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 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eamonn Tighe
Nature Works LLC

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

Eric Scholler
Groz-Beckert

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search