The SME IPO will open on July 29 and conclude on July 31. The corporate’s shares will probably be listed on the NSE’s Emerge platform, Kaytex Materials mentioned in a press release.
The general public problem is a mixture of contemporary problem of 31.99 lakh fairness shares aggregating to Rs 57.59 crore and a suggestion on the market of as much as 6.79 lakh shares amounting to Rs 12.23 crore by the promoters Sanjeev Kandhari and Amit Kandhari.
Publish-IPO, promoters will maintain 73.61 per cent of the fairness stake, whereas the general public will maintain 26.39 per cent.
Proceeds from the contemporary problem price Rs 2.56 crore will probably be utilised in direction of funding capital expenditure for building of further warehouse facility in Amritsar, Rs 3.73 crore will probably be used for building of a devoted gross sales workplace in Amritsar.
Funds price Rs 5.01 crore will probably be directed in direction of buy of superior cloth processing system for the present printing, dyeing and processing unit in Amritsar and Rs 30 crore will probably be used to fulfill working capital necessities.The remaining proceeds will probably be used for common company functions and problem bills.Included in January 1996, Kaytex Materials is a fast-fashion producer that mixes know-how, artistic design, and craftsmanship to ship high-quality textiles.
The corporate specialises in materials from numerous fibres like cotton, viscose, and polyester. It presents high quality materials, ready-to-stitch womenswear, and trendy, stylish designs. The corporate sells its merchandise beneath the model names “Rasiya”, “Kaytex”, and “Darbaar-e-Khaas”.
For FY25, the Punjab-based firm posted income of Rs 152.79 crore and revenue after tax of Rs 16.90 crore. Socradamus Capital Pvt Ltd is the only real book-running lead supervisor of the supply. PTI
