JET Knitwears is coming out with an initial public offering (IPO) of 10,83,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 39 per equity share. The issue will open on September 27, 2016 and will close on September 29, 2016. The shares will be listed on NSE Emerge platform.
The company will use the issue proceed for meeting the working capital requirements of the company, general corporate purposes and issue expenses. The book running lead manager to the issue is Sarthi Capital Advisors, while the compliance officer for the issue is Yogi Srivastava.
The company is engaged in the business of manufacturing of intimate garments for men, women and children such as vests, briefs, brassiere, panties, socks, T-shirts and casual wears. The company markets its products through its own brands like Lycot Australia, Jet, Jet Eco, Fresh-Long, Boski and Take- off. The company has set its footing in domestic market and has a strong retail presence through its own network for Sales, Marketing and Logistics serving to more than 5000 Retailers directly and also through a large number of Dealers and Wholesalers in North India.
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