusted partner for global brands.
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