Home / Knowledge / News / Apparel/Garments / SEBI gives nod to Sudar Garments IPO
SEBI gives nod to Sudar Garments IPO
Jan '11
Sudar Garments, a textile firm headquartered in Mumbai recently revealed that it has got the SEBI nod to issue an initial public offering (IPO) to raise a capital of around Rs 650-700 million.

After receiving the SEBI's permission the company would soon file the Red Herring Prospectus (RHP).

The company intends to offer 9.088 million equity shares to the public through book building process, where each share bears a face value of Rs 10. Ashika Capital Ltd is to serve as the sole Book Running Lead Manager for the issue.

This IPO would represent 49 percent of the totally diluted post issue capital of the firm.

The company engaged in production of women's wear, men's wear and kids wear, intends to use the IPO proceeds for expansion of its manufacturing facility at Khopoli in Maharashtra's Raigad district.

The facility presently functions on an area of 1,50,000 sq ft, while post IPO the firm intends to expand the area of the unit by further 50,000 sq ft. The unit now bears a capacity to produce two million garments per year, which would be further raised, post IPO.

The firm even intends to utilize a part of the proceeds for establishing a chain of retail stores, while the remaining fund would be used for brand creation.

The firm, which lately launched its personalized brand 'Glory to Glory', proposes to launch other two brands 'St Paul' and 'Majesty' by February, 2011.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search