Thursday, April 22, 2010

Mandhana Industries Ltd IPO opening on Apr 27 to Apr 29

Mandhana Industries Ltd is entering in the capital markets with an initial public offering, IPO of 83,00,000 Equity Shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 120/- at lower level and Rs 130/- at upper level for equity share of Rs 10/-.


Incorporated in 1984, Mandhana Industries Limited is vertically integrated textile and garment manufacturing company in India having presence across operations ranging from yarn dyeing to garment manufacturing. Mandhana's business includes designing, yarn dyeing, weaving, processing, dyeing and garment manufacturing.


The issue opens on Apr 27, 2010, and closes for subscription on Apr 29, 2010. 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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