Home / Knowledge / News / Apparel/Garments / Sudar Garments intends to hit capital market through IPO
Sudar Garments intends to hit capital market through IPO
18
Jan '11
Despite the fact that the textile as well as the apparel sector is on the path of recovery and is slowly heading towards growth, Mumbai-based Sudar Garments intends to hit the capital market through an initial sale of shares during this fiscal year. It has got the approval from market regulator SEBI to raise Rs 65-70 crore through IPO.

The firm intends to raise about Rs 65-70 crore through the proposed IPO. It has already got the sanction from SEBI and is going to file the Red Herring Prospectus (RHP) shortly.

The IPO would amount to 49 percent of the fully diluted post-issue capital of the firm. The firm recommends offering 90.88 lakh equity shares of Rs 10 each to the public through 100 percent book building process.

In order to expand its manufacturing unit at Khopoli in the Raigad district of Maharashtra, the textile firm which manufactures apparels for men, women as well as kids is likely to use the proceeds from the sale of its shares.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Mar 2017

'Increase in demand for organic designer linen'

There has been an increase in the demand for organic designer linen....

Apparel/Garments | On 29th Mar 2017

Jo-Ann launches 'Buy Online, Pick Up in Store' service

Jo-Ann Fabric and Craft Stores, a specialty retailer of crafts and...

Courtesy: Pratibha Syntex

Textiles | On 29th Mar 2017

Pratibha Syntex wins C&A's Best Global Supplier Award

Pratibha Syntex, a leading manufacturer and exporter of knitted...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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