Numero Uno Clothing plans IPO, files DRHP with Sebi
04/05/2015 12:47
Numero Uno Clothing Ltd has approached capital markets regulator Sebi to float an initial public offer (IPO), reported PTI.
The proposed public issue comprises fresh issue worth Rs 65 crore and an offer for sale up to 84 lakh from its promoter AA India Development Capital Fund, the company said in its Draft Red Herring Prospectus (DRHP) filed with Sebi.
The proceed of the issue would be utilised for opening 84 new stores, expansion of the existing capacity at Selaqui, Dehradun, brand building and general corporate purposes.
Anand Rathi Advisors and Motilal Oswal Investment Advisors are the merchant bankers to manage the offer.
The promoter the company, Narinder Singh Dhingra, has proposed to offer up to 16 lakh equity shares forsale, while AA India Development Capital Fund plans to offer 68 lakh shares, DRHP added.
04/05/2015 12:47
Numero Uno Clothing Ltd has approached capital markets regulator Sebi to float an initial public offer (IPO), reported PTI.
The proposed public issue comprises fresh issue worth Rs 65 crore and an offer for sale up to 84 lakh from its promoter AA India Development Capital Fund, the company said in its Draft Red Herring Prospectus (DRHP) filed with Sebi.
The proceed of the issue would be utilised for opening 84 new stores, expansion of the existing capacity at Selaqui, Dehradun, brand building and general corporate purposes.
Anand Rathi Advisors and Motilal Oswal Investment Advisors are the merchant bankers to manage the offer.
The promoter the company, Narinder Singh Dhingra, has proposed to offer up to 16 lakh equity shares forsale, while AA India Development Capital Fund plans to offer 68 lakh shares, DRHP added.
