Apparel manufacturer Cantabil on Monday announced its plans to raise Rs.105 crore through an initial public offer (IPO) that opens on September 22.

The retailer is also considering entering the sportswear segment in the next two years.

“The IPO proceeds will be utilised for setting up of a new manufacturing unit, expansion of retail network, repayment of debt and for working capital requirement,” Cantabil Retail Chairman and Managing Director Vijay Bansal told journalists here. Cantabil has fixed the price band between Rs.127 and Rs.135 an equity share.

Keywords: Cantabilapparels

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