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Incorporated in 1984, Mandhana Industries Limited is vertically integrated textile and garment manufacturing company in India having presence across operations ranging from yarn dyeing to garment manufacturing. Mandhana's business includes designing, yarn dyeing, weaving, processing, dyeing and garment manufacturing. Mandhana Industries currently carries out its garment manufacturing operations with 1,150 sewing machines with an overall production capacity of 36.00 lacs pieces per annum. In addition, they are also equipped to perform decoration and surface ornamentation processes like embroidery, printing & washing. As of December 31, 2009, the Company’s export customers constituted around 100 customers, which includes brands/labels and retail chains for garments including Tommy Hilfiger, Charles Vogele, FCUK, RIP CURL, All Saints, Simint, Pepe Jeans, LAFUMA, Auchan, Ben Sherman, Valentino, Colin’s and Newyorker. The Company also getting revenue from sale of yarn, with the yarn dyeing capacity of 30 lac kgs per annum. The Company caters to clients like Aditya Birla Nuvo (manufacturers of brands like Louis Phillipe, Van Heusen, Peter England, Allen Solly), Pantaloon Retail, ITC (manufacturer of brand Wills LifeStyle), Woodland, Liliput, Blackberry, Indian Terrain Clothing, Colorplus Fashion, Turtle, PJL Clothing India Limited (manufacturers of the brand Pepe in India), Gini and Jony Limited and S-Oliver.
The Promoters of Mandhana Industries Ltd are:1. Mr. Purushottam Mandhana,2. Mr. Biharilal Mandhana,3. Mr. Manish Mandhana,4. Purushottam Mandhana (HUF),5. Mr. Priyavrat Mandhana.
| Particulars | For the year/period ended (Rs. in Lacs) |
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 |
| Total Income | 46,325.17 | 40,693.94 | 24,033.69 | 18,134.79 | 12,656.42 |
| Profit After Tax (PAT) | 3,656.42 | 3,530.38 | 1,943.10 | 1,212.63 | 641.11 |
The Objects of the Issue are:1. Setting up of new garment manufacturing facility at MIDC, Tarapur Maharashtra;2. Expansion of yarn dyeing and weaving facility at MIDC, Tarapur, in the State of Maharashtra;3. Margin Money for Working Capital;4. General Corporate Purpose; and5. Meeting issue expenses.
»» Issue Open: Apr 27, 2010 - Apr 29, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 8,300,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 107.90 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 120 - Rs. 130 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE
Mandhana Industries Ltd IPO Grading / Rating
CRISIL has assigned an IPO Grade 3 to Mandhana Industries Ltd IPO. This means as per CRISIL company has 'Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Mandhana Industries Ltd.
Check IPO Ratings from other stock analysts.
| Number of Times Issue is Subscribed (BSE + NSE) | | As on Date & Time | Qualified Institutional Buyers (QIBs) | Non Institutional Investors | Retail Individual Investors (RIIs) | Total | | Shares Offered / Reserved | 2,996,150 | 1,245,000 | 2,905,000 | 7,146,150 | | Day 1 - Apr 27, 2010 17:00 IST | 0.2567 | 3.2999 | 0.0590 | 0.7100 | | Day 2 - Apr 28, 2010 17:00 IST | 2.1364 | 3.6152 | 0.1985 | 1.6100 | | Day 3 - Apr 29, 2010 17:00 IST | 7.9747 | 10.5187 | 2.8069 | 6.3200 |
Mandhana Industries Limited IPO Alerts
1. Friday, May 14, 2010 11:29:55 PM
2. Wednesday, May 12, 2010 5:26:50 AM
3. Thursday, April 29, 2010 9:59:58 AM
4. Wednesday, April 28, 2010 11:47:27 PM
5. Tuesday, April 27, 2010 10:45:57 PM
6. Wednesday, April 21, 2010 10:39:01 PM
IPO Rating
Rating: |
IPO Listing Detail
| Listing Date: | Wednesday, May 19, 2010 |
| BSE Scrip Code: | 533204 |
| NSE Symbol: | MANDHANA |
| Listing In: | 'B' Group of Securities |
| Sector: | Textile |
| ISIN: | INE087J01010 |
| Issue Price: | Rs. 130.00 Per Equity Share |
| Face Value: | Rs. 10.00 Per Equity Share |
Listing Day Trading Information
| BSE |
| Issue Price: | Rs. 130.00 |
| Open: | Rs. 132.70 |
| Low: | Rs. 130.00 |
| High: | Rs. 139.15 |
| Last Trade: | Rs. 133.65 |
| Volume: | 10,883,290 |
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| NSE |
| Rs. 130.00 |
| Rs. 131.00 |
| Rs. 130.00 |
| Rs. 139.50 |
| Rs. 133.55 |
| 16,919,452 |
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Mandhana Industries Limited IPO Links
Company Contact Information
Registered Office :
205/214, Peninsula Centre,
Dr. S.S. Rao Road, Off Dr. Ambedkar Road,
Parel (East), Mumbai – 400 012, Maharashtra
Phone: + 91-22-4353 9191
Fax: + 91-22-4353 9218
Email: ipo@mandhana.com
Website: http://www.mandhana.com
Book Running Lead Manager(s)
Mandhana Industries Limited IPO Message Board
| Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff. |
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| 152. T.C May 22, 2010 6:53:31 PM IST Report Spam! |
| Standard chartared idr price band may be rs.25 to 35 , above 35 it is very risky in current market. |
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| 151. kabir May 22, 2010 11:30:26 AM IST Report Spam! |
| rel capital trast short term fund ne 7.38% & nomura fund 4.58% & lic 9.40% listing ke bad MANDHANA me 135.50 ke rate per stak khari da hai kharido ye blast ho jayga |
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| 150. KGBOSS May 21, 2010 6:52:04 PM IST Report Spam! |
| MY DEAR ALL BEAR GROUP FRIENDS MANDHANA IS STILL ABOVE THE ISSUE PRICE IN THIS MARKET CONDITION SO SOME FIRE WORK WILL HAPPEN IN THE COUNTER SHORTLY IRRESPECTIVE OF MARKET. BUY AND HOLD |
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| 149. ds May 21, 2010 2:39:41 PM IST Report Spam! |
buy mandhana at lower levels as operator of this issue is accumulating it ..
