Sudar Garments IPO

Sudar Garments IPO

Sudar Garments entering in to the capital market with IPO Issue , The firm involved in the production of garments for men’s wear, ladies wear as well as children wear, proposes to penetrate the capital market’s quickly to fulfill its capital need for expansion of the present apparel production capability, establishing of retail outlets as well as brand building. The firm has obtained the SEBI nod for it.

Sudar Garments proposes to provide 90.88 lakh equity stocks of Rs 10 every for the public via 100percent book building process. The ipo issue would comprise 49percent of the fully-diluted post issue capital of the firm.

The integrated apparel producer with a capability of 2 mln garments per year, The company currently produces under their own brand name ‘Glory to Glory’ and will also be starting shortly 2 additional brands such as ‘St. Paul’ as well as ‘Majesty’. The primary competency of the firm lies in its in house-manufacturing as well as embroidery-skills.

The initial public offer open Feb 21, 2011 and would remain open for subscription till Feb 24, 2011 . “Sudar Garments ” raise nearly Rs 70 crore -through the initial public offering issue The price band of the issue is Rs.72 (lower level) to Rs.77 (higher level).

Face Value; Rs.10
Tick Size;
Minimum Order Qty: 81
Market Lot: 81
Issue Type is Book Building.

IPO Grade for Sudar Garments

CRISIL allocated IPO grade ‘1 to the IPO of Sudar Garments, this shows that the fundamentals of the issue very poor to other listed equities. view;  it is not a good stock for long term invest this stock chance for down up to 35 price level by vm.venkatesh


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