Home / Knowledge / News / Textiles / Shekhawati Poly-Yarn forays into capital market
Shekhawati Poly-Yarn forays into capital market
27
Dec '10
Shekhawati Poly-Yarn is foraying into the capital market with its initial public offer of 12 million equity shares, today. The firm intends to raise Rs 360 million by means of IPO at the set price of Rs 30 per share.

This issue is likely to represent 54.54 percent of the totally diluted post issue capital to be raised by the firm through the sale of its common shares.

The firm is currently involved in producing both texturized as well as twisted yarn. It intends to start the production of knitted fabric from texturized yarn.

It has also stated that the revenue generated from the sale of shares would be utilized for purchasing 30 new twisting machines as well as for setting up 30 knitting machines, purchasing a corporate office at a projected cost of Rs 32.5 million and also for fulfilling the working capital requirements of the company.

This expansion is likely to increase the capacity for twisting yarn with a potential of 4,620 MTPA, yarn knitting with a capacity of 1,980 MTPA and 20 machines for texturing yarn with a potential of 27,400 MTPA.

This expansion is likely to increase the capacity for twisting yarn to 4,620 MTPA, yarn knitting to 1,980 MTPA and by adding 20 texturing machines; production of the same would rise to 27,400 MTPA.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Apparel/Garments | On 18th Aug 2017

Papua New Guinea govt to help set up garment industry

The government of Papua New Guinea (PNG) plans to focus and fund...

Courtesy: FineLine Technologies

Apparel/Garments | On 18th Aug 2017

FineLine Technologies acquires RER International

FineLine Technologies Inc., industry’s fastest supplier of retail...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


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



X