Mandhana Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,150,000 (50%) | — | ₹5,395 Cr |
| NII (HNI) | — | 1,245,000 (15%) | — | ₹1,619 Cr |
| Retail | — | 2,905,000 (35%) | — | ₹3,777 Cr |
| Σ Total | — | 8,300,000 (100%) | — | ₹107,900 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,500 |
| Retail (Max) | 13 | 650 | ₹84,500 |
| S-HNI (Min) | 14 | 700 | ₹91,000 |
| B-HNI (Min) | 67 | 3,350 | ₹435,500 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|
| Revenue | 46,325 | 40,694 | 24,034 |
| Profit After Tax | 3,656 | 3,530 | 1,943 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 – 10.72
Company Overview
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.