Nandan Terry files draft offer document for maiden IPO of up to Rs 254 cr


Ahmedabad centered firm, Nandan Terry Limited, belonging to Chiripal group, a textile conglomerate, filed draft give doc with the regulators.


The Business is engaged in manufacturing of terry towels and toweling products in Gujarat. The Corporation ideas to raise the funding from IPO for personal debt reduction and meet its extended-expression operating capital needs. This offer you document does not involve any supply for sale.







Chiripal Team enjoys existence in industries this sort of as textiles, instruction, true estate, packaging and chemical substances and delivers a extensive spectrum of production, contract production, buying and selling, distribution and service-connected activities in sectors like textiles, training, packaging, infrastructure, petrochemical etc. for extra than 3 many years.


E book Managing Guide Managers to the issue are Holani Consultants Pvt. Ltd. and BOI Service provider Bankers Ltd. Registrar to the situation is Connection Intime India Pvt. Ltd.


Ronak Chiripal, CEO of Nandan Terry mentioned ‘It’s another mile stone in journey and we are keenly looking forward to it.’


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(Only the headline and image of this report may well have been reworked by the Company Typical staff members the rest of the content is car-created from a syndicated feed.)

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