• Fresh Issue Size: It provides a fresh issue size of 13,20,000 equity shares aggregating up to Rs.1,188.0 Lakhs of Rs 10 face value. 
• Price Range:The price for each equity share is set at Rs. 90 per share.
• Issue Type: The IPO is a Fixed price issue.
• Subscription date: The issue period begins from March 4th 2025 and ends on March 6th 2025.
• Lot size: It is providing a lot size of 1600 
• Listing Date: The IPO is going to be listed on 11th March, 2025.
• Stock Exchange: The exchange is going to be the Emerge platform of BSE.

The company with the help of this IPO aims to utilize the net proceeds to meet working capital and for general corporate purposes.

The table below (in lakhs) stipulates the restated Financial Information of the company over the last 3 fiscal years and up-till December 31, 2024.

The textile and apparel industry is constantly on the rise owing to the increasing consumer spending on clothing and apparel along with the rapid growth of ecommerce platforms.

In 2023, The global textile market size was valued at USD 1,837.27 Billion and is projected to grow at a CAGR of 7.4% from 2024 to 2030 and the global apparel market is expected to reach US$ 2.37 trillion by 2030. 

In India, the textile industry is one of the most prominent sector of the Indian economy tracing its rich heritage back to centuries and is also world’s largest producer of cotton. With the rapid rise in domestic consumption and international exports in addition to the growing fashion trends and many foreign retail brands like Marks and spencer, Guess, Next etc. expanding its operations in India, this sector looks promising in the coming years.

The central government has also allocated Rs. 5272 crores to the Ministry of Textiles in the 2025 Union budget. The Indian textile and apparel market is projected to grow at a CAGR of 10% and reach US$ 350 billion by 2030.

• The Company has been in the textile and apparel business for over a decade and deals in importing and supplying all kinds of textile products like cotton and man-made apparels of all trends, colours and combinations to its vendors across India.
• The company has a concise team of experienced promoters and directors and has built a strong relationship with its vendors and suppliers.
• The company has shown healthy financial performance over the last three fiscal years with its profit after tax increasing from Rs. 18.26 lakh in 2022 to Rs. 145.22 lakh in 2024 (with Rs. 153.43 as of 31st December, 2024).
• The company aims to enhance its products and expand its market reach across PAN India.

• The company relies heavily on supply of fabrics from certain suppliers, any disruption in the supply chain could adversely affect the profit margin and the business operations.

• The company derives significant revenue from the sale of fabrics, any decline in the demand in the market of these fabrics may adversely affect the business operations and financial condition of the company.
• The company’s significant revenue is generated from its operations in Maharashtra, any political, social, economical unrest in the state could adversely effect the company operations and financial conditions.
• The company imports its products from China and Hongkong and is subject to foreign policy risks, any changes in the foreign policy in these countries or fluctuations in the currency rates may adversely affect the business operation and the financial condition of the company.

The textile and apparel industry is a very prominent sector that is constantly growing given the constant changes in fashion trends and, with the impact of digital revolution across the world, this market has become more demanding due to the rapid growth of ecommerce platforms leading to many clothing start-ups and retail expansions.

The textile industry has a long rooted history in Indian culture and heritage with diverse range of products and is one of the oldest market in the country. The company has established strong relationships with its suppliers and has shown healthy financial returns increasing its profit after tax from Rs. 18.26 lakh in 2022 to Rs. 145.22 lakh in 2024 (with Rs. 153.43 as of 31st December, 2024). However, the company is also subject to certain risks which the investors should outline before investing.

The company with the help of this Initial Public Offering (IPO) aims to utilize its net proceeds to meet working capital and for general corporate purposes.

The company is in the business for more than a decade and has shown positive financial growth since inception and has built strong relationship with its supplier and vendors. 

The textile and apparel sector has strong potential growth in the coming years with many private entities and government initiatives investing in the sector to expand it further, but the company also faces certain risks due to the vulnerability of the market and prospective investors should carefully consider the company’s risk as outlined in the RHP draft prospectus before investing.