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2013-10-01

Subh Tex IPO opens for subscription

Mumbai-based Subh Tex has opened its subcription today for public issue of 35 lakh equity shares of Rs 10 each. The company decided to issue shares at face value.

Mumbai-based Subh Tex  has opened its subcription today  for public issue of 35 lakh equity shares of Rs 10 each. The company decided to issue shares at face value.

 

The issue will be opened till October 07. The equity shares are proposed to be listed on the BSE SME platform.  The objects of the issue are to fund additional working capital requirements and meeting public issue expenses.

 

The company is engaged in the business of manufacturing fabric viz suiting & shirting for the domestic and international market. Basan Financial Services is the book running lead manager to the issue however, Sharepro Services (India) Private Limited will be the registar to the issue.



The company was incorporated as ‘Ravi Synthetic Private Limited’ a private limited company  in the year 1987 bearing  in Maharashtra. The name of our Company was changed to ‘Subh Tex (India) Private Limited’  in 1990.

 

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