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Open
16 Jan 2007
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Close
23 Jan 2007
3
Allotment
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Listing
Thu, Feb 15, 2007
Price Band
₹525 to ₹600
Issue Size
65,97,054 shares (agg. up to ₹363 Cr)
Lot Size
10 Shares
Listing Date
Thu, Feb 15, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.65x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kewal Kiran Clothing Ltd. | Mainboard | ₹80.60 Cr | ₹260 | null | ₹243.45 | -6.37% | ₹504.40 (+0.83%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Establishment of a new woven manufacturing facility by Pearl Global at SIPCOT Industrial Park, Irungattukottai, India | 14.85 |
| 2 | Establishment of a new wovens and knits manufacturing facility by Pearl Global at Narsingpur, Gurgaon, Haryana, India | 12.50 |
| 3 | Acquisition of an existing knitted garment manufacturing facility by Pearl Global in Khandsa, Gurgaon, Haryana, India | 5.40 |
| 4 | Establishment of a new knits manufacturing facility by Mor Knitt in Dhaka, Bangladesh | 25.00 |
| 5 | Investment in Pearl Global for establishment of a design centre and corporate office in Gurgaon | 15.00 |
| 6 | Setting up an integrated information technology system | 14.30 |
| 7 | Pre-payment of certain term loans availed by the Company and its Subsidiaries | 55.00 |
| 8 | Investment in its subsidiary company, Multinational Textiles, for payment of purchase consideration to SACB Holdings Limited and Pallas Holdings Limited as part of the group reorganisation | 51.07 |
| 9 | Setting up a domestic branded apparel retail business | 6.45 |
| 10 | Acquisition of an existing brand in the U.K. or the U.S. for retail outside India | 40.00 |
| 11 | General corporate purposes |
About House of Pearl Fashions IPO
House of Pearl Fashions Limited (HOPFL) is a multinational, ready-to-wear apparel company operating in three business streams: manufacturing, marketing and distribution, and sourcing of garments. They also provide total supply chain solutions to their customers, which include value retailers as well as higher-end fashion brand retailers in the United States and Europe. House of Pearl Fashions multi-stream business model enables them to offer multi-country, multi-gender and multi-product options to there global customers.House of Pearl Fashions currently operate ten modern ready-to-wear apparel manufacturing facilities, of which six are located in North India, one in South India, two in Bangladesh and one in Indonesia, which enable us to leverage each location’s relative advantage in a particular product category.House of Pearl Fashions has marketing and distribution offices in the U.K., the U.S. and Hong Kong to cater Canada, Europe, Hong Kong, U.K., U.S and other countries.+ Read More
Contact Details
House of Pearl Fashions Ltd. AddressA-3, Community CentreNaraina Industrial AreaPhase IINew Delhi, New Delhi, 110028+91 11 4141 7680jayantipo@hopfl.orgVisit Website