Game Changers Texfab, an innovative retail fashion and technical textile solutions company, plans to raise ₹55 crore through an on the SME platform.
The company will issue 53.76 lakh equity shares in the price band of ₹96 – ₹102 a share. The issue will open for subscription on Tuesday while the anchor bidding will open on Monday and issue will close on October 30.
The net proceeds from the IPO will be used for capital expenditure, working capital requirements and general corporate purposes including acquisitions.
Corpwis Advisors will be the lead manager while Skyline Financial Services has been appointed as the registrar.
Sanjeev Goel, Managing Director, Game Changers Texfab, said through strategic sourcing and an asset-light manufacturing model, the company delivers a diverse range of fabric solutions.
“We specialise in women’s wear, technical textiles and customised garments, ensuring agility, efficiency and long-term trust with boutiques, export houses and retail clients,” he said.
Ankur Aggarwal, Executive Director & CFO, Game Changers Texfab, said the net proceeds from the IPO will help the company strengthen sourcing operations, broaden product portfolio and scale faster in response to changing market demands.
The company is confident of driving sustainable growth, enhance operational efficiency and reinforce the overall strength, he added.
Shilpa Kanodia, Director, Corpwis Advisors, said the company has built a strong presence in the textile industry by focusing on sourcing the finest fabrics from the right suppliers and ensuring tailored solutions for its customers.
The textile industry continues to experience steady growth, fuelled by rising demand for both fashion and technical fabrics, she said.