Particle.news
Download on the App Store
4 ARTICLES
·
last wk.

SBC Exports Approves IPO for Travel Arm Mauji Trip in FY2025-26

The IPO aims to unlock shareholder value, strengthen Mauji Trip's capital base, and support its growth, with regulatory approvals pending.

Image
Image

Overview

  • SBC Exports' board has approved the IPO of its wholly-owned travel subsidiary, Mauji Trip Ltd, slated for FY2025-26.
  • Details regarding the issue size and terms will be announced after securing necessary regulatory clearances.
  • The IPO is designed to enhance shareholder value, bolster Mauji Trip's capital base, and fuel its expansion in the travel and tourism sector.
  • SBC Exports reported strong FY2024-25 financial results, with a 43.28% revenue increase to Rs 300.04 crore and a 41.52% profit jump to Rs 13.36 crore.
  • The company has recently partnered with Amazon India for apparel sales and is in discussions with Flipkart, Myntra, and Meesho to expand its digital retail presence.