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First Winner to fuel future growth thru IPO route
04 Jun '08
3 min read
The Company has two subsidiaries; viz., Ramshyam Textile Industries Limited and First Winner Lifestyle Private Limited (formerly Realgold Exports Private Limited), which are engaged in the same business. Ramshyam Textile Industries Limited is having 48 looms with total installed capacity of 42.24 lakh meter fabrics per annum. First Winner Lifestyle Private Limited has a weaving unit with 48 looms and total installed capacity of 62 lakh meters per annum.
In order to diversify and expand its business activities, the Company has decided to set up a new apparel manufacturing facility with a production capacity of 5,000 pieces of men's wear shirts per day at an estimated cost of Rs. 1,203.98 lakhs and setting up of a new weaving unit to increase its existing production capacity to 170 lakhs meter p.a. at an estimated cost of Rs. 2,163.47 lakhs.
The Company also intends to make prepayment of term loan amounting to Rs. 1,800 lakhs. The Company plans to meet the aforesaid objectives by means of issue proceeds.
In order to diversify and expand its business activities, the Company has decided to set up a new apparel manufacturing facility with a production capacity of 5,000 pieces of men's wear shirts per day at an estimated cost of Rs. 1,203.98 lakhs and setting up of a new weaving unit to increase its existing production capacity to 170 lakhs meter p.a. at an estimated cost of Rs. 2,163.47 lakhs.
The Company also intends to make prepayment of term loan amounting to Rs. 1,800 lakhs. The Company plans to meet the aforesaid objectives by means of issue proceeds.
First Winner Industries Limited
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