Thebullishtrends: MANAKASIA shares listed today at Rs.200 as against offer price Rs.160. But the share price is trading now at Rs.188. Manakasia Ltd came to IPO market in December'07 by offering 1.55 cr shares with a price band of Rs.140-160, it has issued shares at higher price band Rs.160. The entire issue subscribed by 9 times.
Manakasia Ltd involves in the business of mosquito coils,metal packaging and galvanised steel sheets. The aluminium products will be utilised partly to the company products and rest will sell to major auto companies like Maruti.
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