Home / Knowledge / News / Apparel/Garments / Cantabil IPO to raise Rs 1.05 bn
Cantabil IPO to raise Rs 1.05 bn
May '10
Delhi-based garment manufacturer and retail chain store, Cantabil, announced that it had received Securities and Exchange Board of India's (SEBI's) approval to float its initial public offering (IPO).

The public issue is likely to hit the market within the coming two months and the company is expecting to raise Rs 1.05 bn from the process. The income generated thereafter will be utilised for funding the company's expansion plans, informed officials from Cantabil Retail.

Last year during September 2009, the company had lodged the draft red herring prospectus with SEBI. In a statement released currently, it was also mentioned that, the funds raised via the IPO will help in establishing a new manufacturing unit at Bahadurgarh in Haryana, repay parts of debt and help in retail expansion.

Currently, Cantabil has more than 380 exclusive outlets across the nation under its two brands, Cantabil and La Fanso. These outlets offer an array of garments such as formal clothing, party-wear, ultra-casual and casual apparels for all segments.

The company also operates three in-house production units and four warehouses located in New Delhi and is promoted by Vijay and Deepak Bansal.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search