39:20 Rights Issue & 1:1 Bonus Share: Textile Penny Stock Below Rs 2 Bags Order Worth Rs 12,00,00,000 From Reputed University Based in Kota, Rajasthan
The stock is up by 53.33 per cent from its 52-week low of Rs 1.05 per share.
Garment Mantra Lifestyle Limited has received a Letter of Intent (LOI) from a reputed university based in Kota, Rajasthan, for the supply of 6,00,000 (Six lakh) T-shirts, Track Pants and Hoodies under the Company's newly started uniform sector. The approximate value of the LOI is Rs 12 crore, marking a significant order and a strong step forward in the company’s efforts to expand its footprint in the institutional and uniform apparel segment.
About Garment Mantra Lifestyle Ltd
Garment Mantra is a company focused on fulfilling the fashion and lifestyle aspirations of the mass Indian population. The promoters of the company have extensive experience in the textile industry for over 3 decades. Garment Mantra has 3 business divisions. Firstly, Garment Mantra is engaged in the business of garment manufacturing and selling both knitted fabrics as well as knitted garments.
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Garment Mantra Lifestyle Ltd ex-trade rights issue in the ratio 39:20 (Ex-date was April 17, 2025) and before the rights issue, the shares of the company had ex-traded bonus shares in a 1:1 ratio (Ex-date was September 03, 2024).
On Tuesday, shares of Garment Mantra Lifestyle Ltd gained 3.9 per cent to an intraday high of Rs 1.61 per share from its previous closing of Rs 1.55 per share. The company has a market cap of Rs 93 crore. The stock is up by 53.33 per cent from its 52-week low of Rs 1.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.