Indus Fila Public issue to open on Feb 12

Bangalore, Feb 9 (UNI) Indus Fila Limited, engaged in yarn dyeing, fabric weaving, fabric processing and apparel manufacturing, will be entering the capital market with a public issue of 4,843,789 equity shares of Rs ten each through the 100 per cent book building process.

The price band for the issue, to open on February 12 and close on February 14, had been fixed between Rs 170 and Rs 185, according to a company release here today.

The funds would be utilised to part finance its Rs 166.24 crore plan for expansion of capacities in weaving, yarn, dyeing and setting up Centre of Excellence for processing and garmenting.

UNI