New Delhi: The Securities and trade Board of India (Sebi) has sought explanation from style and apparelslogo Numero Uno concerning its proposed initial public offer (IPO).

with out disclosing the info of clarifications sought, capital market regulator Sebi has said that it iswatching for response from ‘lead supervisor‘ for the proposed public offer of Numero Uno garb Ltd.

consistent with the latest weekly replace on the processing popularity of draft offer documents filed with Sebi, the regulator has stated clarifications have been awaited on the IPO of the employer as of June five.

the next replace might be uploaded on Sebi’s website on June 12.

The capital marketplace watchdog said it would issue observations on draft offer files within 30 days, after receiving best respond from the lead merchant bankers concerning the clarification or additionalrecords sought from them.

The corporation filed its IPO papers with Sebi on April 30 this year.

in line with the draft documents, Numero Uno’s proposed public issue incorporates sparkling difficultyreally worth Rs sixty five crore and a suggestion on the market as much as 84 lakh from its promoter and AA India improvement Capital Fund.

The continue of the problem would be utilised for opening eighty four new stores, enlargement of the prevailing capacity at Selaqui, Dehradun, brand building and wellknown corporate purposes.

the difficulty is being controlled by using merchant bankers – Anand Rathi Advisors and Motilal Oswalinvestment Advisors.