{"id":18226,"date":"2020-02-20T17:56:35","date_gmt":"2020-02-20T17:56:35","guid":{"rendered":"http:\/\/faceinews.com\/?p=18226"},"modified":"2020-02-20T17:56:35","modified_gmt":"2020-02-20T17:56:35","slug":"mukesh-trends-lifestyle-ipo-gets-sebi-nod","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=18226","title":{"rendered":"Mukesh Trends Lifestyle IPO gets SEBI Nod"},"content":{"rendered":"<p>Mukesh Trends Lifestyle IPO gets SEBI Nod<\/p>\n<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><br \/>\nChennai, February 2020: Mukesh Trends Lifestyle Ltd, a leading textile manufacturer primarily engaged in the business of fabric manufacturing and processing, received SEBIs approval vide their observation letter issued on Feb 14, 2020. The company had filed its DRHP with SEBI on September 27, 2019.<br \/>\nMTLL commenced its commercial production in 1990 with an installed capacity of 5 million meters per annum for the production of woven fabrics. With regular modernization of machinery, technology procession and subsequent marketing network and increase in demand of knitted fabrics; the Company successfully diversified its manufacturing business of knitted fabrics. In April 2016, MTLL diversified their manufacturing facilities to manufacture knitted fabrics by starting a separate 132 commercial division for processing and printing knitted fabrics in April 2016 with an installed capacity of 3,600 MT per annum.<\/p>\n<p>The Companies revenue from Operations, EBITA and PAT between FY17-19 grew at a CAGR of 5.60%, 41.66%, and 116.18% respectively. Its income from exports grew at a CAGR of 366.80% from \u20b9 5.01 mn in FY17 to \u20b9 109.17 in FY19<\/p>\n<p>The Company seeks an issue of up to 10,000,000 equity shares of face value of \u20b9 10\/- each according to the DRHP filed with SEBI. As per the market sources, the IPO issue size will be approximately between \u20b9 75 to 90 crores<br \/>\nThe BRLM to this issue is Pantomath Capital Advisors Private Limited<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Trends Lifestyle IPO gets SEBI Nod Chennai, February 2020: Mukesh Trends Lifestyle Ltd, a leading textile manufacturer primarily engaged in the business of fabric manufacturing and processing, received SEBIs approval vide their observation letter issued on Feb 14, 2020. The company had filed its DRHP with SEBI on September 27, 2019. MTLL commenced its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-18226","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18226"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18226\/revisions"}],"predecessor-version":[{"id":18227,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18226\/revisions\/18227"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}