Home Progressive Grocer Manpasand Beverages Plans IPO to Raise Rs 400 Crore

Manpasand Beverages Plans IPO to Raise Rs 400 Crore

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Fruit juice brand is planning an IPO next year to raise around Rs 400 crore, according to a leading daily. The issue will be managed by Company and India Infoline, said the report.

Manpasand Beverages had initiated PE funding last year as well but it now plans to opt for the public listing this year. In 2011, Manpasand Beverages had raised a funding of Rs 60 crore from SAIF Partners.

Established in 1998, the beverage maker owns fruit juices brands like Guava Sip, Sip, Litchi Sip, and Apple Sip. The company is targeting revenues worth Rs 500 crore this fiscal, the report stated.