New Delhi: Garment maker SP Apparels, which concluded its initial public offering (IPO) earlier this month, will make its stock market debut tomorrow. SP Apparels’ IPO was oversubscribed nearly three times during August 2-4. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.21 times, while non-institutional investors 5.10 times, as per NSE … Read More →
SP Apparels’ IPO was oversubscribed nearly three times SP Apparels shares jumped nearly 8 per cent to Rs. 288.75 on its market debut, against the issue price of Rs. 268. The garment maker’s IPO was oversubscribed nearly three times during August 2-4. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.21 times, … Read More →
Silk fibres have been exempted under GST. (File Photo) GUWAHATI: Five years ago, Lekha Goswami left her plum corporate job to follow her passion – designing traditional clothes and started a one-room Assamese ethnic-wear boutique. Off late, the 37-year-old has been anxiously spending inordinate amounts of time reading up on the recently launched GST – … Read More →
Apparel export fell in November by 10 per cent in dollar terms and nearly 14 per cent in rupee terms, as against November 2016. Export of ready-made garments (RMG) were $1,036 million, down almost 10 per cent from a year before. In rupee terms, export was Rs 6,719 crore, from Rs 7,783 crore in November 2016, … Read More →
A worker at a knitwear unit in Ludhiana. File photo New Delhi, December 30 The year 2018 may turn out to be a challenging year for India’s textile and garment industry, with exporters still reeling under the impact of GST and outward shipments likely to miss the USD 45 billion target for 2017-18.Garment exporters have … Read More →
Indian apparel industry performing positive despite global changes: Smriti Irani New Delhi, Dec 19 (KNN) In an attempt to woo the textile sector in the country comprising of a fair share of Micro, Small and Medium Enterprises (MSMEs), Textile Minister said that the sector is performing competitively despite the change in global markets. The Minister said … Read More →
Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read More →