Bulgaria’s Fashion Supply is a full-service fashion design studio for established companies, offering a complete range of services for the entire end-to-end design process of seasonal apparel collections for ladies, girls and men.
Bulgarian clothing-oriented company Fashion Supply aims to grow its net sales by 22% to 11 million levs in 2023. The targeted IPO proceeds of 4.23 million levs. They claimed that it would be used to flourish and develop the infrastructure.
The IPO, launched on July 13, will be considered fruitful if the company places 5000,000 fresh and freely transferable shares of 1 lev in par value each, said Fashion Supply in a statement last week.
The offering, priced at 6.50 levs, is up for 651,000 new shares. With that, the secondary trading in shares is expected to start a month post the closing of IPO. The Fashion Supply saw a hike until the end of 2019 but faced a drop in revenue in the covid times. However, it managed to cope with the tough times.
MK Brokers will act as the investment manager of the offering.
Fashion Supply will list on the Bulgarian Enterprise Accelerator Market (BEAM) of the Bulgarian Stock Exchange (BSE).
With the continuously growing economy and the millions of customers to satisfy, it can usually be a challenge to remain on top of the latest trends. By utilizing the expertise of the development of their garment teams and the fastness of their sourcing access, they aim to turn various ideas into businesses.
According to sources, the company aims to turn your visions into product development concepts and dedication to providing innovative products to support and grow your business through our proven experience.
In a nutshell, the company aims at rapid growth by offering its shares and other ways to smoothen the company’s development and hike its sales.