Mandhana Industries Limited IPO (Mandhana Industries IPO) Detail

Apr 27, 2010 - Apr 29, 2010

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.

Company Promoters:

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.

Company Financials:

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

Objects of the Issue:

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.

Mandhana Industries IPO Details

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)

Mandhana Industries IPO Lot Size

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

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.

Mandhana Industries IPO Subscription Status (Bidding Detail)

The Mandhana Industries IPO is subscribed 6.32x times on Apr 29, 2010 17:00. The public issue subscribed 2.81x in the retail category, 7.97x in the QIB category, and 10.52x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	7.97x
NII	10.52x
RII	2.81x
Total	6.32x

Mandhana Industries IPO Prospectus

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Mandhana Industries IPO Rating

131

3.6

Rating:

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Mandhana Industries IPO Listing Date

Listing Date	Wednesday, May 19, 2010
BSE Script Code	533204
NSE Symbol	MANDHANA
Listing In	B
ISIN	INE087J01010
IPO Price	₹130 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹130.00
₹132.70
₹130.00
₹139.15
₹133.65
10,883,290

NSE
₹130.00
₹131.00
₹130.00
₹139.50
₹133.55
16,919,452

Mandhana Industries IPO Reviews / Ratings

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Company Contact Information

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

Mandhana Industries IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: mil.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Mandhana Industries IPO Lead Manager(s)

Lead Manager Reports

Mandhana Industries IPO FAQs

What is Mandhana Industries IPO?

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.
When Mandhana Industries IPO will open?

The Mandhana Industries IPO opens on Apr 27, 2010 and closes on Apr 29, 2010.
What is the lot size of Mandhana Industries IPO?

Mandhana Industries IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
How to apply for Mandhana Industries IPO?

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.
When Mandhana Industries IPO allotment?

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.
When is Mandhana Industries IPO listing date?

The Mandhana Industries IPO listing date is on Wednesday, May 19, 2010.

Mandhana Industries IPO Message Board

Ranked Members

155. KGBOSS |Jun 9, 2010 17:44

PLEASE READ MY MESSAGE DATED 21 MAY BELOW, I HAVE CLEARLY ADVICED THAT FIRE WORK WILL HAPPEN IN THE STOCK IRRESPECTIVE OF MARKET. TODAY IT TOUCH RS.156 AGAINST ISSUE PRICE OF RS.130.JAI HO

154. MAG |Jun 5, 2010 16:02

I dont have any position in this stock but it doesn't moved up and at the same time it hasn't fall also. Can i buy at 140 level

153. sini |Jun 4, 2010 16:03

we can collect the all ifromations from this site. It is very helpfull for us.

152. T.C |May 22, 2010 19:53

Standard chartared idr price band may be rs.25 to 35 , above 35 it is very risky in current market.

151. kabir |May 22, 2010 12:30

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

150. KGBOSS |May 21, 2010 19:52

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

149. ds |May 21, 2010 15:39

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

148. Jatin Shah |May 20, 2010 13:24

146. HEMANT & 147. sell sell

Reason behind what you are saying.

Don't misguide.

147. sell sell |May 20, 2010 10:18

sellllllllllllllllllllll every thing to save money

146. HEMANT |May 20, 2010 00:09

THOSE WHO SOLD MANDHANA AT LISTING WILL BE HAPPY ON 20/05/10 AS IT GOING TO REACH RS 118 LOW

145. Ravi, Bangalore |May 19, 2010 19:41

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.

144. KGBOSS |May 19, 2010 18:03

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!!!!

143. Jatin Shah |May 19, 2010 16:56

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.

142. Rama |May 19, 2010 15:59

Sell mandanna.

141. Rohit Baid |May 19, 2010 14:08

From last one hour price between 134-136. What to do????

140. Bhupesh |May 19, 2010 11:22

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

139. Sridhar |May 19, 2010 10:47

sold mandhana 290 @137. Happy.

138. Rama |May 19, 2010 10:22

Sell Mandhana. Dont hold textile company for long because clothes gets teared off after use!!!!

137. suresh |May 19, 2010 09:48

gem ipo finder

very very much thanks for reply.

136. GEM IPO FINDER |May 19, 2010 07:05

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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