When s p apparels ltd (tamil nadhu) company fixed ipo price rs 258 to rs 268 per equity share, think about korean company value in the days to come. no need to worry for e-land, will fly high in the days to come.s p apparels ltd, manufacturers and exporters of knitted garments for children, has fixed a price band of rs 258-268 per equity share for its proposed initial public offer (ipo) that seeks to raise around rs 215 crore. "the company has fixed the price band from rs 258 to rs 268 per equity share consisting of a fresh issue of equity shares aggregating up to rs 215 crore and an offer for sale of up to 9,00,000 equity shares by new york life investment management india fund (fvci) ii llc, the selling shareholder," s p apparels chairman and managing director p sundararajan told reporters here. the offer opens on august 2 and closes on august 4. the tiruppur-based company currently operates through 21 manufacturing facilities in tamil nadu. for fiscal year 2016, the company exported approximately 35.98 million pieces of knitted garments for infants and children directly to international customers, including tesco and primark. the ipo is managed by motilal oswal investment advisors private limited and centrum capital limited. the equity shares offered through the ipo are proposed to be listed on bse and nse.South Korean fashion conglomerate E-Land Group has shortlisted five preliminary candidates that bid at least 1 trillion won ($859 million) for apparel brand Teenie Weenie%u2019s operations in China.
The group said on Tuesday that 10 bidders participated in the auction and its sale%u2019s adviser China International Capital Corporation (CICC) picked five preliminary contenders including Chinese fashion companies and financial investors that proposed more than 1 trillion won for Teenie Weenie%u2019s trademark, business rights, design and sales organization in China. The deal excluded the brand%u2019s operations in Korea, Hong Kong and Taiwan.
E-Land will give the shortlisted bidders a month to conduct due diligence and name the final bidder early next month. The group aims to sign a final contract in July and complete the sale process within September.
The Chinese operation of Teenie Weenie, one of the best-selling brands in China, raked in 446.2 billion won in sales last year through its 1,200 stores across the country. Its net profit came to 90.3 billion won last year and average operating profit margin reached 34 percent.
E-Land expects that the potential sale of Teenie Weenie would significantly improve the group%u2019s overall financial health. Encouraged by Teenie Weenie bid%u2019s result, the group is also set to speed up the process of selling its retail chain Kim%u2019s Club, an initial public offering (IPO) of E-Land Retail and pre-IPO of its Chinese entity.
Wednesday, 27 July 2016
Monday, 25 July 2016
DEAR FRIENDS GOOD DAYS ARE COMMING -FOR- E-LAND LTD,
E-Land will make new highs in the days to come. patience is the key. result not yet announced. quarter on quarter changes is the key. any slight positive will take this stock to new high with back to back upper circuits. good luck.
South Korea%u2019s fashion conglomerate E-land Group said that it will seek to place pre-initial public offering (IPO) for its combined Chinese unit with institutional players in the second half of the year ahead of going public in Hong Kong or in the Chinese mainland stock markets.
It will first merge E-land International Fashion Shanghai Co. and E-land Fashion Shanghai Co. and select IPO underwriters in the second half in hopes to go public in Chinese territory between 2018 and 2020. Its first IPO choice is the Hong Kong bourse, but could opt for Shanghai or Shenzen markets, a group official said.
E-land International Fashion Shanghai is an AA rated company in China that runs women%u2019s apparel brands Teenie Weenie and E-land with annual sales surpassing 300 billion ($258.9 million) each. E-land Fashion Shanghai has recorded 780 billion won in sales, buoyed by strong performance of its sportswear and men%u2019s wear brands including New Balance and K-Swiss.
Combined sales from 5,500 stores in major cities across China are tallied at 2 trillion won with annual growth over the last six years averaging 19 percent.
Planned sales of big-box-store chain Kim%u2019s Club and listing of E-land retailing operation are aimed to expand presence in China, he said. E-land has been trying to improve financial structure by selling Kim%u2019s Club operation to concentrate on retail business in China.
Friday, 8 July 2016
DEAR FRIENDS LOOK TO--RAJOO ENGG---
rajoo in bull grip and should take this gem to cross 30 easily. expecting the good results with healthy order book should make this to give a good breakthrough. cheers...
From last few sessions delivery % in day`s totsl volume are more than 85%. This is very positive sign for investors. Definitely one who invested will get very very healthy returns. HOLD for 36 in Short term.
As I am hoping, Rajoo did give a break out... Now it is in firm bull grip. Enjoy.
Any time it wil show upper circuit....
Sunday, 3 July 2016
GST IS COMMING MARKET WILL -BOOM BOOM......
ALL LETHER INDUST..AND FOOT WEAR COMP..WILL PERFORM GOOD...
GINNI FILAMENT LTD...DEAR INVESTER, ADD IN YOUR PORTFOLIO....
GREAT NEWS FOR --GINNI FILAMENTS-- IS,,
Successful Exit from CDR Ginni Filaments Ltd has informed BSE that Corporate Debt Restructuring (CDR) Cell has approved the exit of the company from CDR through its letter dated June 23, 2016 (copy of letter received through e-mail).
Further, the Company has already paid ROR of Rs. 17.73 Crore i.e. 75% of gross ROR amount of Rs. 23.64 Crore to all the lenders. The above successful exit from CDR is around two years before the scheduled date of exit.
Ginni Filaments, after coming out of CDR, is on right track. It could be an Indocount, Welspun or Kitex in the making. Accumulate now and keep a close watch for next 2 quarters. Any break out will take it to un believable heights!Breakout. volumes speaks clear break out. its a multubagger. those who are left out can still board the bus. at 28 rs. this stock is still trading cheap. see this stock after aix months at unbelievable price.
IT WILL GIVE A HAND SOME RETURN TO INVESTER IN SHORT TO MEDEUM TERM..SURE....
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