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Mandhana Industries IPO is a book built issue of Rs 107.90 crores.
Mandhana Industries IPO bidding started from April 27, 2010 and ended on April 29, 2010. The shares got listed on BSE, NSE on May 19, 2010.
Mandhana Industries IPO price band is set at ₹120 to ₹130 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,500.
Axis Bank Limited and Edelweiss Financial Services Ltd are the book running lead managers of the Mandhana Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Mandhana Industries IPO RHP for detailed information.
| IPO Date | April 27, 2010 to April 29, 2010 |
| Listing Date | May 19, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹130 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 8,300,000 shares (aggregating up to ₹107.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 24,823,913 |
| Share holding post issue | 33,123,913 |
Mandhana Industries IPO offers 7,146,150 shares. 2,996,150 (41.93%) to QIB, 1,245,000 (17.42%) to NII, 2,905,000 (40.65%) to RII. 58,100 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,550 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,996,150 (41.93%) | NA |
| NII (HNI) Shares Offered | 1,245,000 (17.42%) | |
| Retail Shares Offered | 2,905,000 (40.65%) | 58,100 |
| Total Shares Offered | 7,146,150 (100%) |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,500 |
| Retail (Max) | 30 | 1500 | ₹195,000 |
| Lot Size Calculator | |||
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.
| Share Holding Pre Issue | 83.02% |
| Share Holding Post Issue | 62.21% |
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.
| 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 |
| KPI | Values |
|---|---|
| ROCE | 25.18% |
| RoNW | 27.35% |
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.
The Mandhana Industries IPO is subscribed 6.32 times on April 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 |
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.
| Listing Date | May 19, 2010 |
| BSE Script Code | 533204 |
| NSE Symbol | MANDHANA |
| ISIN | INE087J01010 |
| Final Issue Price | ₹130 per share |
| Price Details |
|---|
| Final Issue 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 |
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/initial_offer/public-issues.html
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 share. The minimum order quantity is 50 Shares.
The IPO opens on April 27, 2010, and closes on April 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 April 27, 2010 and closes on April 29, 2010.
Mandhana Industries IPO lot size is 50 Shares, and the minimum amount required is ₹6,500.
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, Nuvama, 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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