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Spice Islands Apparels Ltd.

BSE: 526827 Sector: Industrials
NSE: N.A. ISIN Code: INE882D01017
BSE 00:00 | 03 Apr 14.75 -0.75
(-4.84%)
OPEN

14.75

HIGH

14.75

LOW

14.75

NSE 05:30 | 01 Jan Spice Islands Apparels Ltd
OPEN 14.75
PREVIOUS CLOSE 15.50
VOLUME 10
52-Week high 23.65
52-Week low 11.20
P/E
Mkt Cap.(Rs cr) 6
Buy Price 11.75
Buy Qty 7.00
Sell Price 14.75
Sell Qty 159.00
OPEN 14.75
CLOSE 15.50
VOLUME 10
52-Week high 23.65
52-Week low 11.20
P/E
Mkt Cap.(Rs cr) 6
Buy Price 11.75
Buy Qty 7.00
Sell Price 14.75
Sell Qty 159.00

Spice Islands Apparels Ltd. (SPICEISLANDSAP) - Company History

Spice Islands Apparels was incorporated on 28 Dec.'88 as a private limited company and subsequently converted into a public limited company on 6 Oct.'94. The company was promoted by Umesh Katre who had earlier experience with Mafatlal Apparels belonging to the Stanrose group. During 1989, it started exporting readymade garments mainly to the UK, Japan and the EC countries. The product range includes ladies and children's wear. The company also expanded its capacity to produce knitted fabrics at its Bhandup plant with an installed capacity of 600 tonnes. During 1996, the company registered itself as a SSI unit and was accorded a status of export house by the Government of India. Thereby company will get an opening for marketing its products in the European Market. During 1996-97, the company has acquired further 293600 Equity Share of Bhupco Alloys Ltd, its Subsidiary Company, therefore holding has been increased from 51% to 99.93%. It has now diversified into manufacturing of T-shirts.