Incorporated in 2004, Libas Designs Limited engaged in the process of fabrication of fabric into garments in India. It offers sherwanis, suits, jackets, shirts, pants, and Indo Western products for men; sarees, suits, lehengas, gowns, and anarkalis for women; accessories comprising jewelries, belts, mojaris, cufflinks, and saffa; and jute bags, such as carry, gifts, bottle, lunch, and grocery bags. The company markets its products under the LIBAS RIYAZ GANGJI brand.
They have tie ups with major ecommerce players portals such as www.jabong.com, www.paytm.com, www.indianroots.com and have its own portal in the name of www.libasfashion.com. They has tie up with more than 80 Indian & international designers and have inventory of more than 500 Designer wear to choose. Currently, they have 8 stores either own or on franchisee basis.
The Promoters of the company are:
1. Mrs. Reshma Riyaz Ganji;
2. Mr. Riyaz Eqbal Ganji and
3. Mr. Nishant Mitrasen Mahimtura
The objects of the Issue are:
1. To set up 4 new stores;
2. To meet the working capital requirements of the Company including margin money;
3. General Corporate Purposes;
4. Issue Expenses.
»» Issue Open: Dec 27, 2016 - Dec 30, 2016
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 2,000,000 Equity Shares of Rs 10 aggregating up to Rs 13.60 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 68 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: NSE SME
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