Forthcoming IPOs : Libas Designs Ltd.- 23 Dec 2016

Libas Designs Ltd.
B-201, 2nd Floor, Duplex Height Co-op Society, Yamuna Nagar, Andh , Mumbai , Maharashtra - 400053 Phone: 23525145
Public Issue of 2000000 Equity Shares of Rs 10 each for Cash at a Premium of Rs 58 per share.
Issue Open Date Issue Closing Date Application Money Allotment Money 27/12/2016 30/12/2016 68 -
Lead Managers Registrar Listed at SARTHI CAPITAL ADVISORS PRIVATE LTD. Bigshare Services Private Limited. E-2 Ansa Industrial Estate, , Saki Vihar Road, , Sakinaka, , Mumbai , Maharashtra - 400072 Phone: 40430200 Fax: 28475207 Not Available
Object of the issue The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the NSE Emerge Platform. The objects of the Issue are: - 1. To set up 4 new stores, 2. To meet the working capital requirements of the Company including margin money, 3. General Corporate Purposes, 4. Issue Expenses.
Project Cost (Rs.) ISSUE EXPENSES 4,000,000.00 WORKING CAPITAL REQUIREMENTS 70,000,000.00 GENERAL CORPORATE EXPS. 22,000,000.00 TO SET UP NEW STORES 40,000,000.00 TOTAL COST 136,000,000.00
Means of Finance (Rs.) PUBLIC ISSUES 136,000,000.00 TOTAL COST 136,000,000.00
Promoted by The Promoters of the Company are : 1. Mr. Nishant Mitrasen Mahimtura 2. Mr. Riyaz Eqbal Ganji 3. Mrs. Reshma RiyazGanji 1. Mr. Nishant Mitrasen Mahimtura : Mr. Nishant Mitrasen Mahimtura, aged 69 Years, is the Promoter and Director of the Company. He is Bachelor of Science from University of Bombay. He holds a Diploma in Marketing and Advertising. He is having more than 45 years of experience in the fields of Marketing and Finance. He looks after strategic planning, marketing and managing the finance & accounts of Libas Designs Limited. Recently considering his expertise and vast experience in the field of finance and accounts he has been appointed as the CFO of the company. Permanent Account Number : AACPM1240J Passport No. : M0303823 2. Mr. Riyaz Eqbal Ganji : Mr. Riyaz Eqbal Ganji, aged 46 Years, is the Executive Director of the Company. He has done his SSC in the year 1986. He is having rich experience of more than 20 years. He returned to Mumbai after working under Shenzhen tailor for a year in Hong Kong and started his First Libas – Riyaz Gangji store in the year 1996 under the proprietorship firm Libas Fashions. He has been designer of the first international video of A.R. Rahman in Vande Mataram. In 1996. Permanent Account Number : AADPA6454B Passport No. : Z2331625 3. Mrs. Reshma RiyazGanji : Mrs. Reshma Riyaz Ganji, aged 43 years, is the Managing Director of the Company. She has done her graduation from Mumbai University. She is a Mumbai based International fashion designer and having experience of more than 20 years in this field. She is the first Indian female designer to represent India at the World Trade Center (New York). She has also received the ‘No. 1 Fashion Designer Brand Award’ in 2015 for Libas. Permanent Account Number : AJDPG4031D Passport No. : H8009888

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