The TCNS Clothing Ltd IPO date has been confirmed from July 18, 2018 and ended on July 20, 2018. Read the post to learn about TCNS Clothing Ltd IPO GMP.
The TCNS Clothing Ltd IPO is a fixed-price issuance worth Rs 1,125.13 crore. The price range is ₹714-716 per share. The minimum lot size for an application is 20 shares. The minimum investment for retail investors is ₹14,320.
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Key Details Of TCNS Clothing Ltd IPO:
Bidding Dates
July 18-20
Price Range
₹714 to ₹716 per share
Face Value
₹2 per share
GMP
₹416.10
TCNS Clothing Ltd IPO GMP
The TCNS Clothing IPO GMP Today is ₹416.10.
TCNS Clothing Ltd IPO Overview
The Rs 1,125.13 crore TCNS Clothing IPO is a book-built offering. The entire purpose of the issuance is to sell 1.57 crore shares. The IPO bidding for TCNS Clothing began on July 18, 2018, and it concluded on July 20, 2018. The TCNS Clothing IPO allotment was completed on Wednesday, July 25, 2018. On July 30, 2018, the shares were listed on the BSE and NSE. The IPO price range for TCNS Clothing is ₹714 to ₹716 per share. An application must have a minimum lot size of 20 shares. Retail investors are required to invest a minimum of ₹14,320.
TCNS offers top-wear, bottom-wear, drapes, combo-sets and accessories etc., catering to the varied wardrobe requirements of Indian women. Company’s brand portfolio includes 3 brands:
- ‘W’ – A premiere brand targeted at women’s casual and workwear requirements. ‘W’ has been recognized as Most Admired Fashion Brand in category ‘Women’s Indian Wear’ by India Fashion Forum for 3 consecutive years between 2015 to 2017.
- Aurelia – A contemporary ethnic wear brand that grew in revenue at a CAGR of 70.82% during 2013-17.
- Wishful – A premium occasion wears brand that grew in revenue at a CAGR of 66.66% during 2013-17.
TCNS has established a diversified retail presence through multiple distribution channels spread across 31 states and Union Territories. The company sells its products through:
- 465 exclusive brand outlets
- 1,469 large format store outlets
- 1,522 multi-brand outlets
- 6 exclusive outlets in Nepal, Mauritius, and Sri Lanka
It also sells its products through its website and other online retailers.
The company’s total revenue for Fiscal 2018 was Rs 8,491.57 million. It grew at 31.89% CAGR between Fiscals 2016 and 2018. The comprehensive income and EBITDA was Rs 977.67 million and Rs 1,837.18 million, respectively, for Fiscal 2018.
TCNS Clothing Ltd IPO Details
| IPO Date | July 18, 2018 to July 20, 2018 |
| Listing Date | July 30, 2018 |
| Face Value | ₹2 per share |
| Price Band | ₹714 to ₹716 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 15,714,038 shares (aggregating up to ₹1,125.13 Cr) |
| Offer for Sale | 15,714,038 shares of ₹2 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
TCNS Clothing Ltd IPO Company Financials
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 (Proforma) | ||||
| Total Assets | 5,763.59 | 4,258.04 | 3,087.843 | |||
| Total Revenue | 8,491.57 | 7,129.73 | 4,881.35 | |||
| Profit After Tax | 980.97 | 157.97 | (414.96) | |||
TCNS Clothing Ltd IPO Timeline
| IPO Open Date | Wednesday, July 18, 2018 |
| IPO Close Date | Friday, July 20, 2018 |
| Basis of Allotment | Wednesday, July 25, 2018 |
| Initiation of Refunds | Thursday, July 26, 2018 |
| Credit of Shares to Demat | Friday, July 27, 2018 |
| Listing Date | Monday, July 30, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 20, 2018 |
Company Profile
TCNS Clothing Ltd, a Delhi-based firm, was founded in 1997 and is primarily involved in the design, production, marketing, and retailing of branded women’s clothing. In terms of the overall number of exclusive brand outlets, Technopak claims to be India’s top women’s branded apparel firm as of November 2017. TCNS employs 3,086 people total, of which 2,887 work in retail and 37 are part of the design team. Additionally, 301 employees of the organisation are engaged under contract.
Strengths of the Company are:
- Strong brands give it a lead in the spacious organized market.
- Pan India multi-channel distribution network gives it access to underpenetrated markets.
- Rich product portfolio with a wide range of design and fits to cater to the changing trends in customers buying behavior.
- Institutionalized and creative product design process allows it to quickly launch new products and refresh its product offerings according to changing preferences of customers.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | TCNS Clothing Co. Limited |
| Phone number | +91 11 4057 8384 |
| Email ID | [email protected] |
| Website | wforwoman.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
- 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.
TCNS Clothing Ltd IPO FAQs
When TCNS Clothing IPO will open?
The TCNS Clothing IPO opens on July 18, 2018 and closes on July 20, 2018.
What is the lot size of TCNS Clothing IPO?
TCNS Clothing IPO lot size is 20 Shares, and the minimum amount required is ₹14,320.
When is TCNS Clothing IPO allotment?
The finalization of Basis of Allotment for TCNS Clothing IPO will be done on Wednesday, July 25, 2018, and the allotted shares will be credited to your demat account by Friday, July 27, 2018.
When is TCNS Clothing IPO listing date?
The TCNS Clothing IPO listing date is on July 30, 2018.
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