Tuesday, July 26, 2016

S P Apparels IPO to open on Aug 2nd

S.P. Apparels Ltd is entering in the capital markets with an initial public offering (IPO) consisting of a fresh issue aggregating up to Rs 215 crore and an offer for sale of up to 9,00,000 equity shares. The price band for the issue has been fixed at Rs 258 at lower level and Rs 268 at upper level.

S P Apparels manufactures and sells knitted garments for infants and children in India. Company's product range includes body suits, sleep suits, tops, and bottoms. They also manufacture a broad range of menswear garments under the brand 'Crocodile'.

The issue opens on Aug 2, 2016 and closes for subscription on Aug 4, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).