Friday, October 28, 2005

Celeberity Fashions to come out with IPO

Apparel manufacturer Celebrity Fashions is planning to come out with an IPO to raise funds for its expansion plans, report agencies.
The company will issue 4,50,000 equity shares of Rs 10 each to part finance its plans for opening more factories and outlets of its domestic brand 'Indian Terrain' across the country, a company release said. The issue will constitute 25.35% of the fully diluted post issue paid up capital of the company.
The company has already filed a draft red herring prospectus with Sebi for the purpose.


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