Need to appoint more distributors and enrol more outlets in coming days, says Abhishek Singh, Director of Manpasand Beverages.
According to Motilal Oswal, Manpasand on the cusp of a high growth cycle, led by capacity expansion, new product launches and increases in distribution network, which should lead to market share gains from 5 percent in 2016 to 7.5 percent in 2018.
With this partnership, Manpasand's flagship brand 'Mango Sip', which is extensively spread out in rural and semi-rural regions, will now be available in urban areas through Baskin-Robbin's outlets, said Dhirendra Singh, Chairman and Managing Director of Manpasand Beverages.
The company has two manufacturing facilities in Vadodara, one each in Varanasi, Uttar Pradesh and Dehradun in Uttaranchal. A new unit is being set up at Ambala in Haryana.
The Rs 400-crore public issue received bids for 4,29,885 shares against the total issue size of 75,86,207 shares, as per data available with NSE till 1700 hrs. The retail investors portion was subscribed 31 percent.