Categories: Industry News

Mukesh Trends Lifestyle IPO gets SEBI Nod

Mukesh Trends Lifestyle Ltd, a leading textile manufacturer primarily engaged in the business of fabric manufacturing and processing, received SEBIs approval vide their observation letter issued on Feb 14, 2020.  The company had filed its DRHP with SEBI on September 27, 2019.

MTLL commenced its commercial production in 1990 with an installed capacity of 5 million meters per annum for the production of woven fabrics. With regular modernization of machinery, technology procession and subsequent marketing network and increase in demand of knitted fabrics; the Company successfully diversified its manufacturing business of knitted fabrics. In April 2016, MTLL diversified their manufacturing facilities to manufacture knitted fabrics by starting a separate 132 commercial division for processing and printing knitted fabrics in April 2016 with an installed capacity of 3,600 MT per annum.

The Companies revenue from Operations, EBITA and PAT between FY17-19 grew at a CAGR of 5.60%, 41.66%, and 116.18% respectively. Its income from exports grew at a CAGR of 366.80% from ₹ 5.01 mn in FY17 to ₹ 109.17 in FY19

The Company seeks an issue of up to 10,000,000 equity shares of face value of ₹ 10/- each according to the DRHP filed with SEBI. As per the market sources, the IPO issue size will be approximately between ₹ 75 to 90 crores

The BRLM to this issue is Pantomath Capital Advisors Private Limited

admin

Recent Posts

Breaking the Glass Ceiling: How a US MBA Elevates Career Trajectories

In the world of business, reaching the pinnacle of success often feels like a journey…

1 year ago

India, UAE sign MoU to strengthen ties in education sector

The MoU aims at facilitating student and faculty mobility, joint research programmes, designing courses, organising…

1 year ago

SPARSH Hospital Conducts Stroke Awareness Campaign titled

Bangalore, October 30, 2023 –In commemoration of World Stroke Day, SPARSH Hospital, RR Nagar, orchestrated a…

1 year ago

MGM Cancer Institute Making Strides for Breast Cancer

Chennai, 28th Oct 2023: MGM Cancer Institute, a leading healthcare facility dedicated to pioneering advancements…

1 year ago

Ancient landscape discovered beneath East Antarctic Ice Sheet

October 27, 2023:The research team, which also involved scientists at Durham University, used satellite data…

1 year ago

IIM Kashipur’s DIC Inks MoU with Atal Tinkering Lab to Promote Innovation, Creativity, and Entrepreneurship in Young Students

Kashipur, 19th October 2023: The Design Innovation Centre (DIC) of the Indian Institute of Management Kashipur signed…

1 year ago