Numero Uno clothing files IPO Papers With Sebi

New Delhi: apparel and way of life accessories company Numero Uno clothing Ltd has approached capital markets regulator Sebi to flow an initial public provide (IPO).

The proposed public problem comprises fresh problem worth Rs sixty five crore and an offer on the market up to 84 lakh from its promoter and AA India development Capital Fund, the business enterprisesaid in its Draft purple Herring Prospectus (DRHP) filed with Sebi.

The proceed of the problem might be utilised for starting 84 new shops, growth of the prevailing abilityat Selaqui, Dehradun, logo building and standard company purposes.

Anand Rathi Advisors and Motilal Oswal investment Advisors are the merchant bankers to manage the offer.

The promoter the enterprise, Narinder Singh Dhingra, has proposed to provide up to 16 lakh equity stockson the market, at the same time as AA India improvement Capital Fund plans to offer sixty eight lakhshares, DRHP added.

Numero Uno is one of the main jeans put on manufacturers constructed over 25 years with acomprehensive casualwear product range.

This yr, 15 groups including Biocon’s custom research arm Syngene worldwide, S H Kelkar andenterprise Ltd, Catholic Syrian bank, Dilip Buildcon and Prabhat Dairy have filed their initial papers tolaunch IPOs.
tale first posted on: can also 04, 2015 thirteen:06 (IST)

Tags: Numero Uno garb, Numero Uno clothing IPO, IPO, Num

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