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KPR Mill plans IPO to raise funds for expansion

KPR Mill plans IPO to raise funds for expansion
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First Published: Tue, Apr 03 2007. 06 58 PM IST
Updated: Tue, Apr 03 2007. 06 58 PM IST
PTI
Mumbai: Apparel company KPR Mill said on 3 April it plans to enter the capital market to raise funds for expanding its manufacturing units and install windmills.
The company is planning to issue 59.12 lakh shares of Rs10 each, constituting 15.69% of the fully diluted post issue paid-up capital of the company.
The proceeds from the issue would be used to fund the expansion of its existing garment and processing facility. It would also be used for a new knitting facility and installation of windmills, a company release said.
The company has filed the draft red herring prospectus with Sebi, it said.
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First Published: Tue, Apr 03 2007. 06 58 PM IST
More Topics: Money Matters | IPOs |