watch it after one month that all market in negative but this issue will come in positive
thanks |
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| 148. Jatin Shah May 20, 2010 12:24:56 PM IST Report Spam! |
146. HEMANT & 147. sell sell
Reason behind what you are saying.
Don't misguide. |
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| 147. sell sell May 20, 2010 9:18:58 AM IST Report Spam! |
| sellllllllllllllllllllll every thing to save money |
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| 146. HEMANT May 19, 2010 11:09:53 PM IST Report Spam! |
| THOSE WHO SOLD MANDHANA AT LISTING WILL BE HAPPY ON 20/05/10 AS IT GOING TO REACH RS 118 LOW |
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| 145. Ravi, Bangalore May 19, 2010 6:41:06 PM IST Report Spam! |
124. Anil
How do you predict listing price of stock on Day 1? Do you get dream?
Earlier, you said that you don't agree with me that its fair value is Rs.148.
You are misguiding people giving targets of Rs.45 etc even before listing. |
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| 144. KGBOSS May 19, 2010 5:03:59 PM IST Report Spam! |
| STRONG LISTING AGAINST ALL ADVERSE FACTORS. SENSEX DOWN BY 460 POINTS. GLOBAL MARKETS DOWN. IT DOES NOT FALL BELOW RS 133/-. IT WILL FLARE UP ONCE MARKET OPENS STRONG.HOLD IT!!!! |
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| 143. Jatin Shah May 19, 2010 3:56:38 PM IST Report Spam! |
I think Mandhana Industries is a very good stock.
Reason I am saying this is... on a listing day market goes down for 460 points but stock price does not go below issue price.
Tomorrow i think it will go up if market goes up... hold on guys... give some time.
Others... do not give wrong information... give reason if you are saying something good or bad about any stocks. |
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| 142. Rama May 19, 2010 2:59:22 PM IST Report Spam! |
| Sell mandanna. |
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| 141. Rohit Baid May 19, 2010 1:08:08 PM IST Report Spam! |
| From last one hour price between 134-136. What to do???? |
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| 140. Bhupesh May 19, 2010 10:22:21 AM IST Report Spam! |
its a slow poison for short term
as a textile
the stock will get at least 20 % below within three months
after which an upward movement can be seen'
investor be cautioned against ipo's of textile companies |
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| 139. Sridhar May 19, 2010 9:47:08 AM IST Report Spam! |
| sold mandhana 290 @137. Happy. |
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| 138. Rama May 19, 2010 9:22:17 AM IST Report Spam! |
Sell Mandhana. Dont hold textile company for long because clothes gets teared off after use!!!!
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| 137. suresh May 19, 2010 8:48:09 AM IST Report Spam! |
gem ipo finder
very very much thanks for reply. |
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| 136. GEM IPO FINDER May 19, 2010 6:05:17 AM IST Report Spam! |
SURESH
I DID NOT TRACKED THIS ISSUE VERY WELL,BUT I THINK IN TEXTILE THESE BUSINESS MODELS ARE BEST AND HAS BEST POTENTIAL TO SCALE UP. BOMBAY RAYON WHICH IS IN THE SAME SPACE IS GOING TO BE LARGEST TEXTILE CO IN INDIA IN NEXT 1-2 YRS AND THIS CO WILL FOLLOW IT
YOU WILL SURE GET 6-10 AS LISTING GAIN, YOU MAY EXIT AT THAT GAIN BECAUSE AFTER LISTING IT WILL GO TO SLEEP FOR 3 MONTHS ATLEAST AFTER THAT IT WILL SLOWLY CATCH UP WITH ITS RESULTS. |
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| 135. suresh May 18, 2010 9:53:48 PM IST Report Spam! |
GEM IPO FINDER:
GIVE COMMENTS ABOUT LISTING. WAITING FOR YR REPLY.
THANKS. |
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| 134. KGBOSS May 18, 2010 6:09:41 PM IST Report Spam! |
| FOR THE FINANCIAL YEAR 2010-11 EPS WILL BE Rs.20 EVEN AT PE RATIO OF 8 PRICE WILL BE Rs 160 |
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| 133. Rajavel May 18, 2010 5:58:27 PM IST Report Spam! |
| what is the approximate EPS for FY10 for mandhana industries |
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