Sumatex Ltd IPO : files DRHP with SEBI

by khalid on 20/12/2009 · 0 comments

Sumatex Limited is a computerized textile patern making company. Sumatex is the first Indian company who manufacture electronic controlled Computerized Pattern Maker (CPM) Ranging from 24 – 6000 hooks in different models for different means and purposes.

The company has filed a DRHP (draft red herring prospectus) with market regulator SEBI (Securities & Exchange Board of India) for floating an IPO of 70 lakh equity shares of Rs 10 each.

The proceeds of the IPO will be use by the company for setting up of additional unit at Bhilwara for expansion plan, Setting up of Research and Development Centre, Meeting the Margin Money for Working Capital and for Issue related expenses.

Ashika Capital Limited is the book running lead manager of the issue and Adroit Corporate Services Pvt. Ltd. is the registrar.

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: