Mandhana Inds

By Research Desk
about 12 years ago
Mandhana Inds

Mandhana Industries has filed its DRHP with Sebi on 18/12/2007 to tap the capital market with a public issue of upto 4,025,000 equity shares of Rs 10 each. The issue of equity shares will constitute 26.66% of the fully diluted, post issue, paid up capital of the company.

 

The company proposed to list its shares on BSE and NSE. Edelweiss Capital is the BRLM to the issue.

 

The object of the issue is to part finance the company's expansion of existing manufacturing capacities at Tarapur and Bangalore and for setting up of a design and development center in Mumbai. The company is also setting up high-end fabric printing facility with 16-24 color and digital printing capabilities.

 

The company is engaged in the business of textile and garments. It has its manufacturing facilities and marketing set-ups in Mumbai, Bangalore, Chennai, New Delhi, Tarapur and Paris.

Post expansion, the company's yarn dyeing facility will increase to 3 milion kgs per annum, weaving to 30 millon meters per annum, fabric processing to 51.6 million metres per annum and garmenting to 14.23 million pieces per annum.

 

For the year 2007, Mandhana Industries posted a turnover of Rs 278 crore and net profit of Rs 35 crore. In the first half of the current financial year, the turnover reached Rs 221 crore.

 

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