Garments manufacturer and exporter SBC Exports on Thursday announced to launch the initial public offering (IPO) of its travel and tour subsidiary Mauji Trip in the current financial year.
The company said that details and terms of the initial share sale and issue size will be announced later subject to necessary approvals.
It also said that it aims to unlock value for the shareholders, strengthen the capital base of Mauji Trip Ltd and support its future growth plans with the strategic initiative.
Earlier, SBC Exports reported a consolidated revenue from operations of Rs 300.04 crore for 2024-25, a growth of 43.28 per cent over Rs 209.40 crore in the previous year.
The company's net profit increased by 41.52 per cent to Rs 13.36 crore in FY25, compared to Rs 9.44 crore in the previous year.
Meanwhile, SBC Exports recently entered into a partnership with Amazon India for the listing and sale of its apparel products on the Amazon online platform.
It is actively engaged in discussions with other major online retail platforms such as Flipkart, Myntra, and Meesho to explore additional opportunities for listing its complete portfolio of apparel products, it added.
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