Issue Period: Jan 31 to Feb 06
Issue Price: Rs.45/- (Fixed Price)
Minimum Mkt Lot: 150 shares
Issue Size: Rs.23 crore
Recommendation: Avoid
Grade: Average
Chances of winning Allotment: Strong (in Retail category)
Sector: Plastic Packaging
Recommendation
Manjushree Extrusions Limited operated in a globally competitive environment & it faces significant competition from countries such as China, which also have cheap labour & significant production capacities. The Company may also face competition from established companies & future entrants into this industry. The growing competition may force Company to reduce the revenues & margins and/or decrease the market share. Some of the companies who operate in the same line of business as the Company are Pearl Polymers Ltd., Wimplast Ltd., Essel Propack Ltd., Mold-Tek Technologies Ltd., Fenoplast Ltd., etc. Hence we recommend subscribe investors to Avoid subscribing to this IPO
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