Wednesday, October 26, 2005

Sebi nod for Bombay Rayon Fashions IPO


Readymade garment manufacturer Bombay Rayon Fashions, BRFL, has received the approval from Securities and Exchange Board of India, Sebi, for its initial public offer, IPO, of 1.34 crore shares of Rs 10 each on book-building basis, report agencies.The company plans to raise these funds for integrated facilities of yarn dying, weaving, process house and garment manufacturing to be started at Apparel Park near Banglore, a company release said on Monday. UTI Bank and Anand Rathi Securities are the lead managers for the issue. Intime Registry Spectrum Registry is the registrar of the issue.

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