Bang Overseas Limited IPO

Bang Overseas Limited IPO
Period	28-Jan to 31-Jan 2008
Size (Equity Shares)	3,500,000
Type	100% Book Building
Face Value	Rs. 10-
Price Range	Rs 200 to Rs 207
Market Lot	30 Shares
Max shares Retails investor can apply at cut off	480 shares (Rs.480)
Registrar	Karvy Computershare Private Limited
Registrar's email	bang.ipo@karvy.com
Lead Manager	Almondz Global Securities Ltd
Listing	BSE, NSE
Grading
About the company
Established: 1992; Business: Providing fashion fabrics and meeting ready to wear requirements of our customers in apparel, textile and retail segment. They are conceptualising and designing fashion fabrics and outsourcing the manufacturing process of the same from countries like Turkey, Portugal, Mauritius and other European Countries. They have centralised warehousing and logistic centre at Kalher Village near Bhiwandi to facilitate their supply chain management. Bang Overseas Ltd have ten retail outlets located at Mumbai, Rajkot, Surat, Gurgaon, Pune, Bangalore (3 stores), Kolkata, and Ahmedabad which are established under the brand name "Thomas Scott" retail outlet. Their products are presently retailed through 155 point of sales comprises of their own retail outlets, Large format stores (LFS) like Shoppers' Stop, Pyramid, Globus, SAGA and Multi Brand Outlets (MBO) spread all over India.
Objects of the Issue
Setting up retail outlets across India and brand building; Setting up a new apparel manufacturing unit; Warehousing and Logistic facilities; General Corporate Purposes;