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Trident Texofab Ltd to enter Capital Market

Monday, September 25, 2017
By A Business Reporter

Trident Texofab Ltd, Surat based manufacturer and supplier of exclusive range of Garments & Textile Fabrics. Our range comprises of Formal Fabrics, Scarfs & Pareos, Dobbys, Jacquards, Causal Fabrics & Technical Textile Fabrics is entering the Capital Market with an IPO of 11.76 lakhs Equity Shares of Rs. 10 each at a price of Rs. 30. The issue opens on September 21, 2017 and closes on September 26, 2017. Guiness Corporate Advisors Pvt. Ltd. & Indian Overseas Bank are Lead Manager to the Issue and Karvy Computershare Pvt. Ltd. is the Registrar. The company will be listed on BSE-SME segment. The proceeds of the Issue will be utilized for Working Capital Requirements, General Corporate Purposes and Issue Expenses.

Trident Texofab Ltd., manufactures multi-product finished, unfinished fabric range includes home furnishing, bedsheets, scarfs, pareos, suiting and shirting and technical textile fabrics, etc. at there state of art, ultra modern manufacturing unit at Surat having latest R&D center. Other range includes Home Furnishing Fabrics, Ladies Dress Material, Scarf Fabrics and Technical Textiles Fabrics are manufactured using quality-approved yarns and basic material.

The company has reported excellent results for the year ended march 2017 with revenues increasing from Rs. 6603.29 lakh to Rs. 7619.20 lakh.

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