Chittorgarh.com Logo
Loading...

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.

Open an Instant Account with Zerodha

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:

ParticularsFor the year/period ended (Rs. in Lacs)
31-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income46,325.1740,693.9424,033.6918,134.7912,656.42
Profit After Tax (PAT)3,656.423,530.381,943.101,212.63641.11

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 Size8,300,000 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 6.32 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)

CategorySubscription (times)
QIB7.97
NII10.52
Retail2.81
Total6.32

Mandhana Industries IPO Prospectus

Mandhana Industries IPO Rating

131
3.6
Rating:Rated 3.6 stars
Vote Here ...

Mandhana Industries IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹130.00
₹132.70
₹130.00
₹139.15
₹133.65
NSE
₹130.00
₹131.00
₹130.00
₹139.50
₹133.55

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

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

Mandhana Industries IPO Reviews / Ratings

  • S P Tulsian - Apply

Mandhana Industries IPO FAQs

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.

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

Mandhana Industries IPO Message Board

Ranked Members  Ranked Members

Loading...

155 Comments

155. KGBOSS |Jun 9, 2010 5:44:04 PM
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 4:02:15 PM
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 4:03:28 PM
we can collect the all ifromations from this site. It is very helpfull for us.
152. T.C |May 22, 2010 7:53:31 PM
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 12:30:26 PM
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 7:52:04 PM
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 3:39:41 PM
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 1:24:56 PM
146. HEMANT & 147. sell sell

Reason behind what you are saying.

Don't misguide.
147. sell sell |May 20, 2010 10:18:58 AM
sellllllllllllllllllllll every thing to save money
146. HEMANT |May 20, 2010 12:09:53 AM
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 7:41:06 PM
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 6:03:59 PM
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 4:56:38 PM
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 3:59:22 PM
Sell mandanna.
141. Rohit Baid |May 19, 2010 2:08:08 PM
From last one hour price between 134-136. What to do????
140. Bhupesh |May 19, 2010 11:22:21 AM
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 10:47:08 AM
sold mandhana 290 @137. Happy.
138. Rama |May 19, 2010 10:22:17 AM
Sell Mandhana. Dont hold textile company for long because clothes gets teared off after use!!!!

137. suresh |May 19, 2010 9:48:09 AM
gem ipo finder

very very much thanks for reply.
136. GEM IPO FINDER |May 19, 2010 7:05:17 AM
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.