IPO SECTION

KPR Mill (KPR) is a vertically integrated apparel company having manufacturing facilities at Sathyamangalam, Tirupur and Coimbatore . The company manufactures and markets readymade knitted garments, knitted fabric and cotton yarn.

KPR has planned an Rs 472 crore expansion plan in its spinning, processing and garmenting divisions. The spinning division is expected to double its capacity to more than 2,20,000 spindles, while the garmenting division, which is expected to become operational by the end of 2008 would have an expanded capacity of 2.59 crore pieces per annum.


Issue details

Bid/Issue opens: August 02, 2007

Bid/Issue closes: August 07, 2007
Price Band: Rs 225 - 265
Minimum application: 25 shares and in multiples of 25 shares thereof
Maximum Retail Bid Amount: Rs 100,000

Objectives of the issue

Expansion of existing garment facility and setting up of new knitting facility and design studio at Arasur, near Coimbatore
Expansion .of processing facility at Perundurai;
Addition of balancing equipments for our existing spinning facility at Sathyamangalam