Tuesday, April 27, 2010

Mandhana Industries Ltd
Price Band: Rs.120 to Rs.130
Issue Opens on: April 27, 2010 | Issue Closes on: April 29, 2010****

Issue Opens on: April 27, 2010
Issue Closes on: April 29, 2010
Bid Lot: 50 Shares & in Multiple of 50 shares
Price Band:Rs.120 to Rs.130
Issue size:108 crore
PO Rating:CRISIL IPO Grade 3/5
Issue highlights (Source: BRLM/RHP)
  • Mandhana Industries Ltd (MIL) started in 1993, as a textile trading company.

  • The company has further expanded its horizons to become vertically integrated textiles & garment manufacturing company with presence in yarn dyeing to garment manufacturing.
  • The company has current capacity of 3 million kg of yarn dyeing capacity, 1.8 million meters of fabric weaving capacity and 51.6 million meters of fabric processing capacity.

  • In the domestic market the company markets its fabrics through a network of agents and sales offices located in Delhi, Mumbai, Bangalore and Chennai.

  • In the overseas market, Europe accounts for major chunk of 78% of the export sales of the company followed by United States, Italy, UK, Turkey, and France.

  • It plans to set up new garment manufacturing facility with capacity of 4.7 million pieces per annum and to double its yarn dyeing & weaving facility at Tarapur with a capex of Rs 69.09 crore and Rs 102.79 crore, respectively.

  • The company maintained higher capacity utilizations in the yarn dyeing, weaving and garment divisions in 2008 and 2009.
  • The company's focus on strengthening apparel design and product development. Focus on the women-wear segment can also boost the company's revenues in coming years.

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