The Hindu Business Line : Indus Fila plans to expand

Textile manufacturer Indus Fila Ltd plans to invest Rs 166.24 crore in increasing its capacities in weaving, yarn dyeing, processing and garmenting and setting up `centres of excellence'. To part finance this expansion project, the company proposes to enter the capital market with an IPO of 48 lakh equity shares of Rs 10 each through a 100 per cent book building process. It has filed a draft red herring prospectus with SEBI for the purpose.

Indus Fila has production and distribution facilities in Bangalore and Mysore. It also has distribution facilities in Chennai and Mumbai. Currently, it has 156 weaving looms producing about 20.80 million metres of fabric per annum and 750 sewing machines with production capacity of 2.70 million garments per annum. The company's operational income and profit after tax for the year ended March 31is Rs 82.49 crore and Rs 5.49 crore, respectively.

More Stories on : Stocks | New Projects | Textiles

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

Stories in this Section
Bharti teams up with AXA for life insurance foray

Hindustan Lever de-lists from RSEs

Indus Fila plans to expand

SAT reprieve for Heidelberg open offer

Sical Logistics to raise $50 m

Momentum indicators signal a medium-term downtrend

Bull domination

S&P moots under-weighting of Indian markets in 2007

Sensex up 186 on back of strong fund buying

ISE sets up training institute

FII investment in Allahabad Bank

Markets bounce back; bank stocks gain

Power Finance files for IPO

Private equity investments soar: PwC

A plea for a better deal for investors