TCNS Clothing Company Limited: The IPO of the company will list soon on both of the exchange i.e.the National Stock Exchange and Bombay Stock Exchange soon. The IPO will list as on July 18, 2018 with a price band of Rs. 714 – Rs. 716 per equity share. An interested investors can know all the relevant information like Price Band and Dates, Company Profile, Allotment Status, Listing Dates and others.
The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The lot size for applying the IPO is for 20 shares.
One can apply for this IPO through ASBAi.e. Application supported by Blocked amount only. The retail segment can apply maximum application amount of Rs. 2 lacs of the issue.
Company profile:-
The Company was Incorporated on December 3, 1997 at New Delhi, India. It is one of the famous women’s branded apparel company. The firm designs, manufactures and retails a big portfolio of women’s branded apparel across multiple brands. It offers its products through multiple distribution channels. It owns 465 exclusive brand outlets, 1,469 large format store outlets and 1,522 multi-brand outlets which is located in 31 states and union territories in India. In overseas markets, it covers to sell its products majorly in Nepal, Mauritius and Sri Lanka. Website and online retailers are the main sources to sell its products in the market. Top-wear, bottom-wear, drapes, combination-sets and accessories are the product portfolio of the firm.
The company owns three brands for its brand portfolio products:-
- W is a premium fusion wear brand which includes modern Indian woman’s work and casual wear requirements.
- Aurelia is a brand for contemporary ethnic wear.
- Wishful is a premium occasion wear brand which includes evening wear and occasions such as weddings, events and festivals.
Outlook of the Firm:-
- A famous brand in the women’s apparel industry in India;
- One of the leading women’s apparel Company in India;
- Innovative and institutionalized product design process;
- Strong distribution network with variety of retail channels;
- Maintain strong relationship with suppliers and job workers;
- Exclusive business model;
- Experienced management and working teams.
Objects Of The Issue:-
The objects of the issue are mentioned below:-
- To get the advantage of listing the Equity Shares on the Stock Exchanges;
- To enhance the brand image of the firm.
Summary Of Issue:
| Issue Open:- | July 18, 2018 – July 20, 2018 |
| Issue Type | Book Built Issue IPO |
| Issue Size (Shares) | Rs.15,714,038 Equity Shares of Rs. 2 aggregating Up to |
| Issue Size in (Value) | Rs 1125.13 Cr |
| Face Value | Rs. 2 Per Equity Share |
| Issue Price | Rs.714 – Rs.716 Per Equity Share |
| Market lots | 20 Shares |
| Minimum Order Quantity | 20 Shares |
| Listing At | BSE,NSE |
TCNS Clothing Company Limited IPO Asset Allocation
| Category | Shares Offered |
| QIB | 50% of the Net offer (up to 7,857,018 Equity Shares) (Rs.560.99 Cr – 562.56 Cr) |
| NII | 15% of the Net offer (up to 2,357,106 Equity Shares) (Rs.168.30 Cr – 168.77 Cr) |
| Retail | 35% of the Net offer (up to 5,499,914 Equity Shares) (Rs.392.69 Cr – 393.79 Cr) |
TCNS Clothing IPO Subscription Details
| Sr.No. | Category | No. of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 3142808 | 42327060 | 13.47 |
| 2 | Non Institutional Investors (NIIs) | 2357106 | 11963760 | 5.08 |
| 3 | Retail Individual Investors (RIIs) | 5499914 | 3688960 | 0.67 |
| Total | 10999828 | 57979780 | 5.27 |
updated as on 20th July 2018 at 05:00 pm
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Important dates for TCNS Clothing IPO Allotment Status
TCNS Clothing Company Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
- The Allotment date for TCNS Clothing IPO issue is expected on July 25, 2018.
- The amount will get unblocked on July 26, 2018.
- The Shares are expected to credit in DP accounts on July 27, 2018.
- The Shares of TCNS Clothing Company Limited is likely to get listed on July 30, 2018. on both BSE and NSE.
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How to check TCNS Clothing IPO Allotment Status
TCNS Clothing Company Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- To Check Your IPO Allotment Status
- Go to Application Status
- Select IPO as TCNS Clothing Company Limited IPO.
- Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Download “TCNS Clothing Company Limited ” IPO Application Form
From BSE: click here
From NSE: click here
Open Your Demat Account to Invest in Upcoming IPO’s
Promoters Of the Company:-
Onkar Singh Pasricha and Arvinder Singh Pasricha
Financials:- (Consolidated)
| Particulars | For the year/Period ended (Rs. in Million) | ||
| Financial Year | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Equity & Liabilities | 5763.59 | 4258.04 | 3087.84 |
| Total Revenue | 8491.57 | 7129.73 | 4881.35 |
| Total Expenses | 7043.29 | 6506.12 | 5017.73 |
| Profit After Tax (PAT) | 980.97 | 157.97 | (414.96) |
Book Running Lead Managers Details:-
1) Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27 “G” Block,
Bandra Kurla Complex Bandra (East),
Mumbai 400 051, Maharashtra, India
Tel: +91 22 4336 0000
Fax: + 91 22 6713 2447
E-mail: tcns.ipo@kotak.com
Investor grievance E-mail: kmccredressal@kotak.com
Website: www.investmentbank.kotak.com
Contact Person: Ganesh Rane
SEBI Registration No.: INM000008704
2) Citigroup Global Markets India Private Limited
1202, 12th Floor, First International Financial Center
G-Block C54 & 55, Bandra Kurla Complex, Bandra (East)
Mumbai 400 098, Maharashtra, India
Tel: +91 22 6175 9999
Fax: +91 22 6175 9898
E-mail: tcns.ipo@citi.com
Investor Grievance E-mail: investors.cgmib@citi.com
Website: www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm
Contact Person: Sreeja Vasantham
SEBI Registration No.: INM000010718
Registrar to the offer:-
Karvy Computershare Private Limited
Karvy Selenium Tower B Plot 31-32,
Gachibowli Financial District Nanakramguda,
Hyderabad 500 032 Telangana, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
E-mail: einward.ris@karvy.com
Investor Grievance E-mail: tcns.ipo@karvy.com
Website: www.karisma.karvy.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221
Registered Office Details:-
Unit No. 112, F/F Rectangle 1,
D-4, Saket, District Centre,
New Delhi 110 017, India
Tel: +91 11 4057 8384
Fax: +91 11 4079 3114
Corporate Office: W-House, 119, Neelagagan Towers,
Mandi Road, Sultanpur, Mehrauli,
New Delhi 110 030, India
Tel: +91 11 4219 3193
Fax: +91 11 4219 3194
Contact Person: Piyush Asija,
Company Secretary and Compliance Officer Tel: +91 11 4219 3193
Fax: +91 11 4219 3194
E-mail: investors@tcnsclothing.com
Website: www.wforwoman.com
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