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House of Pearl Fashions Limited (HOPFL) is a multinational, ready-to-wear apparel company operating in three business streams: manufacturing, marketing and distribution, and sourcing of garments. They also provide total supply chain solutions to their customers, which include value retailers as well as higher-end fashion brand retailers in the United States and Europe. House of Pearl Fashions multi-stream business model enables them to offer multi-country, multi-gender and multi-product options to there global customers.
House of Pearl Fashions currently operate ten modern ready-to-wear apparel manufacturing facilities, of which six are located in North India, one in South India, two in Bangladesh and one in Indonesia, which enable us to leverage each location’s relative advantage in a particular product category.
House of Pearl Fashions has marketing and distribution offices in the U.K., the U.S. and Hong Kong to cater Canada, Europe, Hong Kong, U.K., U.S and other countries.
The Company intends to use the Net Proceeds for the following purposes:
1. Investment in its subsidiary companies to increase the production capacity of the Group from 20 million pieces per annum to 40 million pieces per annum. This is proposed to be achieved by the following means:
A. Establishment of a new woven manufacturing facility by Pearl Global in the State Industries Promotion Corporation of Tamil Nadu Limited Industrial Park (“SIPCOT Industrial Park”), Irungattukotai, India;
B. Establishment of a new wovens and knits manufacturing facility by Pearl Global in Narsingpur, Gurgaon, Haryana, India;
C. Acquisition of an existing knitted garment manufacturing facility by Pearl Global in Khandsa, Gurgaon, Haryana, India; and
D. Establishment of a new knits manufacturing facility by Norp Knit in Dhaka, Bangladesh.
2. Investment in its subsidiary company, Pearl Global, for the establishment of a design centre and corporate office at Gurgaon, Haryana, India;
3. Setting up of an integrated information technology system;
4. Pre-payment of certain term loans availed by the Company and its subsidiaries;
5. Investment in its subsidiary company, Multinational Textiles, for payment of purchase consideration to SACB Holdings Limited and Pallas Holdings Limited as part of the Group restructuring;
6. Setting up a domestic branded apparel retail business;
7. Acquisition of an existing international brand in the U.S. or the U.K. for retail outside India; and
8. General corporate purposes.
| IPO Opening Date | Jan 16, 2007 |
| IPO Closing Date | Jan 23, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹525 to ₹600 per equity share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,984,994 Eq Shares of ₹10 (aggregating up to ₹329.17 Cr) |
The House of Pearl IPO market lot size is 10 shares. A retail-individual investor can apply for up to 33 lots (330 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10 | ₹6,000 |
| Maximum | 33 | 330 | ₹198,000 |
The House of Pearl IPO is subscribed 3.91 times on Jan 23, 2007 17:00. The public issue subscribed 1.81 in the retail category, 6.34 in the QIB category, and 1.14 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Thursday, February 15, 2007 |
| BSE Script Code | 532808 |
| NSE Symbol | PGIL |
| Listing In | B1 Group of Securities |
| ISIN | INE940H01014 |
| IPO Price | ₹550 per equity share |
| Face Value | ₹10 per equity share |
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House of Pearl Fashions Ltd
A-3, Community Centre,
Naraina Industrial Area,
Phase II, New Delhi - 110 028, India
Phone: +91 11 4141 7680
Email: jayantipo@hopfl.org
Website: http://www.hopfl.org
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: delhi@intimespectrum.com
Website: http://www.linkintime.co.in
House of Pearl IPO is a main-board IPO of 5,984,994 equity shares of the face value of ₹10 aggregating up to ₹329.17 Crores. The issue is priced at ₹525 to ₹600 per equity share. The minimum order quantity is 10 Shares.
The IPO opens on Jan 16, 2007, and closes on Jan 23, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The House of Pearl IPO opens on Jan 16, 2007 and closes on Jan 23, 2007.
House of Pearl IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.
You can apply in House of Pearl IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for House of Pearl IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the House of Pearl IPO allotment status.
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