Indian IPO

All details about Hot Indian Primary Market.

Monday, August 13, 2007

Nature's Essence plans IPO

The Delhi-based herbal products manufacturing company Nature's Essence is planning an IPO to raise Rs 100 crore for expanding its operations. The Rs 30-crore company plans to set up a new manufacturing plant in Uttaranchal and also open 100 exclusive stores under its brand name. These stores would provide salon and training services.

This year Nature's Essence would be launching its range of colour cosmetics in both national and international markets. Besides, the company is also planning to supply products for private labels such as Subhiksha, Vishal Mega Mart and Marks & Spencer. The company expects to reach Rs 100-crore turnover within the next 16 months, reports The Hindu Business Line.


Post a Comment

<< Home