E-Land Apparel Share Price

The Company was incorporated as Bombay Fine Fabrics Private Limited on March 31, 1997. Subsequently name of the company was changed to Mudra Textiles Private Limited w.e.f. October 10, 2001. On December 1, 2005 the Company was converted into a public limited company. Name of the company was further changed to Mudra Lifestyle Limited w.e.f. December 2, 2005. Mudra Group was promoted the company. In October 2004, The company was consolidate business of the Group, East Coast Polytex, a Partnership Firm in the Group engaged in the business of weaving and two other Partnership Firms viz Mudra Exports (India) and Mudra Impex engaged in the business of Garmenting were taken over by MLL. Further w.e.f April 01, 2005 Picanova Fabrics Private Limited, Mudra Synthetics Private Limited and Venus Processors Private Limited were amalgamated with MLL. The company has engaged in fabric weaving, processing and making garments. The brand 'MUDRA' has built a strong goodwill for itself in the domestic market and commands a premium. The company has gradually moving towards garment manufacturing mainly in the designer shirts and lady's wear segments. At present The company have 177 automatic looms producing approximately 10.62 million meters of woven fabric per annum and 700 sewing machines with production capacity of 3.15 million garments per annum. The company is having manufacturing facilities of around 165,888 square feet, are spread across five locations at Bhiwandi (Kalher and Sonale) in Thane district, Bangalore, Daman and Navi Mumbai. February 2007, the company has entered into capital market. The company has issued 95,80,000 Equity shares to the public. Issue price is Rs.90/- per share.