Latest news with #MaujiTripLtd
Time of India
23-05-2025
- Business
- Time of India
SBC Exports plans to launch IPO of travel arm Mauji Trip in 2025-26
Garments manufacturer and exporter SBC Exports said it plans to launch the initial public offering of its travel and tour subsidiary Mauji Trip in the current financial year. The company's board has approved the proposal to launch the IPO of the wholly-owned travel arm in FY2025-26, the company said in a statement. Details and terms of the initial share sale and issue size will be announced in the due course subject to necessary approvals, it added. This strategic initiative is aimed at unlocking value for the shareholders, strengthening the capital base of Mauji Trip Ltd and supporting its future growth plans, the company said. Mauji Trip operates in the travel and tourism segment. SBC Exports has reported a consolidated revenue from operations of Rs 300.04 crore for 2024-25, a growth of 43.28 per cent over Rs 209.40 crore in the previous year. Live Events The company's net profit jumped by 41.52 per cent to Rs 13.36 crore in FY25, compared to Rs 9.44 crore in the previous year. SBC Exports recently entered into a partnership with Amazon India for the listing and sale of its apparel products on the Amazon online platform. It is actively engaged in discussions with other major online retail platforms such as Flipkart, Myntra, and Meesho to explore additional opportunities for listing its complete portfolio of apparel products, it added.
Mint
22-05-2025
- Business
- Mint
Small-cap stock below ₹20: SBC Exports board approves IPO launch of subsidiary company
Small-cap stock below ₹ 20: SBC Exports announced that the board has approved, on May 21, the launch of initial public offering (IPO) of its subsidiary company Mauji Trip Ltd in the current financial year 2025-26. The company further informed that the details and terms of issue, size details will be revealed later, on the subject to approval. 'This strategic initiative is aimed at unlocking value for the shareholders, strengthening the capital base of Mauji Trip Limited, and supporting its future growth plans,' the company said in a release on May 21. Mauji Trip Limited operates in the travel and tourism segment, and the proposed IPO is expected to significantly enhance its brand visibility and provide the financial momentum needed to scale its operations. The company will begin the process of evaluating and initiating the necessary steps for a proposed public issue of the company during the current financial year. This proposal is subject to the receipt of all applicable regulatory approvals and compliance with relevant laws and regulations. Board of directors also approved company's Q4 and FY 2024-25 results. For the full year ended March 31, 2025, company earned a consolidated revenue from operations of ₹ 300.04 crore, which is approximately 43.28% higher than ₹ 209.40 crore earned in the previous year. The company had earned a net profit of ₹ 13.36 crore after tax, which is 41.52% higher than ₹ 9.44 crore earned in the previous year. The board also approved re-appointment of Govind Gupta as Managing Director for another term of five years, subject to shareholder approval in the ensuing Annual General Meeting. For Q4 of FY 2024-25 ended March 2025, company achieved a revenue of ₹ 96.29 crore, which is approximately 38.82% higher than ₹ 69.36 crore earned in the same period last year. Net profit of the company during Q4FY25 was reported at ₹ 4.01 crore, which is 21.07% higher than ₹ 3.31 crore earned in the same period last year.
