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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Anvita Mehra
Confidential Couture

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

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Madhu Jain
Madhu Jain

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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