Bang Overseas files IPO papers
Bang Overseas Ltd, an apparel manufacturing and fashion designing company, has filed papers with the Securities and Exchange Board of India for an initial public offer of 35 lakh shares.
By INDIATIMES NEWS NETWORK |
MUMBAI: Bang Overseas Ltd, an apparel manufacturing and fashion designing company, has filed papers with the Securities and Exchange Board of India for an initial public offer of 35 lakh shares of face value Rs 10 each at a price to be decided later.
Bang Overseas owns ready-to-wear men’s garments under the brand name Thomas Scott and has 10 retail outlets including one franchise under the brand name.
It has two apparel manufacturing units in Bangalore in the name of Reunion Clothing Company with installed capacity of 350,000 pieces per annum and Formal Clothing Company with a capacity of 360,000 pieces per annum.
The company intends to deploy the IPO proceeds to expand the network of retail outlets to additional 90 retail outlets including franchisees across India.
Bang Overseas also proposes to expand its manufacturing capacities in garments by installing new unit at Bangalore with capacity of 600,000 pieces per month.
Bang Overseas owns ready-to-wear men’s garments under the brand name Thomas Scott and has 10 retail outlets including one franchise under the brand name.
It has two apparel manufacturing units in Bangalore in the name of Reunion Clothing Company with installed capacity of 350,000 pieces per annum and Formal Clothing Company with a capacity of 360,000 pieces per annum.
The company intends to deploy the IPO proceeds to expand the network of retail outlets to additional 90 retail outlets including franchisees across India.
Bang Overseas also proposes to expand its manufacturing capacities in garments by installing new unit at Bangalore with capacity of 600,000 pieces per month.
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