The company is entering the capital market with a public issue of 9000000 equity shares of Rs 10 each at a premium through 100 percent book building process. The issue would constitute 31.03 per cent of the fully diluted post issue paid capital SPL Industries Ltd. The company has already filed the Red Herring Prospectus with SEBI for this IPO. The Book Running Lead Manager for the issue is Karvy investor Services Ltd and Co-Book Running Lead Manager is UTI Securities Ltd.

At present GAP contributes 35% of the Total Sales, and is SPLIL's client since SPLIL’s inception in 1995.

SPLIL plans to invest Rs 70 crore to expand its fabric and garmenting capacity. Also, the company is adding up a yarn dyeing, home textile and a woven garment division. The proposed expansion will be funded through a public issue of Rs 60 crore and a term loan of Rs 10 crore. Of this, Rs 41.83 crore would be towards Capital Expenditure and the balance for meeting the Working Capital requirements. The company has already tied up the debt component and has been sanctioned a term loan of Rs 10 crore by IDBI under the TUFs scheme. Also the bank has already disbursed Rs 5 crore thereof. The balance Rs 5 crore, which form part of means of finance for the proposed project, are yet to be disbursed.

Progressively, the company has increased its garment capacity from 50000 pieces in 1994 to 7500000 pieces per month at present. Currently it employees around 4000 employees.

The company’s sales for the year ended March 2005 were Rs 171 crore as against Rs 154 crore in the same period previous year. PBT for the year ended March 2005 was Rs 15.23crore as against 5.30 crore in the same period in the previous year. PAT has increased to Rs 11.86 crore from Rs 4.34 crore for the same period.

Out of Rs15.23 crore of the PBT for the year ended March 2005,approximately Rs 10 was generated upto Dec 2004, and the balance (Rs 5 crore approx.) from the period January 2005-March 2005 i.e. after the post-quota regime