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Suumaya Lifestyle to enter capital market

ANI  |  Mumbai (Maharashtra) [India] 

Mumbai-based is planning to enter the capital market by making a public offer up to 76.88 shares of 00 each fully paid up for cash at a price of Rs.18.00 per share, aggregating to Rs.1383.84

Out of this, fresh issue is up to 18.88 shares, aggregating Rs. 339.84 Lakh and Offer for Sale is 58.00 Lakh equity shares aggregating to Rs. 1044.00 Lakh.

The public issue will open on May 22 and close on May 25.

is engaged in of wear for women like kurtis, ethnic tops and deals in women fabrics. The company has deep experience in Indian Ethnic merchandise market and it has developed and honed systems to provide bespoke patterns ranging from traditional designs to even modern contemporary which spell out sheer beauty and class.

The company has its own design and production house and its unit is located in It also has its own team of designers, who develops new styles, fits, finishes to meet the latest trends. It markets its products under the brand names 'EKKA', 'IRA' and 'TAG9', and is both in

Suumaya Lifestyle is promoted by Ishita and Indiacredit Risk management LLP. The team of key managerial personnel includes (COO), Ushik (CEO) and (CFO).

The company's total revenue for the period ended December 31, 2017 was Rs. 24,229.22 Lakh and net profit after tax was Rs. 172.45 Lakh. The asset value per equity is Rs.11.34. The networth of the Company on December 31, 2017 was Rs. 2509.06 Lakh.

The equity shares of the company are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited. The lead is and to the offer is Bigshare Services Private Limited.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 14:45 IST