Ashapura Intimates Fashion’s subsidiary - Momai Apparels, has filed a draft red herring prospectus (DHRP) with the National Stock Exchange (NSE) proposing subject to approvals from the relevant authorities for Public issue of Equity Share aggregating to Rs 41.00 crore. The equity shares are proposed to be listed on the SME platform of the National Stock Exchange.
Further, the company has informed that the DRHP and the listing of equity shares are subject to approval from the National stock Exchange & relevant authorities.
Ashapura Intimates Fashion is engaged in the business of designing, branding, marketing and retailing of intimate garments through a well developed & wide distribution network and undertakes sales through organized retail chains and own outlets (of around 105 distributors and have presence in more than 13500 retail counters).
