Mandhana Industries IPO opens; price band Rs 120-130/share
Mandhana Industries, an integrated textile and garment manufacturing company, has hit the primary market with its initial public offering of 83 lakh shares.
By ET Bureau |
MUMBAI: Mandhana Industries, an integrated textile and garment manufacturing company, has hit the primary market with its initial public offering of 83 lakh shares.
The price band of IPO is fixed at Rs 120-130 per share. The issue closes Thursday.
The proceeds will be used for setting up of new garment manufacturing facility at MIDC, Tarapur Maharashtra; expansion of yarn dyeing and weaving facility at MIDC, Tarapur, Maharashtra and for working capital.
The company has presence across operations ranging from yarn dyeing to garment manufacturing.
As per the NSE website, till 12 pm, the issue was subscribed 0.28 times. Of the total 23.38 lakh bids received, 7700 bids were placed at the cut-off price.
The price band of IPO is fixed at Rs 120-130 per share. The issue closes Thursday.
The proceeds will be used for setting up of new garment manufacturing facility at MIDC, Tarapur Maharashtra; expansion of yarn dyeing and weaving facility at MIDC, Tarapur, Maharashtra and for working capital.
The company has presence across operations ranging from yarn dyeing to garment manufacturing.
As per the NSE website, till 12 pm, the issue was subscribed 0.28 times. Of the total 23.38 lakh bids received, 7700 bids were placed at the cut-off price.
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