Lorezien apperal limited IPO

Add to Calendar 2018-01-31 12:00 AM 2018-02-06 12:00 AM Asia/Kolkata Lorezien apperal limited IPO Lorenzini Apparels Limited India

Introduction: Lorenzini Apparels Limited is involved in manufacturing, designing and marketing of readymade garments. Company has a total of 62 employees. It has 18 exclusive stores spread across Delhi, Haryana and UP.

Date of Establishment: Company was established as Lorenzini Apparels Private Limited on May 09, 2007.

Product & Service Offering: Company’s basket of products includes  jeans,shirts,jackets,T-shirts,trousers,seatshirts,sweaters,blazers,waistcoats,shorts and capris to name a few. It sells its products under the brand name 'Monteil & Munero', 'Monteil' and 'Calgari'.

Customer Segment: Company reach out to its  customers through both retail and e commerce channels. E commerce customers include Myntra, Limeroad, Flipkart, Jabong, Amazo and Paytm. Company also have franchise model to sell products.

Promoters of Lorenzini Apparels:  Promoters of the company are Sandeep Jain(Managing Director) and Deepika Jain(Whole-time Director).

Objects of the Issue: The gains from the issue will be used for meeting the  day to day cash requirements to run the company and to cater .to the expenses incurred by  the release of the issue.

Company Financials:

Summary of financial Information (Restated Consolidated)

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

 

Issue Detail

  • Issue Open: Jan 31, 2018
  • Issue Close: Feb 06, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 10 Per Equity Share
  • Bid Lot:10000 Shares
  • Minimum Order Quantity:10000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 4.47 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 2,120,000 2,120,000 - 230,000 4,470,000
Day 1 - Jan 31, 2018IST 0 230,000 500,000 - - 730000
Day 2 - Feb 01, 2018IST 0 510,000 1,010,000 - - 1,520,000
Day 3 - Feb 02, 2018IST 50,000 2,500,000 1,950,000 - - 4,500,000
Day 4 - Feb 05, 2018IST 50,000 2,660,000 2,890,000 - - 5,600,000
Day 5 - Feb 06, 2018IST 50,000 2,970,000 4,250,000 - - 7,270,000

Listing Day Trading Information

- BSE NSE
Issue Price Rs 10.00 -
Open Rs 10.20 -
Low Rs 8.25 -
High Rs 10.20 -
Last Trade Rs 9.25 -
Volume 370,000 -

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