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Issue Open Date
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27-Apr-10
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Issue Closing Date
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29-Apr-10
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Application Money
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100
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Allotment Money
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Price Band
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120
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130
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Minimium Application No.
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50
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Issue Size (Shares)
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7146150
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Market Lot
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1
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Objective
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The Objects of the Issue are the following: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; and5) Meeting issue expenses
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1245000
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13095750
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10.52
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Qualified Institutional Buyers
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2996150
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23893300
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7.97
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Retail Individual Investors
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2905000
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8154000
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2.81
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Business Description
We are a vertically integrated textile and garment manufacturing company in India having presence across operations rangingfrom yarn dyeing to garment manufacturing. Our operations and facilities enable us to manufacture a wide variety of value-addedfabrics and garments through our integrated operations comprising of dyeing of yarns and fabrics, weaving operations for fabrics,processing solutions for both, fabrics and garments, garment manufacturing, domain expertise in providing sampling anddesigning for both fabrics and garments.Our major business segments include Textiles and Garments. Our focus is to capitalize on the vertical integration of ouroperations and thereby achieve higher profit margins from our garment business. We believe that we have achieved a high levelof self-sufficiency in producing new designs and samples for our clients, which has helped us in enhancing our product portfolioand improving our adaptability to the latest trends. We have positioned ourselves as a multi-product, multi-fibre and multi-marketplayer ensuring that our target market is a diverse mix of domestic fabrics and garments as well as the international garmentmarkets.Under textiles, we derive major share of our revenues from the sale of greige and finished fabrics. Textiles contributed 66.63% ofour total revenues for FY 2009 and 72.07% of our total revenues for FY 2008. For textiles we mainly cater to the domestic marketwhich includes clients like Aditya Birla Nuvo (manufacturers of brands like Louis Phillipe, Van Heusen, Peter England, AllenSolly), Pantaloon Retail, ITC (manufacturer of brand Wills LifeStyle), Woodland, Liliput, Blackberry, Indian Terrain Clothing,Colorplus Fashion, PJL Clothing India Limited (manufacturers of the brand Pepe in India), Turtle, Gini and Jony Limited and SOliver.88.06% of our garment production is exported by us world wide spanning across 25 countries and 5 continents of which theEurope markets constitute of 83.62% of the total export sales of garments for FY 2009. Our export clientele constitutes more than112 customers (as on March 31, 2009), which includes brands/labels and retail chains for garments including Tommy Hilfiger,Charles Vogele, FCUK, RIP CURL, All Saints, Artman, Simint, Gintonic, No Excess, Pepe Jeans, LAFUMA, Sixty, Jam Session,Auchan, Ben Sherman, Gilmer, Woolrich, Valentino, Eurocormer and Newyorker.We believe that the increase in disposable incomes of the middle class in India has given a boost to sales of ready made garmentsas compared to earlier. This offers us with opportunities in the domestic garment segment, given our domain expertise in this area.Currently, we supply our garment products to Pantaloon, Lee Cooper, Aditya Birla Nuvo, Shopper Stop, PJL Clothing IndiaLimited (manufacturers of the brand Pepe in India), Wills LifeStyle and others.
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Back
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Address |
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 :
www.mandhana.com
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Registrar |
Link Intime India Pvt Ltd
C-13 Pannalal Silk Compound
L B S Marg
Bhandup
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Axis Bank Ltd
Edelweiss Capital Ltd
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Promoters |
Biharilal Mandhana
Manish Mandhana
Priyavrat Mandhana
Purushottam Mandhana
Purushottam Mandhana (HUF)
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Promoter's Holding
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Total Share Capital
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24823913
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Offered to Public
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8300000
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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62.21
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