India : Apparel maker Nandani Creation to raise Rs 4cr through IPO

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Home / Knowledge / News / Apparel/Garments / Apparel maker Nandani Creation to raise Rs 4cr through IPO

Apparel maker Nandani Creation to raise Rs 4cr through IPO

21
Sep '16

Models wearing Jaipuri kurtis. Courtesy: Nandani Creation

Nandani Creation, a Jaipur based manufacturer and trader of women's fashion wear, is planning to raise Rs 4.04 crore through an initial public offering (IPO). A draft prospectus of the company has been filed with NSE Emerge—the SME platform of NSE. The prospectus has been filed by Merchant banker Pantomath Capital Advisors along with Indian Overseas Bank.

The company proposes to issue 14,55,000 equity shares at a price of Rs 28 per share including a premium of Rs 18 per equity share, a news agency said quoting Pantomath group MD Mahaveer Lunawat.

Established in 2004, Nandani is known for its ethnic wear, especially the Jaipuri kurti which come in different designs, colours and sizes. The company has e-retail distribution network model for its products. (RKS)

Fibre2Fashion News Desk – India

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