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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; and
5. Meeting issue expenses.
| IPO Opening Date | Apr 27, 2010 |
| IPO Closing Date | Apr 29, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹120 to ₹130 per equity share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
| Issue Size | 8,300,000 Eq Shares of ₹10 (aggregating up to ₹107.90 Cr) |
The Mandhana Industries IPO market lot size is 50 shares. A retail-individual investor can apply for up to 30 lots (1500 shares or ₹195,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 50 | ₹6,500 |
| Maximum | 30 | 1500 | ₹195,000 |
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.
The Mandhana Industries IPO is subscribed 6.32 times on 4/29/2010 5:00:00 PM. The public issue subscribed 2.81 times in the retail category, 7.97 times in the QIB category, and 10.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 7.97 |
| NII | 10.52 |
| Retail | 2.81 |
| Total | 6.32 |
| Listing Date | Wednesday, May 19, 2010 |
| BSE Script Code | 533204 |
| NSE Symbol | MANDHANA |
| Listing In | B Group of Securities |
| ISIN | INE087J01010 |
| IPO Price | ₹130 per equity share |
| Face Value | ₹10 per equity share |
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Mandhana Industries Limited
205/214, Peninsula Centre,
Dr. S.S. Rao Road, Off Dr. Ambedkar Road,
Parel (East), Mumbai – 400 012, Maharashtra
Phone: + 91-22-4353 9191
Email: ipo@mandhana.com
Website: http://www.mandhana.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mil.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Mandhana Industries IPO is a main-board IPO of 8,300,000 equity shares of the face value of ₹10 aggregating up to ₹107.90 Crores. The issue is priced at ₹120 to ₹130 per equity share. The minimum order quantity is 50 Shares.
The IPO opens on Apr 27, 2010, and closes on Apr 29, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Mandhana Industries IPO opens on Apr 27, 2010 and closes on Apr 29, 2010.
Mandhana Industries IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
You can apply in Mandhana Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mandhana Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mandhana Industries IPO allotment status.
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