{"id":32562,"date":"2026-10-09T16:15:37","date_gmt":"2026-10-09T10:45:37","guid":{"rendered":"https:\/\/wowentrepreneurs.in\/index.php\/2026\/10\/09\/integrated-knitwear-manufacturer-gleaming-apparels-limited-files-drhp-with-bse-sme\/"},"modified":"2026-10-09T16:15:37","modified_gmt":"2026-10-09T10:45:37","slug":"integrated-knitwear-manufacturer-gleaming-apparels-limited-files-drhp-with-bse-sme","status":"publish","type":"post","link":"https:\/\/wowentrepreneurs.in\/index.php\/2026\/10\/09\/integrated-knitwear-manufacturer-gleaming-apparels-limited-files-drhp-with-bse-sme\/","title":{"rendered":"Integrated Knitwear Manufacturer Gleaming Apparels Limited Files DRHP with BSE SME"},"content":{"rendered":"
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Ludhiana (Punjab) [India], October 9:<\/strong> Gleaming Apparels Limited<\/strong>, a Ludhiana-based integrated knitwear manufacturer with operations spanning yarn procurement and trading, fabric manufacturing and trading, and garment manufacturing, has filed its Draft Red Herring Prospectus<\/strong> with the SME Platform of BSE Limited (BSE SME)<\/strong> in preparation for its Initial Public Offering.<\/p>\n

The IPO will comprise a Fresh Issue of up to 25,00,000 equity shares<\/strong> with a face value of \u20b9 10 each<\/strong>, with no Offer for Sale component. The equity shares are proposed to be listed on the SME Platform of BSE Limited (BSE SME)<\/strong>.<\/p>\n

The company proposes to utilise the net proceeds towards funding its working capital requirements of up to \u20b9 850.00 Lakhs<\/strong>, repayment or prepayment, in full or in part, of all or certain borrowings of up to \u20b9 699.26 Lakhs<\/strong>, and general corporate purposes.<\/p>\n

The Book Running Lead Manager to the Issue is GYR Capital Advisors Private Limited<\/strong> & Maashitla Securities Private Limited is Registrar to the Issue<\/strong>.<\/p>\n

About Gleaming Apparels Limited<\/strong><\/h3>\n

Originally incorporated as Gleaming Apparels (OPC) Private Limited on November 25, 2021<\/strong> and converted into a public limited company on December 16, 2024<\/strong>, Gleaming Apparels Limited operates from Ludhiana, Punjab<\/strong>, a prominent textile manufacturing hub. The company manufactures knitted apparel including polo T-shirts, crew-neck T-shirts, sweatshirts, hoodies, joggers, shorts, tank tops and jackets, along with knitted and value-added fabrics such as single jersey, interlock, waffle knit, honeycomb, jacquard, fleece, feeder stripe and yarn-dyed fabrics. It serves customers in India and exports to the United States of America, South Africa, Panama and Nigeria<\/strong>. The company is led by Ms. Ritu Bansal, Promoter, Managing Director and Chairman<\/strong>, who has over 26 years of experience<\/strong> in the readymade garments and apparel sector, along with Mr. Amit Bansal, Promoter, Whole-Time Director and Chief Financial Officer<\/strong>, who has over 10 years of experience<\/strong> in apparel manufacturing and trading.<\/p>\n

In Fiscal 2026, the company recorded export sales of \u20b9 1,518.98 Lakhs<\/strong>, representing 28.35% of product sales<\/strong>. As of September 15, 2026<\/strong>, its total order value stood at \u20b9 1,985.56 Lakhs<\/strong>, of which the unexecuted order book was \u20b9 1,837.38 Lakhs<\/strong>. The order book comprised knitted fabrics and garments for domestic and international customers and supports advance production planning, procurement and utilisation of installed manufacturing capacity.<\/p>\n

The company operates one integrated manufacturing facility at Focal Point, Ludhiana<\/strong>, comprising garment manufacturing and knitting and fabric manufacturing units. The facility has more than 100 sewing and single-needle machines<\/strong>, stitching capacity of up to 2,750 pieces per day<\/strong>, combined knitting capacity of 2,400 kg per day<\/strong> and automatic flat collar machines capable of producing up to 5,000 collars per day<\/strong>. In Fiscal 2026, the Apparel & Garmenting Division produced 6.98 lakh pieces<\/strong> against installed capacity of 8.25 lakh pieces<\/strong>, recording 84.63% capacity utilisation<\/strong>. The company holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications<\/strong>.<\/p>\n

For the period ended 31st March 2026<\/strong>, the company reported Revenue from Operations of \u20b9 5,454.70 Lakhs, EBITDA of \u20b9 1,357.94 Lakhs & PAT of \u20b9 987.56 Lakhs<\/strong>. Revenue from Operations grew from \u20b9 2,457.15 Lakhs in Fiscal 2024 to \u20b9 5,454.70 Lakhs in Fiscal 2026<\/strong>, while PAT rose from \u20b9 288.83 Lakhs to \u20b9 987.56 Lakhs<\/strong>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ludhiana (Punjab) [India], October 9: Gleaming Apparels Limited, a Ludhiana-based integrated knitwear manufacturer with operations spanning yarn procurement and trading,…<\/p>\n","protected":false},"author":1,"featured_media":32563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[13],"class_list":["post-32562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/32562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=32562"}],"version-history":[{"count":0,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/32562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/32563"}],"wp:attachment":[{"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=32562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=32562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=32562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}