The initial public offer of Scotts Garments (SGL) opens for subscription on Thursday, 25 April 2013. The issue closes on 29 April 2013. SGL proposes to raise Rs 136.59 crore to Rs 138.69 crore by offering 1.05 crore equity shares of Rs 10. The IPO price band has been fixed at Rs 130 to Rs 132.
Scotts Garments (SGL) manufactures hi-fashion readymade garments. It has domain expertise in providing sampling and design and has additional facilities such as embroidery, printing, dyeing and washing. Presently it is largely engaged in manufacturing and export of readymade garments.
The company will utilize the funds for setting up unit for trouser manufacturing at Doddaballapur, Karnataka, and knitting and fabric processing at Kagal, Kolhapur.
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