Stitched Textiles Limited files IPO up to Rs. 200 Crore with SEBI
Ahmedabad: Barcelona- brand of Stitched Textiles Limited- India’s leading men’s wear fashion brand, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds up to Rs. 200 crores through an initial public offering (IPO).
According to the draft red herring prospectus (DRHP), the planned IPO would be entirely through a new issue of equity shares.
The company plans to expand its retail business by opening upto130 Exclusive Brand Outlets
Finshore Management Services Limited is the Book Running lead manager for the IPO.
Jaimin Gupta, promoter of the Company stated that “Barcelona will achieve new heights in coming years and is thankful to all stakeholders of the company who believed in our Vision”
The Company’s flagship brand ‘Barcelona’, is one of the famous brands known for men’s wear garments at the PAN India level. Since the company’s incorporation, it has expanded offerings under the “Barcelona” brand to include a wide product range of Men’s Wear like Shirts, Trousers, T-Shirts, Denim, Suits, Blazers, Trunks, Vests, Boxers, Tracks, and such other various products. The brand strongly believes in providing its customers with high-end fashion products at very affordable and economical pricing.
To learn more about Barcelona, click here: http://www.barcelonaclub.in.
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