Bookbuilding IPO | ₹108 Cr | Listed at BSE, NSE | Tue, Apr 27, 2010 - Thu, Apr 29, 2010
Mandhana Industries IPO is a book build issue of ₹107.90 crores. The issue is entirely a fresh issue of 0.83 crore shares of ₹107.90 crore.
Mandhana Industries IPO bidding started from Apr 27, 2010 and ended on Apr 29, 2010. The shares got listed on BSE, NSE on May 19, 2010.
Mandhana Industries IPO price band is set at ₹130 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,500 (50 shares) (based on upper price). The lot size investment for sNII is 31 lots (1,550 shares), amounting to ₹2,01,500, and for bNII, it is 154 lots (7,700 shares), amounting to ₹10,01,000.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Mandhana Industries IPO RHP for detailed Information.
IPO Open
Tue, Apr 27, 2010
IPO Close
Thu, Apr 29, 2010
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹430.61 Cr
| IPO Date | 27 to 29 Apr, 2010 |
| Listed on | Wed, May 19, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 83,00,000 shares (agg. up to ₹108 Cr) |
| Fresh Issue | 83,00,000 shares (agg. up to ₹108 Cr) |
| Share Holding Pre Issue | 2,48,23,913 shares |
| Share Holding Post Issue | 3,31,23,913 shares |
| BSE Script Code / NSE Symbol | 533204 / MANDHANA |
| ISIN | INE087J01010 |
Mandhana Industries IPO comprises a total issue size of 83,00,000 shares. Out of which, 41,50,000 (50.00%) are allocated to QIB, 12,45,000 (15.00%) allocated to NII 29,05,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 41,50,000 | 50.00% | NA |
| − Anchor Investor Shares Offered | 11,53,850 | 13.90% | NA |
| − QIB (Ex. Anchor) Shares Offered | 29,96,150 | 36.10% | NA |
| NII (HNI) Shares Offered | 12,45,000 | 15.00% | NA |
| Retail Shares Offered | 29,05,000 | 35.00% | 58,100 |
| Total Shares Offered | 83,00,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,500 |
| Retail (Max) | 30 | 1,500 | ₹1,95,000 |
| S-HNI (Min) | 31 | 1,550 | ₹2,01,500 |
| S-HNI (Max) | 153 | 7,650 | ₹9,94,500 |
| B-HNI (Min) | 154 | 7,700 | ₹10,01,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of new garment manufacturing facility at MIDC, Tarapur Maharashtra | 69.09 |
| 2 | Expansion of yarn dyeing and weaving facility at MIDC, Tarapur, in the State of Maharashtra | 102.79 |
| 3 | Margin Money for Working Capital | 35.50 |
| 4 | General Corporate Purpose | |
| 5 | Meeting issue expenses | 10.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 83.02% | 62.21% |
| Market Cap | ₹430.61 Cr. |
The Mandhana Industries IPO is subscribed 6.32 times on April 29, 2010 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 7.97 | 29,96,150 | |
| NII | 10.52 | 12,45,000 | |
| Retail | 2.81 | 29,05,000 | |
| Total | 6.32 | 71,46,150 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 4.72 |
| 2 | SCSB’s Commission | 0.01 |
| 3 | Advertising and marketing expenses | 3.09 |
| 4 | Printing and stationery (including transportation charges) | 1.66 |
| 5 | Others (Registrar’s fees, legal fees, fees for auditors and bankers to the issue, stamp duty, initial listing fees and annual listing fees, SEBI filing fees, other statutory fees, depository fees, charges for using the book building software of the exchanges and other related expenses) | 1.20 |
| 6 | Fees paid to IPO grading agency | 0.04 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹130.00 | ₹130.00 |
| Open | ₹132.70 | ₹131.00 |
| Low | ₹130.00 | ₹130.00 |
| High | ₹139.15 | ₹139.50 |
| Last Trade | ₹133.65 | ₹133.55 |
Lead Manager Reports
Mandhana Industries IPO is a main-board IPO of 83,00,000 equity shares of the face value of ₹10 aggregating up to ₹108 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 50.
The IPO opens on Tue, Apr 27, 2010, and closes on Thu, Apr 29, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mandhana Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Mandhana Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mandhana Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mandhana Industries IPO opens on Tue, Apr 27, 2010 and closes on Thu, Apr 29, 2010.
Mandhana Industries IPO lot size is 50, and the minimum amount required for application is ₹6,500.
You can apply in Mandhana Industries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, May 19, 2010.
