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NSE listing done, Libas founder Riyaz Gangji talks about future plans
Associated with high fashion since its inception in 2004, Libas by Riyaz Gangji has done what no other Indian design house has done before. It has become the first Indian designer label to get listed on the National Stock Exchange (NSE), with an initial public offering of Rs 68 per share. Gangji, Executive Director of Libas, shares why they decided to make the leap, and his vision for the company.
Libas is the only designer house in India to be listed on the NSE and it is already oversubscribed. How does it all feel?
This is the first step, our plans are much bigger. I want to see Libas in every city and at every marriage. We have a product range for the upper-middle class right up to the elites. We are a very widely accepted and sought-after brand.
But the market conditions are extremely volatile.Why did you decide to go public during such uncertain times?
I have never seen a bad marriage season in the Biography examples for students.
Libas is the only designer house in India to be listed on the NSE and it is already oversubscribed. How does it all feel?
This is the first step, our plans are much bigger. I want to see Libas in every city and at every marriage. We have a product range for the upper-middle class right up to the elites. We are a very widely accepted and sought-after brand.
But the market conditions are extremely volatile.Why did you decide to go public during such uncertain times?
I have never seen a bad marriage season in the Biography examples for students.