The company has received an approval letter dated April 15, 2016 from NSE for using its name in this offer document for listing shares on the NSE SME Platform.
Company Profile:- The company was set up as on 11, December 2015 in Gujarat. Intial phase of the firm, it was only dealing the trading business of Grey cloth fabrics. Further, the company started the manufacturing/weaving of Grey denim, Grey shirting fabric and cotton grey fabric in October, 2013 due to which top line of the company has improved to Rs. 965.23 Lacs and Rs. 3183.66 Lacs in the FY 2014 and FY 2015 respectively.
Currently, company is having 42 Airjet automatic Looms having capacity to manufacture/weaving upto 688 meters grey denim/grey fabric/cotton grey fabric per day per 3 shifts Airjet automatic loom. Company operates at its average capacity of i.e. 7,00,000 meters per month.
The firm is also engaged to set up spinning unit with an installed capacity of 20064 spindles for which company has already purchased land admeasuring area of 15,935 sq. meters at village Timba, Daskroi, Ahmedabad.
Outlook of the company:-
- Vast experience over 10 years with sound market knowledge
- Prime Location of our weaving Unit
- Quality Assurance
Purpose of the issue
- Expansion of business by setting up spinning unit;
- Meeting Public Issue Expenses.
Summary Of Issue:
|Issue Open:-||May 25, 2016 – May 30, 2016|
|Issue Type||Fixed Price Issue IPO|
|Issue Size (Shares)||Fresh Issue of 1,701,000 Equity Shares of Rs 10|
|Issue Size in (Value)||Rs. [ 7.65]Crore|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs.  – Per Equity Share|
|Minimum Order Quantity||Shares|
|Listing At||SME, NSE|
Promoters Of the Company:-
1) Mr. Nirmal Mittal:- He is commerce graduate and having 35 years of experience in textile business. He is 59 years old.
2) Mr. Gagan Mittal :- He is having 9 years of experience in textile business. He is 33 years old.
|Particulars||For the year/Period ended (Rs. in Million)|
|Profit After Tax (PAT)||78.63||45.06||26.13||0.41||0.24|
Lead Manager Details
CORPORATE STRATEGIC ALLIANZ LIMITED
808, Samedh Complex, Near Associated Petrol Pump,
C.G. Road, Ahmedabad – 380 006, Gujarat- India.
Tel No: +91-79- 40301750, Tele Fax No: +91- 79- 40024670
SEBI REGN NO: INM 000011260
Email Id: firstname.lastname@example.org
Contact Person: Mr. Nevil R. Savjani
Registrar Of The Company
SATELLITE CORPORATE SERVICES PRIVATE LIMITED
B-302, Sony Apartment, Opp. St. Jude High School, 90 ft. Road, Off
Andheri Kurla Road, Jarimari, Sakinaka, Mumbai – 400 072.
Tel: +91-22- 28520461/462, Fax:+91-22- 28511809
SEBI REGN NO: INR000003639
Email Id: email@example.com
Contact Person: Mr. Michael Monteiro
Survey No. 238, 239, Shahwadi, Opp. New Aarvee Denim,
Narol-Sarkhej Highway, Ahmedabad. Gujarat – 382405
Tel:- +91 9925232824;
Company Secretary and Compliance Officer: Ms. Anjali Sangtani;