SVP Global Ventures Ltd, Mumbai, one of the fastest growing multinational cotton yarn manufacturers, has got listed on the National Stock Exchange (NSE).
The company commenced trading on NSE at Rs. 111.80 per share with a total quantity traded today being 3.49 lakh shares with a total delivery of 54.37 per cent. The market capitalisation of the company post-closing price stood at Rs. 1,361.77 crore.
SVP Global Ventures is engaged in manufacturing polyester, polyester & cotton blend, and 100 per cent cotton yarn across 3 state-of-the-art manufacturing facilities in Jhalawar, Rajasthan, Ramnad, Coimbatore and Sohar, Oman.
Chirag Pittie, Whole Time Director of the company said, “With this listing on the prestigious NSE, more investors will be able to participate in the growth story of the company. We will continue to focus on our domestic and international markets using the most modern state-of-the-art machines that provide us with higher operational margins. We are currently on a growth path and want our investors to benefit from it.”
“We have been eagerly looking forward to this listing, and it’s a privilege to be part of the NSE. This is a significant landmark for the company’s progressive journey as this will help us widen our retail investors’ base across the country. We are on a growth trajectory, and the current financial performance has shown steady growth. The company is working towards focussed technology-driven business operations,” said OP Gulia, CEO of the company.