(20 second reading) Bengaluru-based apparel manufacturer Gokaldas Exports Ltd. initiated its QIP aiming to raise Rs 600 crore. The issue price has been set at Rs 775 per share, representing a 4.05% discount to the last closing price, with a floor price at Rs 789.99.
Gokaldas Exports specializes in the design, manufacture, and sale of a diverse range of garments for men, women, and children. Additionally, it exports apparels to fashion brands and retailers across continents.
Gokaldas Exports reported an 8% decline in revenue year-on-year, totaling Rs 1,566 crore, along with a 46% drop in net profit to Rs 86 crore.