Jaipur-based apparel manufacturer Nandini Creation Ltd plans to raise Rs 4.04 crore through an initial public offering.
Merchant banker Pantomath Capital Advisors along with Indian Overseas Bank has filed the draft prospectus of the company with NSE Emerge -- the SME platform of NSE.
Mahaveer Lunawat, the Group MD of Pantomath Advisory Services Group, said that the company proposes to make a fresh issue of 14,55,000 equity shares at a price of Rs 28 per share including share premium of Rs 18 per equity share.
The company is engaged in manufacturing and trading of women fashion apparels and has e-retail distribution network model for the products.
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