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Mukesh Trends to go public

Mukesh Trends Lifestyle is filing for an IPO. The IPO issue size will be between Rs 70 to Rs 90 crores. The company is seeking an issue of up to 10 crore equity shares with a face value of Rs 10 each.

Mukesh Trends Lifestyle, based in Ahmedabad, is engaged in fabric processing. It has business operations in nine states and one union territory. With rising demand from China, Turkey and Brazil, the company intends to set up a new manufacturing unit to process knitted denim fabrics. Its exports grew 367 per cent from 2016-17 to 2018-19.

The company’s primary business is of fabric manufacturing and processing, including pre treatment, dyeing, printing and finishing of grey fabric to produce finished fabrics in the form of knitted and woven fabrics. It specialises in processing of a wide range of fabrics like 100 per cent cotton, polyester, nylon, acrylic, linen, viscose, vortex viscose, cotton elastane, cellulosic fibers and blended fabric. The company procures grey fabric, dyes and chemicals from the market to process and print fabrics for retailers, brands, garment manufacturers, brands and retail vendors, traders, dealers and distributors. Its manufactured fabrics are specially suitable for suiting, shirting, men’s wear, women’s wear, kids wear, baby clothing, nightwear and sportswear.