IPO Updates: Mandhana Industries receives rating(grade) 3/5 from CRISIL

Mumbai based company Mandhana Industries, was incorporated in 1984 as Mandhana family. Mandhana Industries is engaged in the production of fabrics for domestic market and garments largely for export markets.

CRISIL has reaffirmed CRISIL IPO Grade 3/5 to the proposed initial public offer (IPO) of Mandhana Industries (MIL). This means according to CRISIL, Mandhana Industries has average fundamentals relative to other listed equity securities in India, according to their report.

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