Blue River Capital plus partners Brandot Investments and Argonaut Private Equity have made a landmark investment of INR105 crore into Coimbatore-based KPR Mill, an INR450 crore textile and apparel firm, press reports said.

KPR's promoters, along with its new investors, are said to now be making plans for the firm's IPO.

The company is also aiming to double its present 1,10,000 spindles and to set up a new apparel business in Coimbatore.

Managing director P Nataraj was citing as saying KPR eyes INR1,000crore growth in the next two years.
 
KPR's operations include spinning, knitting and garment making facilities.