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Thursday, March 23, 2006

Hanung Toys & Textiles files prospectus with Sebi

Soft toys manufacturer and exporter Hanung Toys and Textiles has filed the draft red herring prospectus with Sebi for its initial public offer, IPO, whose proceeds will be used to finance expansion plans.

Soft toys manufacturer and exporter Hanung Toys and Textiles has filed the draft red herring prospectus with Sebi for its initial public offer, IPO, whose proceeds will be used to finance expansion plans, report agencies.

The company will enter the capital market with the 100% book building process, it said in a statement.

The public issue consists of 95,00,000 equity shares of Rs 10 each, comprising 5,00,000 equity shares for eligible employees on a competitive basis.

The issue would constitute 37.72% of the post issue paid up capital of the company.

Karvy Investors Services and Anand Rathi Securities are the managers to the issue.

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