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| Discuss Manjushree Extrusions Ltd Ipo at the Initial Public Offers (IPO's) within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi All, Please give your view on MANJUSHREE EXTRUSIONS LTD IPO. What is the bid ... |
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#2
3rd February 2008, 10:35 PM
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Re: Manjushree Extrusions Ltd Ipo
Guru,
Vimal kedia is flexible /blow packaging king guru ! But business is commodity guru and competition is fierce. To make bottles and zars for pickles,milk powder,tea/coffe jars etc. Nowadays client are moving to do Blow extrusion themselves, as that will save cost and transportation, as when you transport fully blown bottle you also transport air with it which is costly,and you may damage the bottle in transportation too. As clients are moving in blow-up jobs. Blow-up moulders are moving to do PET kit. This are small cylindrical PET bottle. Which u can do economically if you employ a large imported machine which gives scale. These small bottles are supplied to clients to do blow moulding themselves. Right now there are few doing this PET bottles. Like AMD metplast, 3-4 more. But many will catch up once they see this IPO or RPO/FPO and margin improvements. Rights shares are being acquired at Rs.30 and Follow-on shares are offered at Rs.45. Mgt. is king in packaging, but last shareholders were not got any reward. Take your decision GuruGuru 
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