The Lorenzini Apparels IPO date has been confirmed from January 31, 2018 and ended on February 6, 2018.
Using an IPO, Lorenzini Apparels is seeking to raise Rs 4.47 crores. Its price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
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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 is ₹242.55.
IPO Overview
Lorenzini Apparels’ initial public offering (IPO) has a set price of Rs 4.47 crores. Lorenzini Apparels’ initial public offering (IPO) bidding began on January 31, 2018 and completed on February 6, 2018. Lorenzini Apparels’ initial public offering (IPO) allocation was completed on Friday, February 9, 2018. On February 15, 2018, the shares were listed on the BSE SME. Lorenzini Apparels’ initial public offering (IPO) price is ₹10 per share.
An application’s minimum lot size is 10000 Shares. Retail investors must make a minimum commitment of ₹100,000. The company employs 62 people, 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, founded in 2007, is in the business of producing, developing, and distributing readymade clothing. Lorenzini Apparels’ brands include ‘Monteil & Munero,’ ‘Monteil,’ and ‘Calgari.’ They offer a varied range of formal, semi-formal, and casual dress for men and casual wear for women. The company has its own production facility in Delhi. Cutting, stitching, sewing, finishing, inspection, and packing are all part of the production process. Some manufacturing is also outsourced by the company. Lorenzini Apparels sells its products in stores
and online. The company’s products are sold through 18 exclusive stores/oulets in Delhi, Haryana, and Uttar Pradesh. Lorenzini Apparels also has supply agreements with e-commerce platforms such as Myntra, Limeroad, Flipkart, Jabong, Amazon, Paytm, and others. The company also uses a franchise model to sell its products.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | virenr@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Lorenzini Apparels Limited |
| Phone number | 011 40504731 |
| Email ID | cs@mymonteil.com |
| Website | mymonteil.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
