The way to bring an IPO of the company, Woman Apparel, TCNS Clothing has become clear. Market regulator SEBI has approved IPO clothing to bring Initial Public Offer (IPO) in Indian stock market. The The company is making a clothes for many big brands. These brands include brands such as W, Aurelia and Wishful brands.
TCNS Clothing IPO : Dates – 18-20 July 2018 | Price Band – Rs. 714-716 | IPO Size – 1,125.13 Cr.
Women’s clothing maker TCNS Clothing is going to raise money from the IPO. The responsibility of managing this offer is with Kotak Investment Banking and the City.
The company sells clothing by name brand W., Aurelia and Wishful. The firm had petitioned the market regulator in February and SEBI gave it ‘observation’ on May 4.
Obtaining an IPO for any company is mandatory to get the observation from SEBI. Also, it is necessary to take an observation for the FPO and rights issue. This year, SEBI has so far approved 16 IPO for IPOs.
According to information received from draft papers, the company will offer about 1.57 crore shares through offer-for-sale (OFS). The promoters of the company, Onkar Singh Pasricha and Arvinder Singh Pasricha will sell their shares in the spreading IPO.
47.14 lakh shares have been set for anchor investors. Draft papers said, “The company expects that the listing will improve its brand value and image significantly and its liquidity will increase significantly.”
As of September 30, 2017, TCNS has 418 exclusive brand outlets, 1,305 large format stores and 1,361 multi-brand outlets. The company is active in India with Nepal, Mauritius and Sri Lanka. The company also has online presence.
TCNS Clothing IPO Reviews:
- Good for Short Term & Long Term. It is very good reputed company with famous brand which are selling under their products in India and few countries as well..
TCNS Clothing IPO Details
|Subscription Dates||18 July to 20 July-2018|
|Issue Price Band||INR 714 – 716|
|Minimum bid (lot size)||20 Shares|
|Face Value||INR 2 per share|
|IPO Size||INR1,125.13 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
TCNS Clothing IPO Financial Performance (in INR crore)
TCNS Clothing IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
TCNS Clothing IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: Jul 18, 2018
- Bid/Offer Closes On: Jul 20, 2018
- Basis of Allotment: On or about Jul 25, 2018
- Refunds Status: On or about Jul 26, 2018
- Credit of Equity Shares to demat accounts: On or about Jul 27, 2018
- Listing Date: On or about Jul 30, 2018
TCNS Clothing IPO Prospectus:
- Draft Prospectus
- Red Herring Prospectus
TCNS Clothing IPO Lead Manager(s):
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
TCNS Clothing IPO Promoters:
- Onkar Singh Pasricha
- Arvinder Singh Pasricha
Company Contact Information:
TCNS CLOTHING CO. LIMITED
Unit No. 112, F/F Rectangle 1
D-4, Saket, District Centre,
New Delhi 110 017, India
Phone: +91 11 4057 8384
Fax: +91 11 4079 3114
Karvy Computershare Private Limited
Email: [email protected]