Analysis and Insights into the world of IPOs and investing in India

Tuesday, December 21, 2010

Reid and Taylor India to come up with an IPO

Reid & Taylor (India) Ltd., a subsidiary of S Kumars Nationwide Ltd. (SKNL), is planning to come up with an IPO. The Company has already filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI)

According the the company's website, Reid & Taylor was launched by SKNL in India in 1998 with the inauguration of a state-of-the-art fabric plant at Mysore. Reid & Taylor has been styling the world's elite for over 170 years.

Reid & Taylor was the first brand in India to offer both fabrics and apparel under one label. The apparel range includes formal and casual daywear suits, jackets, trousers, shirts ties and accessories along with a wide selection of T-shirts, jeans, and other weekend wear. Amitabh Bachchan, India's most well-recognised and admired film icon endorses the brand
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