IPO - Initial Public Offers - Scotts Garments Ltd IPO - Apr 29, 2013 in IPO's & MF's - ...
04-22-2013 07:33 PM
Scotts Garments Ltd IPO - Apr 29, 2013
Issue Price: Rs. 130 - Rs. 132 Per Equity Share
»» Issue Open: Apr 25, 2013 - Apr 29, 2013
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 10,506,954 Equity Shares of Rs. 10
»» Issue Size: Rs. 136.59 - 138.69 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Market Lot: 100 Shares
»» Minimum Order Quantity: 100 Shares
»» Listing At: BSE, NSE
Incorporated in 1992, Scotts Garments Ltd is engaged in the business of garment manufacturing. In addition to manufacture superior quality garments, company also provides additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Gander Mountain – USA, S Oliver, Frankfurt, C&A buying, Germany etc.
Scotts Garments specialize in tailor made products for men, women and kids. Products manufactured by the Company includes Shirts (Cotton, Denim), Tops, Skirts, Trouser (Cotton, Denim), Shorts, Cargos, Knitted Garments, T-Shirts (Basic and Embroidered), Sweats and Jerseys. They export their quality products to several MNC’s into more than 20 countries across the Globe. They have set up an exclusive display showroom at Apparel Export Promotion Council in Gurgaon.
The company has set up a 2.1 M.W capacity windmill at Bellary, Karnataka. The company has entered into Wheeling and Banking agreement with Gulbarga Electricity Supply Company Limited for the sale of the power generated through the wind mill. The company has also signed a Wheeling and Banking agreement with Tamil Nadu electricity board for the sale of power through wind mill at Tirunelveli district, Tamil Nadu.
Company's main suppliers of raw materials are Arthanari Loom Centre (Textile) Pvt. Ltd, Bombay Rayon Fashions Ltd, Shamlal Company (India) Pvt. Ltd, KG Denim Ltd, Arvind Ltd, Alok Industries Ltd and Nahar Industrial Enterprises Ltd.
Mr. Naseer Ahmed aged 50 years is the Chairman and Managing Director of the company.
Objects of the Issue:
The Objects of the Issue are to:
1. Setting up of unit for Trouser manufacturing and Knitting and Fabric Processing at Doddaballapur, Karnataka;
2. Margin Money for working capital of new unit;
3. General corporate purpose; and
4. Meet the issue expenses.
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