Gleaming Apparels Ltd. IPO Details
Gleaming Apparels was incorporated on November 25, 2021. The company manufactures and trades textile products and ready-made garments for men, with operations covering yarn procurement, fabric manufacturing and garment production. Its integrated business model enables effective quality control, cost efficiency and faster turnaround times across the value chain
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 2.5 M | - | - | ₹0 | DRHP DOC |
Gleaming Apparels issue details
Gleaming Apparels has 2.5 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Gleaming Apparels IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | BSE |
Gleaming Apparels NUMBER OF SHARES ON OFFER
Gleaming Apparels FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 54.5 | 9.9 | -2.6 | -2.6 | 24.4% |
| FY25 | 45.8 | 4.4 | -0.7 | -1.0 | 14.4% |
| FY24 | 24.6 | 2.9 | 1.5 | 0.9 | 18.9% |
Gleaming Apparels INFORMATION ON IPO ISSUE
About Gleaming Apparels
Gleaming Apparels was incorporated on November 25, 2021. The company manufactures and trades textile products and ready-made garments for men, with operations covering yarn procurement, fabric manufacturing and garment production. Its integrated business model enables effective quality control, cost efficiency and faster turnaround times across the value chain
Object of the Issue
- Funding working capital requirements of the company
- Repayment/prepayment of all or certain of its borrowings availed by the company
- General corporate purposes
Gleaming Apparels - PROMOTERS
| Name |
|---|
| Amit Bansal |
| Ritu Bansal |
Gleaming Apparels - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ritu Bansal | Managing Director & Chairman |
| Amit Bansal | Whole-Time Director & Chief Financial Officer (CFO) |
| Vanita Jindal | Non- Executive Director Non- Independent Director |
| Pankaj Kumar Sinha | Independent Director |
| Manish | Independent Director |
Gleaming Apparels Book Running Lead Manager
GYR Capital Advisors Private Limited
gleamingapparels.ipo@gyrcapitaladvisors.in
Gleaming Apparels Registrar to the Offer
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Gleaming Apparels Strengths
Integrated manufacturing
The company operates an integrated manufacturing facility covering knitting, fabric production, cutting, stitching, finishing and packing, producing garments such as T-shirts, sweatshirts, hoodies and sweaters. Its in-house machinery and production capabilities enable better control over product quality, specifications, resource allocation and timely execution of customer orders
Diversified market presence
The company serves customers across multiple Indian states and international markets, including the USA, South Africa, Panama and Nigeria, reducing dependence on any single region. Exports contributed 28.35% of product sales revenue in FY2026, supported by its integrated manufacturing capabilities and timely order delivery
Strong order book
The company maintains strong domestic and international customer relationships, with an order book valued at Rs 19.85 crore as of September 15, 2026, for knitted fabrics and garments. The order book supports production planning, resource utilisation and timely deliveries while improving near-term revenue visibility and operational stability
Gleaming Apparels Risks
Depend on vendor processing units
The company depends on external processing units for fabric dyeing, exposing it to risks related to processing delays, quality issues, colour mismatches and regulatory non-compliance. Such issues may disrupt subsequent manufacturing activities, increase costs, cause product rejections and delay customer deliveries
Product quality risks
The company’s business depends on maintaining product quality and meeting customer specifications for fabric, design, size, colour and stitching. Any defects or quality inconsistencies may lead to product rejection, rework, replacement claims, increased costs, reputational damage and loss of future orders
Competition
The company faces pricing pressure from competitors in the affordable wholesale clothing market, which may reduce sales revenue, gross margins and profitability. Its efforts to control sourcing and production costs may not fully offset price reductions, potentially affecting its brand value, financial condition and business performance
IPO FAQs
The promoters of the company are Amit Bansal and Ritu Bansal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.