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.
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.
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.
Issue Detail:
»» Issue Open: Apr 27, 2010 - Apr 29, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 8,300,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 99.60 - 107.90 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 120 - Rs. 130 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE
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