The company is incorporated in 2008 and situated at Surat, Gujarat in India. It is dealing in trading of yarn, grey cloth and manufacturing and trading of knitted fabrics. It is facilitating trading services in both domestic and International markets. Traded materials of the company is used in the process of weaving and knitting of fabrics which is finally used for apparels such as sarees, shirtings, suitings and upholstery such as curtains etc. Currently, it have an installed production capacity of more than 6,00,000 kgs p.a. for knitted fabrics. It also undertake job work of yarn and fabrics in their own capacity or on outsource basis.
Sales model of the firm is divided into two parts:-
- a) Trading of Yarn and grey clothes.
- b) Supply of knitted fabrics.
Outlook of the Firm:-
- Yarn knowledge & Experienced Management
- Locational Advantage
- Diversified Product Range
- Customer Centric Business Model
- Sole Representative
- Quality and Innovation
- Technological Advantage
The company has filed its draft prospectus to be listed on the BSE, SME platform with markets regulator Securities and Exchange Board of India (SEBI). The company has received an approval letter from BSE for using its name in this offer document for listing its shares on the SME Platform of BSE.
Objects Of The Issue:
1) Working capital requirements.
Summary Of Issue:
|Issue Open:-||June 30, 2016-July 5,2016|
|Issue Type||Fixed Price Issue IPO|
|Issue Size (Shares)||1816000 Equity Shares of Rs. 10 aggregating|
|Issue Size in (Value)||Rs. 2.72 crore|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 15 Per Equity Share|
|Market lots||8000 Shares|
|Minimum Order Quantity||8000 Shares|
|Listing At||BSE, SME|
The Public offer includes:-31,92,000 Equity Shares
Promoters Of the Company:-
- Rohit Kumar Kapadia:- He is 72 years old, He is chairman and Whole time director of the company. He has an experience of around four decades in the textile industry.
- Ilaben Kapadia :- She is 72 years old. She is director of the company.
|Particulars||For the year/Period ended (Rs. in Million)|
|Profit After Tax (PAT)||32.10||35.77||33.27||47.62||36.87|
Lead Manager Details:-
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
108, Madhava Premises CHS Ltd,
Bandra Kurla Complex,
Bandra East, Mumbai 400051
Phone: +91 22 2659 8687 / 91
Fax: +91 22 2659 8690
Registrar To The Issue:
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Fax: 91-22-2847 5207
Registered Office Details:-
Titanium Ten Enterprise Ltd
Shop No. 901/914 Rajhans Complex,
9th Floor Ring Road,
Surat – 395002
Phone: +91 2612320240
Fax: +91 2612321615