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Momai Apparels Limited is entering in the capital markets (through NSE SME) with an initial public offering, IPO of 38,22,400 Equity Shares of Rs 10/- each aggregating Rs. 41.01 Crore. The price for the issue has been fixed at Rs. 78 to Rs 90 per share.
Incorporated in 2010, Momai Apparels Limited is subsidiary of Ashapura Intimates Fashion Ltd; a leading loungewear company; which is listed at BSE SME. Momai Apparels is engaged in manufacturing of intimate garments.
The issue opens on Sep 25, 2014 and closes for subscription on Sep 30, 2014. The equity shares of the issue are proposed to be listed on the SME Platform of NSE.
The Momai Apparels IPO is proposed to open on September 25, 2014. The IPO application ends on September 30, 2014.
Retail investors can apply in the retail or non-institutional investor category from September 25, 2014 to September 30, 2014. The Momai Apparels IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Momai Apparels IPO will open for subscription on September 25, 2014. The public issue will close on September 30, 2014.
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