Kolkata-headquartered Dollar Industries, one of India's leading hosiery companies, gets listed on National Stock Exchange (NSE) with effect from Friday, April 21, 2017 at Rs 1314. The listing of the company on one of 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. Hem Securities was the listing advisor to the company.
Vinod Kumar Gupta, Managing Director, Dollar Industries, said, ''Listing on one of the premier stock exchanges is a significant milestone for Dollar Industries and it is indeed a moment of pride for all of us at Dollar as we embark on a new journey with us being listed on the National Stock Exchange. Today we are the first Indian innerwear company with fully Integrated Manufacturing unit. The company has a market share of over 15% in the branded knitwear market. The company has its presence in the entire length and breadth of the country in over 800 towns and cities in India and products are sold by over 80,000 retailers pan India. We are one of the fastest growing innerwear companies in India, reporting annual revenue of Rs 8.30 billion for the period 2015-16 with exports contributing to Rs 693 million for the financial year 2015-16.''
Further Gupta added that, ''The company is one of the leading knitwear brands in India and has its presence in Nepal, Middle East and Gulf countries. Company has it reputation as highest selling knitwear brands in UAE and Middle East.
We would like to further grow our exports in the existing countries as well as we will be looking to venture in new geographies.'' Dollar has also achieved the status of ''Export House'' in accordance with the provisions of foreign trade policy of Ministry of Commerce and Industry, Government of India.