Reid & Taylor India Ltd - IPO
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Reid & Taylor India Ltd IPO Details
Public issue of [*] equity shares of a face value Rs. 10 each of Reid & Taylor (India) Limited (The Company or The Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating to Rs. [*] crores consisting of a fresh issue of [*] equity shares aggregating up to Rs. 500.00 crores (The Fresh Issue) and an offer for sale of 11,964,218 equity shares by S. Kumars Nationwide Limited and 2,991,055 equity shares by Indivest Pte Ltd (The Selling Shareholders) (The Offer for sale and together with the fresh issue, the Issue). The issue also includes a reservation of up to [*] equity shares of Rs. 10 each aggregating to Rs. [*] crores for the eligible employees (The Employee Reservation Portion). The issue less the employee reservation portion is referred to as the Net Issue. The issue will constitute [*]% of the post-issue paid-up equity share capital of the company. The net issue will constitute [*]% of the post issue paid up equity share capital of the company.The face value of equity shares is Rs. 10 each
Objective of issue
To set up 160 exclusive brand outlets (EBOs). To set up a manuf. unit for ready-made garments. To purchase machinery at the Mysore facility. To fund the launch of a new brand in casual segm.. To implement an ERP system (ERP). Towards pre-payment and/or re-payment of loans. For general corporate purposes.
