Mar 22, 2013, 04.58 PM | Source: Moneycontrol.com
Mumbai-based garments manufacturer and retailer Ashapura Intimates Fashion is going to launch its public issue of 52.5 lakh equity shares of Rs 10 each on March 28, 2013.
The price band for the issue, which closes on April 4, is fixed at Rs 40 per equity share. Bids can be made for minimum 3000 equity shares and in multiples of 3000 shares thereafter.
The company proposes to utilize issue proceeds of Rs 21 crore for setting up 10 exclusive brand outlets (EBOs); branding and marketing set-up; investment in the equity shares of group company; modernization of machineries; working capital requirements; and general corporate purposes.
Ashapura Intimates reported net profit of Rs 1.65 crore on total income of Rs 57.47 crore for the period of six months ended September 2012.
Equity shares are proposed to be listed on Bombay Stock Exchange under SME platform.
KJMC Corporate Advisors (India) Limited is a book running lead manager and Link Intime India Private Limited is the registar to the issue.
SBI to auction Kingfisher House on March 17
The e-auction will be done under Securitisation an
'E-tailing era set to revolutionise SME sector in India'
E-tailing sector promises to revolutionise the bus
Ashapura Intimates opens EBO store at Magneto Mall, Raipur
Ashapura Intimates Fashion Ltd has informed BSE th
Ashapura Intima standalone Dec '15 sales at Rs 35.19 crore
Ashapura Intimates Fashion has reported a sales to
Ashapura Intimates Fashion: Outcome of board meeting
Ashapura Intimates Fashion has informed regarding
Jaitley likely to visit Australia in March; invite pension funds
Jaitley is also expected to be a part of the 'Make