Innerwear leader Lux Industries Limited lists on BSE

The listing of the Company on the premier stock exchanges of the country is expected to enhance the visibility for the Company’s equity shares and also provide liquidity for existing and prospective investors.  VC Corporate Advisors Pvt. Ltd. was the listing advisor to the company.

Ashok Todi, Chairman, Lux Industries Limited, said, “Listing on the premier stock exchanges is a significant milestone for Lux brand as promoters entering their Diamond Jubilee Year after six decades of experience since inception of their ventures in 1957."

He said: "We are one of the fastest growing innerwear companies in India, reporting a compounded annual revenue growth rate (CAGR) of 22% over a period of  five years leading to 2014-15 as against the textile industry’s single-digit percentage growth.” He added, “Over the years the Company has consistently outperformed its sectoral growth average through the following strategies: through the periodic introduction of new products that enhance style and comfort; through an ever widening family of retailers; through increasing exports; through sustained promotion, positioning as a common man’s brand delivering superior value; timely capacity increase (captive and outsourced); widening of its pan-India footprint; and its portfolio of products targetted at men, women and children.”

Pradip K. Todi, Managing Director, Lux Industries Ltd., added, “We are proposing to set up a world class integrated hosiery manufacturing unit near Serampur in West Bengal on land aggregating more than 5 lakh sq. ft. factory & godown space. It is planned that approximately 50,000 additional retailers will be added in another 5 years, which is expected to drive growth of our premium brands across domestic and international frontiers."