Stitched Textiles files for Rs 200 crore IPO with SEBI
Stitched Textiles New Delhi sutured fabrics has filed a draft red herring prospectus (DRHP) with capital requests controller Sebi for its original public immolation (IPO). The cloth company is eyeing to raise up to Rs 200 crore via its primary immolation entirely by issuing equity shares, with a face value of Re 1 each. Ahmedabad- grounded Stitched Textile sells fashion products in an affordable pricing range under its flagship brand’ Barcelona.’ The company is a famed name in men’s fashion wear and tear and has a wide product range of shirts, trousers, T- shirts, denims, suits, blazers, caddies, vests, prize-fighters, track pants and others. According to the company operation, the net proceeds will be employed towards expanding its retail business by opening up to 130 exclusive brand outlets.
The company has allocated 75 per cent of equity shares to good institutional buyers, whereas 15 per cent of shares are reserved for HNI stab. The remaining 10 per cent equity share is fixed for the retail stab. The company has appointed Finshore Management Services as the book- running lead director to the issue, whereas Bigshare Services has been appointed as the register to the issue.
Stitched Textiles Private Limited
Barcelona is an initiative of Stitched Textiles Private Limited. Barcelona is India’s largest and fastest growing branded apparel brands and a premium lifestyle player in the retail sector for men’s wear. It has introduced premium international labels, enabling Indian consumers to buy the most prestigious global fashion wear and accessories within the country. Stitched Textiles Private Limited is defined by its brand Barcelona– that personifies style, attitude, luxury and comfort. Barcelona has more than 50 EBO stores at Pan India Level.
Barcelona has monthly manufacturing capacity of 1.2 Million fabrics for suiting and shirting and 2.2 Lac garments manufacturing capacity in Men’s wear. Stitched Textiles Private Limited has a well-established market reputation and is known as a fashion powerhouse. Barcelona develops exclusive range of fabrics and garments for its store which are designed and crafted by highly experienced and skilled people. We strongly believe in providing our customers with high-end fashion products at very affordable prices.
Through Stitched Textiles Private Limited, the founders fulfilled their dream of starting their brand Barcelona, which is working as a leading brand in men’s apparel across the board.
Our ability to make sound decisions since inception in business has given us a reputation as a solid firm which continues to deliver the products aptly and one that values the relationships with clients, peers and vendors in the industry.
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