Cantabil Retail India Ltd IPO Opens on 22Sept ,2010

Cantabil Retail India Ltd engaged in the business of designing, manufacturing, branding and retailing of apparels under the brand names of "CANTABIL" and "La FANSO" proposes to enter the apital market on 22 nd Sept ,2010 with its initial Public offer {IPO} of Rs 1,050 Million,equity shares of rs 10/- each.

The company has fixed the price band of the issue at rs 127 to rs 135 per equity share.SPA Merchant Bankers Ltd is the sole Book Running lead manager for the issue and Beetal financial & computer Services P ltd is the Registrar to the issue.
The Issue will be through a 100% book building process,wherein at least 50% of the issue shall be allowed on a proportion basis to qualified institutional Buyers.

Further not less than 155 of the issue shall be available for allocation on proportion basis to Non-Institutional Bidders and not less than 355 of the issue shall be available for allocations on a proportion basis to retail individual Bidders subjet.


"CANTABIL" brand have a network of 381 exclusive retail outlets spread across India.The "CANTABIL" brand with 206 exclusive retail outlets offers the complete range of formal wear,party-wear,casuals & ultra casual clothing for Men, Women and Kids in the middle to high income group. The "La FANSO" brand caters to men's segment in lower to middle income group and focuses on casual, ultra casual and formal wear. They also retail various accessories like ties, belts, socks, caps and handkerchief under their brands.

"CANTABIL" brand have 3 in-house manufacturing / finishing units and 4 warehouses located in Delhi. They also have 3 third party dedicated units manufacturing. Cantabil Retail's stores are situated at Delhi, Mumbai, Calcutta, Bangalore, Hyderabad, Pune, Jaipur, Ahemdabad, Vadodra, Lucknow, Kanpur, Patna, Ranchi, Dehradun, Meerut, Ludhiana, Jalandhar, Udaipur, Agra, Ghaziabad and Gurgaon etc.