Sudar Garments IPO : Files DRHP with SEBI

by khalid on 23/09/2010 · 0 comments

Mumbai based Sudar Garments is a manufacturing exporter of well designed ready made garments including the apparels in export style for gents and ladies. The company is planning to enter capital markets with its maiden public issue aggregating up to Rs 2000 crore for equity shares of face value Rs 10 each. The company has filed a Draft Red Herring Prospectus (DRHP) on 19th Sep 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The issue is likely to hit market in near future.

The proceeds of the issue would be deployed for expansion of existing apparel manufacturing unit, meeting of working capital requirement and setting up retail outlets and brand building. The issue constitutes 49% of the fully diluted post-issue paid up capital of the company.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The sole Book running lead managers to the issue is Ashika Capital Limited.

Registrar of the Issue : Link Intime India Private Ltd, Mumbai.

Stay tuned to BelltheBull Blog for more on Sudar Garments IPO !

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