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Issue Open Date
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22-Sep-10
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Issue Closing Date
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27-Sep-10
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Application Money
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100
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Allotment Money
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Price Band
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127
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135
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Minimium Application No.
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50
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Issue Size (Shares)
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7777778
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Market Lot
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1
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Objective
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The Objects of the Issue are to raise funds for:1. Establishment of new integrated manufacturing facility2. Expansion of Exclusive Brand Outlets3. Additional Working Capital4. Repayment of Debt5. General Corporate Purposes6. Expenses for the Issue
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1240157
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4747700
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3.82830560969297
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Qualified Institutional Buyers
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4133858
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7071500
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1.71062963459316
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Retail Individual Investors
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4133858
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7071500
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1.71062963459316
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Business Description:
We are in the business of designing, manufacturing, branding and retailing of apparels under the brandnames of “CANTABIL” and “La FANSO”. We have a network of 381 exclusive retail outlets (as ofAugust 31, 2009) spread across India.We started our garments manufacturing and retailing business in 2000 and opened our first Cantabil storeon September, 2000 in New Delhi. The “CANTABIL” brand with 206 exclusive retail outlets offers thecomplete range of formalwear, party-wear, casuals & ultracasual clothing for Men, Women and Kids in themiddle to high income group. In the last 9 years, “CANTABIL” has become a complete family wear brandwith addition of women’s wear segment in 2007 and Kidswear segment in 2008. Sales from Cantabil brandhas increased from Rs 730.07 million in fiscal year 2007-08 to Rs 1138.27 million in fiscal year 2008-09and has contributed 82.91% of our total income in 2008-09. We launched our second brand “La FANSO”on 25th October 2008 and have 175 exclusive outlets. The “La FANSO” brand caters to men’s segment inlower to middle income group and focuses on casual, ultra casual and formal wear. We are also retailingvarious accessories like ties, belts, socks, caps and handkerchief under our brands.Presently we have 3 in-house manufacturing / finishing units and 4 warehouses located in Delhi. We alsohave 3 third party dedicated units manufacturing exclusively for us. We have fabricating arrangements with94 manufacturing units to which we outsource cutting and stitching. Our manufacturing and finishingfacilities are sufficiently backed by facilities for product development, design, fabric testing to ensurequality apparels for our customers. We are setting up a garment washing unit at Sonipat at a cost of Rs22.09 million, which is under advance stage of implementation and is slated to start operation by end ofMarch 2010. In order to meet our growth plans and to reduce our dependence on third party fabricators, weare proposing to set up a large integrated manufacturing facility at Bahadurgarh. As per our restated financial statements, our total revenues for the financial years ended March 31, 2009,2008 and 2007, were Rs 1383.23 million, Rs 733.58 million and Rs 443.72 million respectively. For thefinancial years ended March 31, 2009, 2008 and 2007, our profit before tax was Rs 95.53 million, Rs 44.72million and Rs 43.63 million respectively.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
B - 16
Ground Floor
Lawrence Road Industrial Area
New Delhi
,
Delhi
,
110035
Phone :
011-41414188 / 46818101
Email :
info@cantabilinternational.com
Website :
www.cantabilinternational.com
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Registrar |
Beetal Financial & Computer Services (P) Ltd
321 - S Third Floor
Near Shahid Bhagat Singh College
Chirag Delhi
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
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SPA Merchant Bankers
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Promoters |
Deepak Bansal
Vijay Bansal
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