Senior Correspondent, IndianRetailer.com & Retailer Magazine Feb 16, 2017 / 3 MIN READ
Genesis Colors Private Limited, which has the rich portfolio of luxury brands like Satya Paul and Bwitch, has received an approval to raise an estimated Rs 650 crore through an initial public offering (IPO).
The company had filed its draft red herring prospectus (DRHP) with SEBI in September. The capital markets regulator on February 3 issued its final observations on the draft offer documents, which is necessary for any company to launch a public offer.
The IPO comprises fresh issue of shares worth Rs 380 crore and offer for sale up to 1,916,741 equity scrips by existing shareholders by Mayfield Fund, Henderson Private Equity and Innoven Capital, among others. The company is going to garner about Rs 650 crore. The IPO is being managed by ICICI Securities, Edelweiss Financial Services and Ambit.
( Source: DalalStreet Journal)
The store showcases a range of accessories, from cufflinks to bags, displayed like precious jewels. Satya Paul's renowned saris share the spotlight, strategically placed to highlight their unique prints.
The store's design, characterized by smooth, soft, and seamless contours, aims to be both experimental and nurturing, according to Rajesh Pratap Singh, Satya Paul's Creative Director.
Masaba will provide design direction for Satya Paul Signature lines.
The new concept store showcases an inclusion of distinct materials like tinted glass, gun metal fixtures and contemporary ‘jaali’, whereas the wood, terrazzo, suede and hint of brass brings a richness to the store.
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