VIP Clothing planning to raise Rs 50 crore through rights issue

VIP Clothing Ltd. | Textile | Textiles & Apparels | BSE: 532613 | NSE: VIPCLOTHNG

22 Sep 2017 Evaluate

VIP Clothing is planning to raise Rs 50 crore through rights issue. The company is waiting for final approvals from Securities and Exchange Board of India (SEBI). It has already got in principle approvals from BSE and NSE. The proceeds will be used for business expansion through advertising spends and working capital.

VIP Clothing (formerly Maxwell Industries) is leading Indian company engaged in manufacturing and marketing of innerwear. They are well-known manufacturers of brands like VIP Innerwear, Frenchie, Frenchie X, and VIP Feelings and all of their sub brands.

Peers

Company Name	CMP
Vardhman Textiles	571.05
Welspun Living	202.90
Arvind	548.70
Raymond Lifestyle	668.20
K.P.R. Mill	1121.05
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.