Issue Price: Rs. 72 - Rs. 77
Issue Detail:
»» Issue Open: Feb 21, 2011 - Feb 24, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 9,088,000 Equity Shares of Rs. 10
»» Issue Size: Rs. [.] Crore
»» Face Value: Rs. 10 Per Equity Share
Subscription Bid Details:
Number of Times Issue is Subscribed (BSE + NSE) As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors Retail Individual Investors (RIIs) Total Shares Offered / Reserved 4,544,000 1,363,200 3,180,800 9,088,000 Day 1 - Feb 21, 2011 17:00 IST 0.0000 2.9700 0.2200 0.5200 Day 2 - Feb 22, 2011 17:00 IST 0.0000 2.9700 0.3000 0.5500 Day 3 - Feb 23, 2011 17:00 IST 0.1400 3.4400 0.4500 0.7500 Day 4 - Feb 24, 2011 17:00 IST 0.1700 4.4700 2.2700 1.5500
Incorporated in 2002, Sudar Garments Limited is a leading manufacturer and exporter for readymade garments specialized in elegant Shirts, Trousers and wide range of apparel for Men, Women & Kids.
Sudar Garments has its own manufacturing setup at Khalapur Taluka, Raigad District, Maharashtra with a built-up area of about, 29,626.30 Sq. Mtr. having a combined capacity of producing 1,66,667 pieces of shirts, dress, pants, tops, skirts, and denims per month. The company is presently manufacture under its own brand name “Glory to Glory” and will be launching shortly two more brands namely 'St. Paul' and 'Majesty'.
Company Promoters:
The promoter of the company is Mr. Murugan Muthiah Thevar. He is currently the Chairman and Managing Director of the company.
Objects of the Issue:
The objects of the issue are:
1. Expansion of the existing apparel manufacturing unit;
2. Meeting Working Capital Requirement;
3. Setting up Retail Outlets and Brand Building;
4. Meeting General Corporate Expenses;
5. Meeting the Issue Expenses and
6. Creating a public trading market for the equity shares of the company.
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