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February 20, 2013

Deal Alert: Ashapura Intimates Fashion files for Rs.21-Cr IPO

Mumbai-based Ashapura Intimates Fashion Ltd., which runs the brands Valentine, N-Line and Night & Day, has filed for DRHP to issue 52,50,000 equity shares at Rs.40 per share aggregating to Rs.21 crore, forming 26.97% of the post issue paid up equity share capital of the company. KJMC Corporate Advisors is the lead manager to the issue. 

The company will be traded on the BSE-SME exchange. The company is in the business of designing, trading, job contract manufacturing, branding, marketing and selling of intimate garments. It is planning to expand its product portfolio and also foray into kids' innerwear having cartoon characters. 

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