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House of Pearl to come up with IPO to finance expansion plan

19
Dec '06
Apparel manufacturing company based in Gurgaon, House of Pearl Fashion, is going to double its capacity to 40 million pieces in next three years and in couple of months it will acquire a retail chain in the US.

The company is planning to come up with IPO of Rs400 crores in couple of months to finance its expansion plans.

Out of Rs400 crores, Rs110 crores will be used for forward integration and Rs150 crores for backward integration and acquisition.

Apparel company is also planning to enter niche retail market in India by opening about eight to ten stores in few months.

The company has three streams in its integrated business model namely manufacturing, distribution and branding and sourcing and international design and development inputs feeds.


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