Mandhana Industries IPO : Files papers with SEBI
Mandhana Industries, a vertically integrated textile and garment manufacturing company with global presence, has filed its DRHP (draft red herring prospectus) for IPO with SEBI.
The company plans to issue 8300000 equity shares of Rs 10 each at a price band to be decided later. The company plans to raise the funds to set up a new garment manufacturing facility and to expand its existing yarn dyeing & weaving facility both at Tarapur, on the outskirts of Mumbai at an estimated capex of Rs 206 crore.
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