Barcelona, one of the largest and fastest growing clothing brands in India, an initiative of Stitched Textiles Private Limited, Barcelona recently officially announced that the company is ready to launch its IPO. Therefore, Stitched Textiles Private Limited recently filed an Initial Public Offering Resolution with the Registrar Of Companies, Ahmedabad, Gujarat. So far there is no official confirmation as to the exact date for the start of subscriptions for the IPO, but it will be announced soon.
Jaimin Gupta, Managing Director (MD) of Stitched Textiles Private Limited, spoke about this new IPO application: “This IPO represents a major step forward in Barcelona’s mission to democratize clothing retail. The Company is advancing IPO formalities with a goal of filing DRHP in June 2022. We are very pleased to be able to offer investors the opportunity to invest in our company through this step and are very pleased to be able to offer the IPO to all interested market participants.”
Barcelona is India’s largest and fastest growing branded clothing brand and a premium lifestyle player in the menswear retail sector. They have successfully carved a niche in the apparel segment by producing garments that feature one of the most desirable quality fabrics alongside their high sustainability standards. The brand was founded in 2015 with more than 10 stores in the initial phase and has successfully expanded to 2-3 cities through franchise routes. Currently, Barcelona has almost 90+ stores and is one of the most famous brands known for PAN India level menswear.
Currently, Barcelona has an extensive presence with 92 Exclusive Branded Stores (EBOs) spread across more than 50 cities and towns in India. In addition, they are also present in more than 6000 multi-brand outlets across Pan India, covering a large number of cities and states. Barcelona’s product range in men’s clothing is extensive, such as shirts, pants, t-shirts, denims, suits, blazers, swim trunks, vests, boxers, tracksuits and other miscellaneous products. The brand firmly believes in offering high-end fashion products to its customers at a very affordable and cheap price.
For more information visit – www.barcelonaclub.in
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