Super Fine Knitters is coming out with an initial public offering (IPO) of 34,00,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 12 per equity share. The issue will open on January 18, 2017 and will close on January 24, 2017. The shares will be listed on SME platform of BSE.
The company will use the issue proceeds for repayment/ prepayment, in full or part, of certain indebtedness of the company.
The book running lead manager to the issue is Guiness Corporate Advisors, while the compliance officer for the issue is Divya Jain.
The company is a multi-divisional textile unit engage in the business of manufacturing knitted apparels for itself as well as for national and international brands and is a well-known supplier of knitted fabrics for large companies in India involved in manufacturing and exporting knitted apparels.