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Kerala Brand Poppy’s Baby Care has entered the stock market

Kerala Brand Poppy’s Baby Care has entered the stock market
Kerala Brand Poppy’s Baby Care has entered the stock market

Kochi: Poppies Baby Care, a trusted brand of baby wear and other products, has become a listed company in the stock market. The remarkable thing is that the Poppy’s brand entered the market without an IPO. Poppy’s promoters Shaju Thomas and his wife Linta.P.Jose bought shares in Archana Software, a company listed on the Bombay Stock Exchange. Later, Archana Software applied to BSE to change its name and business nature. The new name is Poppy’s Cares Limited.

Poppies has achieved amazing growth in a very short period of time. Its continuation should be seen in the stock market.Shaju Thomas and Linta.P.Jos promoters Poppy’s Babycare Products Pvt Ltd is a company with sales revenue above 100 crores. It is known that efforts are being made to merge this company into a new company. Shaju Thomas has also applied for a share warrant worth Rs 12 crore 80 lakh. Shajuthomas takes the warrant for 51.15 rupees. It had tried to acquire market share through an open offer last July. Since then the market price of Archana software has been soaring. In eight months, the share price with a face value of Rs 10 has crossed 100.

Popeyes is now the fastest growing retail chain of shops in South India. The aim is to raise money through private placement in the new public company across India. The owners of Popeyes Baby Care declined to comment. India’s leading baby care brand First Cry has also applied for public share.


The article is in Malayalam

India

Tags: Kerala Brand Poppys Baby Care entered stock market

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