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| PRODUCT NOTE |
| MANDHANA INDUSTRIES LIMITED |
| OPENS ON : 27/04/2010 |
CLOSES ON : 129/04/2010 |
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| Company Details: |
- Mandhana Industries Limited is a vertically integrated textile and garment manufacturing company in India having presence across operations ranging from yarn dyeing to garment manufacturing.
- Their major business segments include Textiles and Garments. In Textile segment, they mainly cater to the domestic market which includes 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. For Garments, their export clientele
constituted around 100 customers.
- Their focus is to capitalize on the vertical integration of their operations which would lead to reduction in cost of raw materials and enables them to achieve quality control and thereby result into higher profit margins from their garment business.
- The Objects of the Issue are : Setting up of new garment manufacturing facility, Expansion of yarn dyeing and weaving facility at MIDC, Tarapur, in the State of Maharashtra , Margin Money for Working Capital , General Corporate Purpose, Meeting issue expenses.
- The Profit after tax as on 31st March 2009 is Rs. 161.50 million and Total Income is Rs.
1509.08 million.
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| IPO GRADING |
| : the Offer has been graded byCRISIL, as 3/5 indicating average fundamentals. |
| Issue Details: |
| Issue Size |
: |
83,00,000 equity shares |
| Face value |
: |
Rs.10/- per share. |
| Floor Price |
: |
Rs.120 |
| Cap Price |
: |
Rs.130 |
| Lot Size |
: |
50 Equity Shares |
| Exchanges |
: |
BSE & NSE |
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| Book Running Lead Manager : |
- Edelweiss Capital Limited and
- Axis Bank Limited
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| Syndicate Member |
- Edelweiss Securities Limited
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| ISSUE STRUCTURE |
| S. No. |
Main Category |
No of equity shares reserved for the main category |
|
| 1. |
QIB |
41,50,000 |
50 % |
| 2. |
Non Institutional Bidders
|
12,45,000 |
15 % |
| 3. |
Retail |
29,05,000 |
35% |
| 4. |
Employee |
83,00,000 |
100 % |
| Total Issue Size |
1+2+3 |
16,048,011 Equity shares |
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Cheque Details: In case of Resident Bidders: “Escrow Account- Mandhana Public Issue - R”
Bankers to the issue : Axis Bank, ICICI Bank and SCB |
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650
IRDA Registration Number : CB-066/03
AMFI Registration No : ARN -0032 |
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