Supreme Imports' Sandy Chadha to float ecigarette business on AIM – The Times

Sandy Chadha is seeking to raise £10m to fund expansion

An entrepreneur who once wagered a Bentley limousine as part of a takeover deal is preparing to float his battery and ecigarette company on the stock market, with a valuation of up to £150m.

Sandy Chadha, 49, has appointed stockbrokers from Berenberg to work on the float of Supreme Imports, a Manchester-based company that imports and sells batteries, light bulbs and products linked to the boom in smoking substitutes.

The company will announce its debut on the junior Alternative Investment Market within the next few weeks. It is seeking to raise about £10m to trim its debts and fund expansion of a manufacturing plant that makes liquids for use in ecigarettes and vaping products.

One insider said Supreme currently makes £8.3m in operating profits from…

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