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Apr 9, 2007

KPR Mills diluting 15.69% Equity

Coimbatore Based KPR Mill, a vertically integrated apparel company, Sathyamangalam and Tirupur, has announced that the company is diluting 15.69% of its equity as it enters the capital market with an initial public offer, IPO of 5,912,100 equity shares.

The company intends to offer the equity shares on a face value of Rs 10 each, for cash at a premium to be decided through the book-building process. The company has already filed the red herring prospectus with the Sebi, according to a release.


The company is raising funds to expand its garment and processing facilities, set up a new knitting facility and install windmills. The book running lead manager to the issue is Kotak Mahindra Capital Company and ICICI Securities is the co-book running lead manager.

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