Coimbatore: Tirupur-based S P Apparels, a manufacturer and exporter of knitted garments, on Friday said it aims to raise Rs 215 crore through its initial public offer opening on August 2.
The company has fixed a price band at Rs 258-268 per equity share of face value of Rs 10 each for the IPO.
A total of nine lakh shares would be on offer and this would aggregate up to Rs 215 crore, company chairman and managing director P Sundararajan told reporters here.
Bids can be made for a minimum of 55 equity shares and in multiples of 55 thereafter and the shares were proposed to be listed on BSE and NSE, Sundararajan said.
The business of the company consists of garments division for manufacture and export of knitted garments for infants and children and the retail division for manufacture, distribution and marketing of products in India under the Crocodile brand, he said.
The company generated a revenue of Rs 5,377.54 million with a net profit of Rs 347.14 million in 2016 fiscal.
On future plans, Sundararajan said that though the company was totally concentrating in infants, children and menswear (Crocodile) as of now, it may foray into women's garments in the future.
With 40 retail showrooms, the company propose to open another 70 stores, including franchisee in the next three years, he said.
Coimbatore: Tirupur-based S P Apparels, a manufacturer and exporter of knitted garments, on Friday said it aims to raise Rs 215 crore through its initial public offer opening on August 2.
The company has fixed a price band at Rs 258-268 per equity share of face value of Rs 10 each for the IPO.
A total of nine lakh shares would be on offer and this would aggregate up to Rs 215 crore, company chairman and managing director P Sundararajan told reporters here.
Bids can be made for a minimum of 55 equity shares and in multiples of 55 thereafter and the shares were proposed to be listed on BSE and NSE, Sundararajan said.
The business of the company consists of garments division for manufacture and export of knitted garments for infants and children and the retail division for manufacture, distribution and marketing of products in India under the Crocodile brand, he said.
The company generated a revenue of Rs 5,377.54 million with a net profit of Rs 347.14 million in 2016 fiscal.
On future plans, Sundararajan said that though the company was totally concentrating in infants, children and menswear (Crocodile) as of now, it may foray into women's garments in the future.
With 40 retail showrooms, the company propose to open another 70 stores, including franchisee in the next three years, he said.
Coimbatore: Tirupur-based S P Apparels, a manufacturer and exporter of knitted garments, on Friday said it aims to raise Rs 215 crore through its initial public offer opening on August 2.
The company has fixed a price band at Rs 258-268 per equity share of face value of Rs 10 each for the IPO.
A total of nine lakh shares would be on offer and this would aggregate up to Rs 215 crore, company chairman and managing director P Sundararajan told reporters here.
Bids can be made for a minimum of 55 equity shares and in multiples of 55 thereafter and the shares were proposed to be listed on BSE and NSE, Sundararajan said.
The business of the company consists of garments division for manufacture and export of knitted garments for infants and children and the retail division for manufacture, distribution and marketing of products in India under the Crocodile brand, he said.
The company generated a revenue of Rs 5,377.54 million with a net profit of Rs 347.14 million in 2016 fiscal.
On future plans, Sundararajan said that though the company was totally concentrating in infants, children and menswear (Crocodile) as of now, it may foray into women's garments in the future.
With 40 retail showrooms, the company propose to open another 70 stores, including franchisee in the next three years, he said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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