Home / Knowledge / News / Textiles / Shekhawati Poly-Yarn forays into capital market
Shekhawati Poly-Yarn forays into capital market
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

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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:
June 2017

June 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