Mandhana Industries IPO : Listing on 19th May 2010

by khalid on 19/05/2010 · 0 comments

Mandhana

Mandhana Industries has entered the capital market with an initial public offering (IPO) of 8300000 equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 19th May 2010. The IPO was open from 27th Apr 2010 to 29th Apr 2010. The price band was Rs 120 to Rs 130 and the Issue Price was fixed at Rs 130 per equity share.

IPO Listing Detail :-
Listing Date: 21st May 2010
BSE Scrip Code: 533204
Listing In: B Group of Securities
ISIN: INE087J01010
Issue Price: Rs 130.00 Per Equity Share
Face Value: Rs 10.00 Per Equity Share

Issue Detail:-
Issue Open : 27th Apr 2010
Issue Closes : 29th Apr 2010
Issue Type : 100% Book Builing Issue
Issue Size : 8300000 Equity Shares of Rs 10 each
Issue Size : Rs. 107.90 crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 120 – Rs. 130 Per Equity Share
Market Lot : 50 Equity Shares
Minimum Order Quantity : 50 Equity Shares
IPO Grading : 3 by CRISIL
Listing At : BSE, NSE

The proceeds of the IPO will be used to Setting up of new garment manufacturing facility at MIDC, Tarapur Maharashtra, Expansion of yarn dyeing and weaving facility at MIDC, Tarapur, in the State of Maharashtra, Margin Money for Working Capital, General Corporate Purpose and Meeting issue expenses.partially finance the Yamuna Expressway Project and General corporate purposes.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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