This includes the garment unit situated at Palladam of Bannari Amman Spinning Mills, and the land and building situated at SIPCOT
Increased capacity utilisation, softening cotton prices set to help sector: Analysts
The shares touched a high of Rs 305 on BSE, up 13.8% over its IPO price of Rs 268 apiece, before closing at Rs 295
The price band for the IPO was Rs 258-268 per share
Although earnings will get a fillip from lower interest costs, the company lags peers on profitability
Investors include DSP Blackrock, Goldman Sachs India, Birla Sun Life Insurance and Morgan Stanley