Kaytex Fabrics IPO

Kaytex Fabrics is a textile manufacturing company that provides fast-fashion fabric solutions. The company oversees the entire production process, starting from yarn and continuing through to the finished fabric. Kaytex works with a wide range of fibres, including cotton, viscose, modal, acrylic, nylon, linen, and polyester. Alongside its fabric offerings, the company has also entered the womenswear segment, offering ready-to-stitch suits, co-ord sets, shawls, scarves, and stoles. The business operates through three main segments: brand enabler (collaborates with apparel brands to help them develop fashion products for their customers), own brands (markets its in-house labels Rasiya, Kaytex, and Darbaar-e-Khaas, primarily targeting consumers in North India, including rural and semi-urban regions) and non-branded segment (supplies fabrics and garments in bulk to wholesalers, retailers, and other large-scale buyers). Use of Proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ To fund the capital expenditure required for the construction of a warehouse and a sales office in Amritsar. To fund the capital expenditure required for the purchase of an advanced fabric processing system. To fund the company’s incremental working capital requirements. General corporate purposes. ;