Scotts Garments news and archive

Scotts Garments withdraws IPO due to timid response

After Sai Silks, readymade fashion garments manufacturer Scotts Garments has withdrawn its initial public offering owing to poor subscription response despite its low price band and extension of subscription period. The company extended the issue’s closing date to May 3 from April 29, 2013 earlier. It also lowered the price band to Rs 118-120...

Apparel

Scotts Garments’ launches IPO

Scotts Garments has entered the capital market with its initial public offering (IPO) of 1,05,06,954 equity shares of face value of Rs 10 each. The price band for the issue, which will close on April 29, is fixed at Rs 130-132 a share. The Rs 139 crores IPO of Scotts Garments has opened for subscription today. Scotts Garments is mainly engaged...

Apparel

Canbank VC Fund picks up 6.11% stake in Scotts Garments

Canbank Venture Capital Fund (CVCFL), a subsidiary of Canara Bank, has picked up 6.11 percent stake in Bangalore-based Scotts Garments for Rs 20 crores. The CVCFL has made the investment through its Emerging India Growth Fund, a Rs 500 crores fund. Scotts Garments, promoted by Naseer Ahmed in 2002, is a 100 percent export-oriented unit with...

Apparel

Scotts Garments explores domestic market

Scotts Garments, the $100 million apparel exporter from Bangalore, has decided to enter the domestic apparel retail space. The new venture known as Inmark Retail will run their domestic retail business. According to Inmark Retail chairman and MD, Naseer Ahmed, their aim is to realise the potential of the domestic industry and create a label for...