The SME IPO will open on July 29 and conclude on July 31. The corporate’s shares shall be listed on the NSE’s Emerge platform, Kaytex Materials mentioned in an announcement.
The general public difficulty is a mixture of contemporary difficulty of 31.99 lakh fairness shares aggregating to Rs 57.59 crore and a suggestion on the market of as much as 6.79 lakh shares amounting to Rs 12.23 crore by the promoters Sanjeev Kandhari and Amit Kandhari.
Publish-IPO, promoters will maintain 73.61 per cent of the fairness stake, whereas the general public will maintain 26.39 per cent.
Proceeds from the contemporary difficulty price Rs 2.56 crore shall be utilised in direction of funding capital expenditure for building of extra warehouse facility in Amritsar, Rs 3.73 crore shall be used for building of a devoted gross sales workplace in Amritsar.
Funds price Rs 5.01 crore shall be directed in direction of buy of superior cloth processing system for the present printing, dyeing and processing unit in Amritsar and Rs 30 crore shall be used to satisfy working capital necessities.The remaining proceeds shall be used for basic company functions and difficulty bills.Integrated in January 1996, Kaytex Materials is a fast-fashion producer that mixes know-how, inventive design, and craftsmanship to ship high-quality textiles.
The corporate specialises in materials from numerous fibres like cotton, viscose, and polyester. It gives high quality materials, ready-to-stitch womenswear, and fashionable, stylish designs. The corporate sells its merchandise underneath the model names “Rasiya”, “Kaytex”, and “Darbaar-e-Khaas”.
For FY25, the Punjab-based firm posted income of Rs 152.79 crore and revenue after tax of Rs 16.90 crore. Socradamus Capital Pvt Ltd is the only real book-running lead supervisor of the supply. PTI
