Recently, one of the largest and fastest growing apparel brands in India, Barcelona that is an initiative of Stitched Textiles Private Limited has officially announced the news of the Company's readiness to launch their IPO. For the same, Stitched Textiles Private Limited has recently filed a resolution for the IPO (Initial Public Offering) with Registrar Of Companies, Ahmedabad, Gujarat. As of now, there has been no official confirmation regarding the exact date for the commencement of subscription for the IPO but it will be announced soon.
Talking about this new move of filing for IPO, Jaimin Gupta, the Managing Director (MD) of Stitched Textiles Private Limited stated “This IPO represents a major step forward in Barcelona’s mission to democratize the garment retail industry. The Company is proceeding with IPO formalities with an eye of filing DRHP in the month of June’2022. Through this move, we’re thrilled to offer investors the opportunity to invest in our Company and we are truly excited to offer the IPO to all the interested stakeholders in the market.”
Barcelona happens to be India’s largest and fastest growing branded apparel brands and a premium lifestyle player in the retail sector for men’s wear. They have been successful in carving a niche in the apparel segment through producing garments that possess one of the most desirable quality fabrics along with its high sustainability standards. Incepted in 2015, with 10+ stores in their initial stage, the brand has been successful in expanding to 2-3 cities through franchise routes. As of now, Barcelona has nearly 90+ stores and is one of the famous brands known for men’s wear garments at PAN India level.
Currently, Barcelona has an extensive presence with 92 exclusive brand outlets (EBO’s), spanning across 50+ cities and towns in India. Additionally, they are also present in more than 6000 multi brand outlets across Pan India, covering a large number of cities and states. The product range of Barcelona in Men’s Wear is substantial, like Shirts, Trousers, T- Shirts, Denims, Suits, Blazers, Trunks, Vests, Boxers, Tracks and such other various products. The brand strongly believes in providing their customers with high-end fashion products at a very affordable and economical pricing.
For more information, Visit - www.barcelonaclub.in