Reid & Taylor's $250 mn IPO by year-end

S Kumars Nationwide Ltd (SKNL)'s premium menswear subsidiary Reid & Taylor plans to hit the market with its $250 million initial public offering (IPO) by end 2010 and is in the process of filing its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) by end-this month, a top company official said.