Sarup Industries Ltd Share Price

(514412)

Sarup Tanneries was incorporated in 1979 and promoted by Bawa Paramjit Singh. It went public in 1992. The company manufactures leather shoe soles and uppers and supplies them to leading shoe manufacturers in Germany, Italy, England, Denmark, Canada, Singapore, Japan, and Hong Kong.
In 1989, it diversified into the manufacture of shoes and as of now, 85% of its production is exported abroad. Domestically, it is the supplier of shoes, primarily to the popular clothing brand - Park Avenue.
A public issue was launched in June 1994, at a premium rate of Rs. 30 to raise funds for setting up a new tannery unit. This unit will have a capacity of processing 15,000 square feet of leather each day and will enable the company to maintain better quality and delivery of their products.