Rana Polycot has decided to enter in to the capital market through an IPO of about Rs 30 crore. The company has plans to set up a yarn dyeing unit of approximately 5 MT per day and to increase the capacity of its garments and spinning divisions with a capital outlay of Rs 70 crores. Rana polycot would fund the projects through the proposed IPO, debt and internal accruals.
The proposed first phase of expansion - the yarn dyeing unit will be operational by November 2006
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| while the garmenting capacity, from 1500 pieces to 4000 pieces per day, will be completed by July 2006. Also, its spinning division capacity will increase from 35,000 spindles to 50,000 spindles by July 2006. After the completion of the expansion the EOU would export dyed yarn to its customers in South Korea, China, Hong Kong, Singapore, Indonesia, Turkey and Europe.
The company has plan for a weaving unit with 106 automatic looms for suiting and shirting, with an investment of Rs 100 crores in the second phase of expansion along with a 20 MW power plant. 
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