Home / Knowledge / News / Textiles / Mukesh Udyog files IPO to fund expansion
Mukesh Udyog files IPO to fund expansion
01
Apr '11
Mukesh Udyog, a yarn producer has filed a draft red herring prospectus with the Securities & Exchange Board of India (SEBI) for launching a public issue of 7.5 million shares of Rs 10 each.

This issue is being filed through a 100% book building process.

Mukesh Udyog has a current installed capacity of 30,000 spindles and manufactures various types of yarn like, cotton, polyester/cotton and acrylic.

Mukesh plans to utilise the proceeds to expand capacity by 13,200 spindles to 43,200 spindles at an estimated cost of 328.8 million and for working capital requirements.

Mukesh Udyog has reported a net profit of Rs 34.2 million on a turnover of Rs 669.2 million for six months ended September 30, 2010.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Alibaba

Apparel/Garments | On 21st Feb 2017

Alibaba announces retail partnership with Bailian Group

Chinese e-commerce giant Alibaba Group has made another move in its...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Apparel/Garments | On 21st Feb 2017

Govt may free up retail FDI for domestic goods

Government may remove restrictions on retailers like Walmart and...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search