Genesis Colors IPO Details & Review – Opening date, Price Band, Opening Price
Update:8-Feb - SEBI has approved Genesis Colors IPO
Genesis Colors Limited is a leading platform for luxury & premium fashion brands in India. (Satya Paul, Armani, Hugo Boss , Jimmy Choo etc)
Issue Details (not yet announced)
IPO Open :
Issue Price band:
Issue Size:
Market lot :
Max Shares for Retail -
IPO Issue Allocation
Qualified institutional buyers (QIBs) - 50% per cent of the total issue size.
Non-institutional investors (NIIs) - 15% per cent of the issue size.
The retail quota limit in the issue = 35%
Objective of the issue:
The objects of the net proceeds from the issue are:
1. Purchase of shares of Genesis Luxury Fashion Private Limited (a subsidiary) from Splendor distribution limited(Rs 280 crores)and Sanjay Kapoor (Rs 37 crores) and...