Monday 26 April 2010

Mandhana Industries IPO: Review Analysis & Details

Mandhana Industries is a real estate company whose Initial Public Offering or IPO is currently open.
In this article, we will look at the Review, Analysis and Details of the Mandhana Industries IPO and try to do the Review and analysis of Mandhana Industries IPO. Mandhana Industries

Mandhana Industries IPO: Review Analysis & Details

Some basic details first about the Mandhana Industries IPO, which are available as of now:

- The size of Mandhana Industries IPO is expected to be around 100-108 Crore Rs.

- The company is in the business of Textiles, and has its core strength in designing, especially for ladies. They are having international brands as well. Aditya Birla and Pantaloons are some of ite esteemed clients. They makes readymade garments and fabric.

What is the issue size of the Mandhana Industries IPO?
Around 100 to 108 Crore Rs is the size of the IPO.

How will the capital raised by Mandhana Industries IPO be used?
No info about that

What is the price band of Mandhana Industries IPO?
The price band is at 120 to 130 Rs. per share - final price to be decided by a 100% book building process

How many shares will be sold in the Mandhana Industries IPO?
No details available about the total no. of shares to be sold.

What is the trading symbol & exchange for the Mandhana Industries IPO
No info about that

What are the IPO dates for Mandhana Industries IPO
The IPO for Mandhana Industries is currently open dates are 27 to 29 APril 2010

Any ratings given to Mandhana Industries IPO?
Yes - a rating of 3 out of 5 is assigned to Mandhana Industries IPO, which indicate average to good fundamentals.

What are the analysts recommendations for this IPO?
The market experts believe that Mandhana Industries IPO is costly at higher price band of 130, but should be subscribed at 120 Rs. per share. Though the company has shown negative forex losses in the recent period of around last 9 months, it shouldn't be a long standing problem. Another good signal about this stock is that it is learnt that Axis Bank has invested in this company at around 115 Rs. per share few days back, so investors can try their luck with this IPO.

What are the business results for Mandhana Industries?
No info about that

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