Credit rating agency, CARE rating has assigned ‘SME Fundamental Grade 4/5’ to the proposed SME initial public offer (IPO) of Ashapura Intimates Fashion’s subsidiary Momai Apparels, indicating the Very Good Fundamentals .
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).
