Cantabil IPO

Cantabil IPOCantabil Retail India Ltd announced its initial public offering open on Sept 22, 2010 and would remain open for subscription till Sept 27, 2010. “Cantabil Retail India” raise nearly Rs 105 crore – through the initial public offering issue The price band of the issue is Rs.127 (lower level) to Rs.135 (higher level).

Cantabil Ltd is a company of manufacturing, designing, retailing and branding of apparels under the brandnames of CANTABIL and La FANSO. They have a stores spread throughout India.

The ‘CANTABIL’ brand having 206 retail shops provides the full range of party-wear, formalwear, ultracasual & casuals clothing for Women, Kids and Men in the middle group to high revenue group.

The ‘La FANSO’ brand provides mens portion in smaller to middle revenue class as well as concentrates on ultra casual, casual and formal wear. They also retail numerous La FANSOaccessories such as belts, ties,handkerchief, caps and socks under their brands.

Cantabil Retail have three in-house production and finishing units as well as four warehouses situated in Delhi. They also have three 3rd party devoted units manufacturing. Cantabil Retail’s India Ltd outlets are located at Delhi, Bangalore, Mumbai, Hyderabad, Calcutta,Ahemdabad, Gurgaon, Vadodra, Kanpur, Patna, Jaipur, Ranchi, Pune, Meerut,Jalandhar, Dehradun, Agra, Ludhiana, Udaipur, Ghaziabad and Lucknow etc.

Enlargement of Exclusive Brand Shops, Additional Working Capital, Organization of new integrated production facility, Settlement of Debt, Common Business Purposes
are the important objects of issue.

Face Value; Rs.10
Tick Size;
Minimum Order Qty: 50
Market Lot: 50
Issue Type is 100%  Book Building.

IPO Grade for Cantabil Retail Limited

ICRA allocated IPO grade ‘2/5’ to the IPO of  Cantabil, this shows that the fundamentals of the issue are below average relative to other listed equities.

This stock not a suitable stock for subscrip some chance for down up to Rs 80 by vm.venkatesh (It is only our view not a recommendations)

Conduct details

Address: B – 47, 1st Floor,Lawrence Road Industrial Area,New Delhi – 110 035
Phone number; 91 11 2715 6381-82  Fax detail;. 91 11 2715 6383
Email address; investors@cantabilinternational.com
Website Url; www.cantabilinternational.com

Book Running Lead Manager

Spa Merchant Bankers Limited are the Book Running Lead Manager for . Cantabil Retail ltd.

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