Chiripal Industries IPO Files for DRHP with Sebi

• Author: admin
• Filed under: DRHP, IPO, SEBI, Textiles
• Date: Mar 25,2008

Chiripal Industries is one of the many Textile players in india, They have filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). CIL proposes to access the domestic capital market with its initial public offering (IPO) of 14,216,700 equity shares of Rs 10 each for cash at a price to be decided through 100% book-building process.
The IPO comprises of a net issue to public of 12,100,000 equity shares of Rs 10 each, Promoters’ contribution of 1,916,700 equity shares of Rs 10 each and a reservation of up to 200,000 equity shares of Rs 10 each for eligible employees. The net issue will constitute 34.57% of the post issue paid up capital of the company.

Bang Overseas IPO - Bang Overseas IPO opening on Jan 28th 2008

• Author: admin
• Filed under: IPO, Textiles
• Date: Jan 18,2008

About Bang Overseas
Bang Overseas Ltd is one of the leading manufacturers and exporters of men’s wear. Headquartered in Mumbai, our fast growing company was established in the year 1992. Since then we have engaged ourselves in apparel, textile and retail market. We have always focused on the men’s wear section but however we also deal in providing rare services like concept development, designing, manufacturing to logistic and marketing

About Bang Overseas IPO
Bang Overseas is entering in the capital markets with an initial public offering, IPO of 3,500,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
Price Band
The price band for the issue has been fixed at Rs. 200/- at lower level and Rs. 207/- at upper level for equity share of Rs. 10/-. Issue date
The issue opens on Jan 28, 2008, and closes for subscription on Jan 31, 2008.

SEL Manufacturing Company bags 74 crore worth order

• Author: rupya
• Filed under: Textiles
• Date: Aug 25,2007

SEL Manufacturing Company Ltd has informed BSE that the Company has received an Export Order for exporting readymade garments to the extent of 18 million USD (Appx. Rs 73.80 Crores). The order is to be executed in three stages upto January, 2008 commencing from September 2007.
SEL Manufacturing Company which listed just 3 days before listed below par on the starting at 88 or so and then went up the same day till 157 and now quoting at above 200 rs , this is some share everyone will be looking for take profit in down market , this comes once in blue moon.

Banswara Syntex secures export orders worth Rs 20 cr.

• Author: rupya
• Filed under: Textiles
• Date: Mar 16,2007

Banswara Syntex Ltd on March 15, 2007, has announced that the Company has bagged export orders recently worth Rs 20 crore, thus taking the total export order book position of Rs 60 crore as on March 14, 2007. The Company has bagged these fresh orders to supply high-value fabrics, yarn & garments. These orders are to be executed in the next 3 months.