• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai , Oct. 24

THE Rs 160-crore Chennai-based Celebrity Fashions Ltd, garment exporter to some of the world's top brands and parent company of the menswear brand, Indian Terrain, plans an IPO to finance the setting up of new factories as well as for expansion of exclusive stores for its brand.

The company plans to enter the capital market with a public issue of 45.5 lakh equity shares of Rs 10 each on a book-building basis.

The issue, according to the company, will constitute 25.35 per cent of the fully diluted post-issue paid-up capital of the company. Celebrity Fashions Ltd has filed a draft Red Herring prospectus with SEBI. The IL&FS Investsmart is the book running lead manager for the issue. The company, says a release, believes that there exists strong opportunities for growth in the global textile industry in a quota-free regime and the branded apparel domestic market. Plans also include expansion of the corporate office and earmarking funds for potential acquisitions.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
BPCL plans to set up 100 `In & Out' stores

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line