Stitched Textiles Limited files IPO upto Rs. 200 Crore with SEBI

Ahmedabad : Barcelona- brand of Stitched Textiles Limited- India’s leading men’s wear fashion brand, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds upto Rs. 200 crore through an initial public offering (IPO).

According to the draft red herring prospectus (DRHP), the planned IPO would be entirely through a new issue of equity shares.

The company plans to expand its retail business by opening upto130 Exclusive Brand Outlets

Finshore Management Services Limited are the Book Running lead managers to the IPO.

Jaimin Gupta, promoter of the Company stated that “Barcelona will achieve new heights in coming years and is thankful to all stake holders of the company who believed in our Vision”

The Company’s flagship brand ‘Barcelona’, is one of the famous brands known for men’s wear garments at PAN India level.Since the company’s incorporation, it has expanded offerings under the “Barcelona” brand to include a wide product range of Men’s Wear like Shirts, Trousers, T- Shirts, Denims, Suits, Blazers, Trunks, Vests, Boxers, Tracks and such other various products. The brand strongly believes in providing their customers with high-end fashion products at a very affordable and economical pricing.

To learn more about Barcelona, click here: http://www.barcelonaclub.in.

No offer or solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Caution Concerning Forward-Looking Statements:

Certain statements are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

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