Magnum Ventures IPO
Magnum Ventures IPO — date, price band, lot size & details 2007
Magnum Ventures listed on 20 Sep 2007 at ₹36.8, 22.7% above the ₹30 issue price.
Magnum Ventures is a Delhi based maker of writing and printing paper and duplex board that used its IPO to build a Country Inn and Suites hotel at Sahibabad. Its total income was Rs 91.45 crore in FY2007.
Stock price
Magnum Ventures is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 27 Aug 2007
- Close 30 Aug 2007
- Allotment 12 Sep 2007
- Refund/credit TBA
- Listing 20 Sep 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 30 Aug, 2007 |
|---|---|
| Price Band | ₹27 – ₹30 |
| Face Value | ₹10 |
| Lot Size | 200 Shares |
| Issue Size | ₹52.92 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 200 shares at the ₹30 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 200 | ₹6,000 |
| Retail (max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (min) | 167 | 33,400 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 61.59 crore in FY2005 to Rs 91.45 crore in FY2007.
- 02Restated profit after tax rose from Rs 2.31 crore in FY2005 to Rs 8.27 crore in FY2007.
- 03EBITDA rose from Rs 12.20 crore in FY2005 to Rs 28.24 crore in FY2007.
- 04Its paper plant had an installed capacity of 85,000 MT a year.
Risks · 5
- 01The IPO money went into a new hotel business, which was unrelated to its 25 years in paper; Rs 52.98 crore was for civil work.
- 02The hotel brand licence was non exclusive, so other hotels under the same brand could open nearby; Rs 5.11 crore was for technical know how and management fees.
- 03Profit after tax was flat at Rs 8.10 crore in FY2006 and Rs 8.27 crore in FY2007.
- 04Interest costs were Rs 5.54 crore in FY2007, and paper prices swing with pulp and waste paper costs.
- 05Promoters held 100% before the issue and 53.08% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Magnum Ventures offer document.
| Metric | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Total Income | 91.45 | 73.85 | 61.59 |
| Profit After Tax | 8.27 | 8.10 | 2.31 |
| EBITDA | 28.24 | 20.75 | 12.20 |
| NET Worth | 46.49 | 41.66 | 33.61 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Magnum Ventures RHP.
Where the money goes
₹152.63 Cr of the issue is earmarked to named objects.
About the company
It had traded and made paper for more than 25 years. Its plant made writing and printing paper such as creamwove, maplitho and xerox paper, and duplex boards, with an installed capacity of 85,000 MT a year.
It was adding a hotel business, with a hotel at Sahibabad under a non exclusive licence for the Country Inn and Suites by Carlson brand.
The IPO was Rs 52.92 crore and was entirely a fresh issue at Rs 30, the top of the Rs 27 to Rs 30 band. The money was for the hotel project, including civil work, plant and machinery and furniture.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Magnum Ventures IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Magnum Ventures?
The current Grey Market Premium is ₹0.
What is the Magnum Ventures IPO price band?
₹27 to ₹30, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 September 2007, with listing on 20 September 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
