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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 ₹130.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,000 (50 shares). 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 Date | April 27, 2010 to April 29, 2010 |
| Listing Date | May 19, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹130 per share |
| Issue Price Final | ₹130 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 83,00,000 shares (aggregating up to ₹107.90 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,48,23,913 shares |
| Share Holding Post Issue | 3,31,23,913 shares |
Mandhana Industries IPO offers total 83,00,000 shares. Out of which 41,50,000 (50.00%) allocated to QIB, 29,96,150 (36.10%) allocated to QIB, 12,45,000 (15.00%) allocated to NII, 29,05,000 (35.00%) allocated to RII and 11,53,850 (13.90%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Mandhana Industries IPO opens on April 27, 2010, and closes on April 29, 2010.
| IPO Open Date | Tue, Apr 27, 2010 |
| IPO Close Date | Thu, Apr 29, 2010 |
| Tentative Listing Date | Wed, May 19, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 29, 2010 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
The Company Mandhana Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Setting up of new garment manufacturing facility at MIDC, Tarapur Maharashtra | 690.94 |
| 2 | Expansion of yarn dyeing and weaving facility at MIDC, Tarapur, in the State of Maharashtra | 1,027.95 |
| 3 | Margin Money for Working Capital | 355.00 |
| 4 | General Corporate Purpose | |
| 5 | Meeting issue expenses | 107.26 |
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 |
| BSE Listing Group | B |
Mandhana Industries Ltd.
205/214, Peninsula Centre,
Dr. S.S. Rao Road, Off Dr. Ambedkar Road,
Parel (East),
Mumbai, Maharashtra, 400012
Phone: + 91-22-4353 9191
Email: ipo@mandhana.com
Website: http://www.mandhana.com
MUFG Intime India Pvt.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 83,00,000 equity shares of the face value of ₹10 aggregating up to ₹107.90 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 50.
The IPO opens on April 27, 2010, and closes on April 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 April 27, 2010 and closes on April 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 Wednesday, May 19, 2010.
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