Home / Knowledge / News / Textiles / Bang Overseas to set up at new apparel unit thru IPO
Bang Overseas to set up at new apparel unit thru IPO
Jan '08
Bang Overseas Limited, a provider of fashion fabrics and ready-to-wear requirements in apparel, textile and retail segment, is entering the capital market with an Initial Public Offering (IPO) of 3,500,000 Equity Shares of Rs 10 each for cash at a price (Equity Shares) to be decided through a 100% Book-Building Process.

The Issue will constitute 25.81% of the post-issue paid-up capital of the Company. The Bid/ Issue will open for subscription on January 28, 2008, and close on January 31, 2008. The Price Band has been fixed between Rs 200 and Rs 207 per Equity Share.

The Issue comprises a Net Issue of 3,400,000 Equity Shares of Rs 10 each after a reservation for eligible employees of 100,000 Equity Shares of Rs 10 each for cash at a premium. The Equity Shares are proposed to be listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited.

At least 50% of the Net Issue shall be allotted to Qualified Institutional Bidders (“QIBs”) on a proportionate basis, of which 5% shall be available to Mutual Funds only. If at least 50% of the Net Issue cannot be allotted to QIBs, then the entire application money shall be refunded.

Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders.

The proceeds from the proposed Issue of Equity Shares are to be deployed for setting up retail outlets across India; brand building; setting up a new apparel manufacturing unit; warehousing and logistic facilities; general corporate purposes and to meet Issue expenses.

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

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

Eric Scholler

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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