The initial public offering or IPO of Anshu's Clothing Ltd. will hit the capital market during September 26 to raise around Rs.5.05 crore. The issue will close on September 28.
The company plans to utilize the IPO proceeds (of Rs.4.7 crore after meeting issue expenses) for making advances of long-term nature for long-term supplies of inputs required in business operations.
The company clocked a net profit of Rs.50 lakh on revenues of Rs.28 crore for the year ended March 31, 2012.
First Call India Equity Advisors Private Ltd. is the book running lead manager to the issue.
The company is engaged in the business of activities of ready made garments consisting of women's and kids wear. It is mainly deal in the business of designing, trading, job contract manufacturing, branding and selling of ready-made apparels under brands promoted in the name of company and its promoters.
by RTT Staff Writer
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