Nandani Creation raises funds

07 November 2022, Mumbai:

Nandani Creation is raising Rs 18 crores through private placement of 14 lakh equity shares and ten lakh warrants to 29 high net worth investors through preferential allotment.

Based in Jaipur, Nandaniis engaged in designing, manufacturing and retailing of contemporary Indian wear for women through three brands Jaipur Kurti, Amaiva-by Jaipur Kurti and Desi Fusion.

The product portfolio comprises kurtis, suit sets, pants, palazzos, fusion wear, and lounge wear. With the fresh funds, the company will further strengthen the product portfolio and deepen its market presence through all channels.

Currently, it sells products through its own website, seven exclusive brand outlets in Rajasthan and Punjab and through other major e-commerce platforms like Myntra, Ajio, Nykaa, Amazon, Tata Cliq, Flipkart etc. The company started its journey in 2012. Being one of the early movers, it was able to establish the brand in online retailing. The company offers products from economy to premium segments.

The company was listed on NSE Emerge through its IPO in October 2016 and migrated to the NSE main board on September 2, 2021. Investors have earned ten times return (including a bonus issue of 3:2 shares) from its IPO price of Rs 28 which translates into 45 per centcompound annual growth rate in the last six years.

In the last one year the company has delivered a return of 101 per cent for its investors.

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