The Rs 5.05-crore IPO of Anshu's Clothing , which engaged in the business activities of readymade garments consisting of women's and kids wear, will open for subscription during September 26-28, 2012.
The company is operating in women's exclusive ethnic wear, women's casual wear and kids wear segment. 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.
Anshu's Clothing intends to use issue 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.
Net profit of the company rose by 30.78% year-on-year to Rs 50.31 lakh and revenues went up by 136.53% to Rs 27.79 crore in the year ended March 31, 2012.
The equity shares are proposed to be listed on the BSE SME platform.
First Call India Equity Advisors Private Limited is the book running lead manager to the issue.
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