The Lorenzini Apparels IPO date has been confirmed from January 31, 2018 and ended on February 6, 2018. Read the post to learn about Lorenzini Apparels IPO GMP.
Lorenzini Apparels IPO plans to generate Rs 4.47 crores through an initial public offering. The price is ₹10 per share. The minimum lot size required for an application is 10,000 shares. Retail investors are obliged to invest a minimum of ₹100,000.
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Key Details Of Lorenzini Apparels IPO
Bidding Dates
Jan 31-Feb 6
Price Range
₹10 per share
Face Value
₹10 per share
GMP
₹242.55
Lorenzini Apparels IPO GMP
The Lorenzini Apparels Limited IPO GMP Today is ₹242.55.
Lorenzini Apparels IPO Overview
Lorenzini Apparels’ initial public offering (IPO) has a price of Rs 4.47 crores. The IPO bidding began on January 31, 2018, and ended on February 6, 2018.Lorenzini Apparels’ IPO allocation was completed on Friday, February 9, 2018. On February 15, 2018, the shares were added to the BSE SME. The Lorenzini Apparels IPO price is ₹10 per share.
The minimum lot size for an application is 10,000 shares. Lorenzini Apparels Limited’s IPO GMP today is ₹242.55. Retail investors must commit a minimum of ₹100,000. The firm has 62 employees, including two managers, ten skilled workers, forty semi-skilled workers, and twelve unskilled workers.
Lorenzini Apparels IPO Details
| IPO Date | January 31, 2018 to February 6, 2018 |
| Listing Date | February 15, 2018 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 4,470,000 shares (aggregating up to ₹4.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 230,000 shares |
Lorenzini Apparels Company Financials
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 139.51 | 51.31 | 55.68 | 41.69 | 64.19 | |
| Total Revenue | 164.49 | 121.08 | 141.64 | 115.97 | 131.61 | |
| Profit After Tax | 1.48 | -0.30 | 0.55 | 1.19 | -0.47 | |
Lorenzini Apparels IPO Timeline
| IPO Open Date | Wednesday, January 31, 2018 |
| IPO Close Date | Tuesday, February 6, 2018 |
| Basis of Allotment | Friday, February 9, 2018 |
| Initiation of Refunds | Monday, February 12, 2018 |
| Credit of Shares to Demat | Wednesday, February 14, 2018 |
| Listing Date | Thursday, February 15, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 6, 2018 |
Company Profile
Lorenzini Apparels Limited, created in 2007, produces, develops, and distributes ready-made apparel. Lorenzini Apparels’ brands include ‘Monteil & Munero,’ ‘Monteil,’ and ‘Calgari.’ They provide a diverse selection of formal, semi-formal, and casual attire for men, as well as casual clothes for ladies. The firm has its own manufacturing facilities in Delhi. Cutting, stitching, sewing, finishing, inspection, and packing are all steps in the production process. The corporation also outsources some of its production. Lorenzini Apparels distributes their wares in retailers
and online. The company’s products are sold at 18 exclusive stores/oulets in Delhi, Haryana, and Uttar Pradesh. Lorenzini Apparels has supply agreements with e-commerce platforms such as Myntra, Limeroad, Flipkart, Jabong, Amazon, Paytm, and others. The firm also sells its items through a franchise model.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Lorenzini Apparels Limited |
| Phone number | 011 40504731 |
| Email ID | [email protected] |
| Website | mymonteil.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Customers from the United States are heavily relied on.
- To achieve compliance, these countries need strict adherence to many rules and regulations.
- Competition from other players in the market.
Lorenzini Apparels IPO FAQs
When Lorenzini Apparels IPO will open?
The Lorenzini Apparels IPO opens on January 31, 2018 and closes on February 6, 2018.
What is the lot size of Lorenzini Apparels IPO?
Lorenzini Apparels IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
When is Lorenzini Apparels IPO listing date?
The Lorenzini Apparels IPO listing date is on February 15, 2018.
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