KPR Mill plans IPO to raise funds for expansion
KPR Mill plans IPO to raise funds for expansion
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.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!