RICHA KNITS LTD - IPO
Type of Issue : Public
Issue Opens: 13 September, 2006
Issue Closes: 19 September, 2006
Issue Size : 9,000,000 (No. of Shares)
Lower Price Band : Rs.30
Application Multiple: 180 and in multiples there off starting with atleast 180 shares.
Maximum Shares: 3240 (for Retail)
Information URL : http://www.richaknits.com/
Prospectus URL : http://www.sebi.gov.in/dp/richadraft.pdf
ISSUE Description
Company Background
RKT was established by Mr. Sushil Gupta in 1993, to cater to the needs of quality knitted fabric for Indian Market. The Company has today emerged as a supplier of quality high-end knitted fabrics and as a Dyeing and Processing House. Its garments exports division is a regular supplier to USA and UK like K Mart, Guess and Van Heusen ans Benetton in India.
In the domestic market, it has launched its own leisure wear brand AVO-CADO positioned at reasonable price, best quality segment.The company has 3 operational Exclusive Businee Outlets at Faridabad, Gurgaon and jaipur and expects to open two new outlets at Delhi by October 2006. They have network of 6 distributors and over 100 dealers catering to 7 North Indian states.
Competitive Strengths of GCHIL
· Professional Management
· Good standing as a supplier in the exports industry
· R & D a focus area
· Good labour relations
Objects of the Issue
The issue proceeds will be utilized to :
· To set up a new unit for processing and dyeing in Alwar
· To set up new unit for knitting at existing location in Gurgaon
· To enhance existing capacity for Garmenting
Key Financials for year ended March 31, 2006
Income : Rs. 205.4 Million
Profit after Tax : Rs.41.3 Million
RoNW : 24.30%
NAV : Rs.20.98
EPS :Rs. 5.09
Recommendation
The Company has longstanding relationships with buyers both in the domestic and international markets. Going ahead with removal of quotas, the market size will expand, however margins may be under pressure. Apply
Issue Opens: 13 September, 2006
Issue Closes: 19 September, 2006
Issue Size : 9,000,000 (No. of Shares)
Lower Price Band : Rs.30
Application Multiple: 180 and in multiples there off starting with atleast 180 shares.
Maximum Shares: 3240 (for Retail)
Information URL : http://www.richaknits.com/
Prospectus URL : http://www.sebi.gov.in/dp/richadraft.pdf
ISSUE Description
Company Background
RKT was established by Mr. Sushil Gupta in 1993, to cater to the needs of quality knitted fabric for Indian Market. The Company has today emerged as a supplier of quality high-end knitted fabrics and as a Dyeing and Processing House. Its garments exports division is a regular supplier to USA and UK like K Mart, Guess and Van Heusen ans Benetton in India.
In the domestic market, it has launched its own leisure wear brand AVO-CADO positioned at reasonable price, best quality segment.The company has 3 operational Exclusive Businee Outlets at Faridabad, Gurgaon and jaipur and expects to open two new outlets at Delhi by October 2006. They have network of 6 distributors and over 100 dealers catering to 7 North Indian states.
Competitive Strengths of GCHIL
· Professional Management
· Good standing as a supplier in the exports industry
· R & D a focus area
· Good labour relations
Objects of the Issue
The issue proceeds will be utilized to :
· To set up a new unit for processing and dyeing in Alwar
· To set up new unit for knitting at existing location in Gurgaon
· To enhance existing capacity for Garmenting
Key Financials for year ended March 31, 2006
Income : Rs. 205.4 Million
Profit after Tax : Rs.41.3 Million
RoNW : 24.30%
NAV : Rs.20.98
EPS :Rs. 5.09
Recommendation
The Company has longstanding relationships with buyers both in the domestic and international markets. Going ahead with removal of quotas, the market size will expand, however margins may be under pressure. Apply
posted by Sensex-Blog Admin at 1:10 AM
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