Rs 50 crore order book: Textile penny stock under Rs 2 hit upper circuit after receiving an order worth Rs 17,80,50,000 from AL Rahmat Textiles L.L.C.

On Friday, shares of Garment Mantra Lifestyle Ltd hit a 5 per cent upper circuit to Rs 1.59 per share from its previous closing of Rs 1.52 per share. The company has a market cap of Rs 93 crore. The stock is up over 50 per cent from its 52-week low of Rs 1.05 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE.

Garment Mantra Lifestyle Ltd. has secured a new international export order from AL Rahmat Textiles L.L.C. Imports & Exports. The contract is for the supply of dyed and printed fabrics and made-up dress material, valued at approximately Rs 17,80,50,000 or USD 20,20,125. The company is required to execute this order by December 31, 2025, marking a significant addition to its current business pipeline from an international entity.

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In addition to this new order, the company's business performance remains strong in the current financial year, with shipments worth around Rs 30 crore already executed since April 1, 2025. These shipments were delivered to a diverse range of customers, reflecting robust market reach and consistent product demand. The company's future outlook is also promising, with a healthy unexecuted order book of approximately Rs 50 crore, which is scheduled for completion on or before March 31, 2026. This robust order pipeline highlights sustained customer confidence in the company's capabilities and product quality.

About the Company

Garment Mantra is a company focused on fulfilling the fashion and lifestyle aspirations of the mass Indian population. The promoters of the company have extensive experience in the textile industry for over 3 decades. Garment Mantra has 3 business divisions. Firstly, Garment Mantra is engaged in the business of garment manufacturing and selling both knitted fabrics as well as knitted garments.

The shares of the company an ex-trade ratio of 39:20 rights issue (with an ex-date of April 17, 2025), saw an overwhelming response, with 47,34,45,003 equity shares subscribed against an issue size of 39,14,97,795 equity shares. This strong oversubscription reflects significant investor confidence and support in the company's vision and future growth. Before the rights issue, the shares of the company had ex-traded bonus shares in a 1:1 ratio (Ex-date was September 03, 2024).

Disclaimer: The article is for informational purposes only and not investment advice.