Cantabil Retail sets IPO price band of Rs 127-135 a piece

The IPO opens for bidding on 22 September 2010

Apparel maker Cantabil Retail India said on Friday it has fixed a price band of Rs 127-135 per share for its initial public offering (IPO) to raise up to Rs 105 crore.



The IPO will open for subscription on 22 September 2010 and closes on 27 September 2010.

Cantabil Retail is in the business of designing, manufacturing and retailing readymade garments and accessories, with 411 retail outlets spread across India.

The proceeds of the IPO will be used to set up a new manufacturing facility, expand retail operations and part pay debt.