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Tubeknit Fashions' capex IPO on Feb 21
17 Feb '07
3 min read
Tubeknit Fashions Limited is entering the capital market with an Offer for Sale of 5,20,000 Equity Shares of Rs.10 each and Public Issue of 37,55,000 Equity Shares of Rs.10 each through a 100% Book Building process. Out of the issue, 2,00,000 Equity Shares of Rs.10 each are reserved for the employees of the company and the net issue to the public is 47,75,000 Equity Shares. The issue would comprise 25.03% of the fully diluted post issue paid up capital of the company.
The Price Band is Rs.100 to Rs.120 per Equity Share of Rs.10 each. The Bid/Issue Opens on Wednesday, 21st February, 2007 and Closes on Tuesday, 27th February, 2007. Tubeknit Fashions Ltd was set up by Mr. P. Parthasarathi as a partnership firm in 1988, and converted into a private limited company in 1996 and then into a public limited company in 1999.
The Company has an integrated manufacturing set up in Tirupur with a capacity of 38,000 pieces of knitted garments per day making it one of Tirupur's leading exporters of hosiery garments. Its manufacturing facilities are spread across four locations fully backed by facilities for product development, design studios and efficient sampling infrastructure to provide quality service to customers. It has separate knitting unit and stitching units covering 1,39,000 sq.ft. and employing 1089 people directly. It has 12 satellite units that work only for the company covering 78,000 sq.ft. and employing over 1200 people.
Tubeknit Fashions Ltd has over two decades of experience in this business and caters to the demand of leading international brands. It derives almost its entire revenue from export of knitted garments. It has a diverse customer base with concentration on EU market and the knitted garments manufactured by the company caters to various segments in terms of age (like babies, toddlers, youngsters, elders), sex and usage (casual, sportswear, sweatshirts, pullovers, etc.).
The Price Band is Rs.100 to Rs.120 per Equity Share of Rs.10 each. The Bid/Issue Opens on Wednesday, 21st February, 2007 and Closes on Tuesday, 27th February, 2007. Tubeknit Fashions Ltd was set up by Mr. P. Parthasarathi as a partnership firm in 1988, and converted into a private limited company in 1996 and then into a public limited company in 1999.
The Company has an integrated manufacturing set up in Tirupur with a capacity of 38,000 pieces of knitted garments per day making it one of Tirupur's leading exporters of hosiery garments. Its manufacturing facilities are spread across four locations fully backed by facilities for product development, design studios and efficient sampling infrastructure to provide quality service to customers. It has separate knitting unit and stitching units covering 1,39,000 sq.ft. and employing 1089 people directly. It has 12 satellite units that work only for the company covering 78,000 sq.ft. and employing over 1200 people.
Tubeknit Fashions Ltd has over two decades of experience in this business and caters to the demand of leading international brands. It derives almost its entire revenue from export of knitted garments. It has a diverse customer base with concentration on EU market and the knitted garments manufactured by the company caters to various segments in terms of age (like babies, toddlers, youngsters, elders), sex and usage (casual, sportswear, sweatshirts, pullovers, etc.).
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