Sudar Garments IPO : Plans to hit the market soon

by khalid on 28/12/2010 · 0 comments

The Initial Public Offer (IPO) of Sudar Garments Limited is likely to hit the market in next few months. The company plans to raise Rs 65-70 crore through this IPO. The Company proposes to offer 90.88 lac equity shares of Rs. 10 each to the public through 100% book building process. The Issue would constitute 49% of the fully diluted post-issue capital of the Company. Sudar Garments Limited, engaged in the manufacturing of garments for Mens wear, Womens wear and Kids wear.

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 integrated apparel manufacturer with a capacity of two million garments per annum, Sudar Garments Ltd presently manufactures under its own brand name “Glory to Glory” and will be launching shortly two more brands namely ‘St. Paul’ and ‘Majesty’.

The sole Book Running Lead Manager (BRLM) to the offer is Ashika Capital Limited.

Registrar of this issue is Link Intime India Pvt Limited Mumbai.

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

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