Talwalkars to come up with Rs 1000 crore IPO

Indore, Apr 17 (UNI) Talwalkars, a company running 40 fitness centres across the country, will enter the stock market soon to raise Rs 1,000 crore for its expansion programme.

Company Chairman Madhukar Talwarkar told mediapersons that the company plans to open 100 centres till 2010.

Without disclosing more details about the Initial Public Offer (IPO), he said Talwalkar would become the first of its kind in the stock market as there is no other fitness sector company listed at present.

The Company would soon launch its centres in Bhopal and Indore adding to the existing one in Madhya Pradesh.

Visakhapatnam would also see Talwalkars presence soon, he added.

Mr Talwalkar said the company's centres had most modern equipments, trainers and physiotherapists. He added some of the centres had facility of Yoga training also.

UNI