TCNS Clothing Co. Limited IPO

Add to Calendar 2018-07-18 12:00 AM 2018-07-20 12:00 AM Asia/Kolkata TCNS Clothing Co. Limited IPO TCNS Clothing Co. Limited India

TCNS Clothing Co. Limited was incorporated as ‘TCNS Clothing Co. Private Limited’ under Companies Act 1956, in the year 1997, at New Delhi. It is India’s leading women’s branded apparel company which has diversified exclusive brand outlet under its hats. Its product portfolio comprises top-wear, bottom-wear, drapes, combination-sets and accessories namely.

Date of Establishment: TCNS Clothing Co. Limited was established as a private limited company ‘TCNS Clothing Co. Private Limited’ at New Delhi on 3rd of December 1997 through a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana under Companies Act 1956. The company was converted as a public limited company ‘TCNS Clothing Co. Limited’ under Companies Act 1956 by Registrar of Companies on 19th of January 2018 with the special resolution passed by its shareholders.

Promoters of TCNS Clothing Co. Limited: Mr Onkar Singh Pasricha and Mr Arvinder Singh Pasricha are the promoters of TCNS Clothing Co. Limited.

Products and Services Offering: Basically TCNS Clothing Co. Limited carters wide variety of the wardrobe requirement of an Indian woman under its brand which includes ‘W’, ‘Aurelia’ and ‘Wishful’ which provides everyday wear, casual wear, work wear and occasional wear among others. Its product portfolio fulfils the demand of the consumer via its portfolio, that includes top-wear, bottom-wear, combination-sets and accessories among several other categories. As it carters apparel requirements of modern Indian women.

Consumer Segment: TCNS Clothing Co. Limited has a retail diversified consumer segment, which is spread across 418 exclusive brand outlets, 1305 large format stores, outlets and 1361 multi-brand outlets which are spread across India. Apart from that Company is also spreading its global existence by developing exclusive brand outlets that are currently located in Nepal, Mauritius and Sri Lanka. This company is also actively present in e-commerce trading through its own website and via online retailers.

Objects of TCNS Clothing Co. Limited IPO: The objectives of TCNS Clothing Co. Limited IPO are:

- Offer for Sale upto 15,714,038 Equity Shares by its existing Shareholders.

- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

- Listing of the Equity Shares will enhance its visibility and brand image. 

Note: The Company will not receive any proceeds from the offer for sale

           all the proceeds will go to the existing selling shareholders.

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

3,087.84

Total Revenue

8,491.57

7,129.73

4,881.35

Profit After Tax

980.97

157.97

-414.96

Issue Detail

  • Issue Open: Jul 18, 2018
  • Issue Close: Jul 20, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 2 Per Equity Share
  • Price Band: Rs 714 - Rs 716 Per Equity Share
  • Bid Lot:20 Shares
  • Minimum Order Quantity:20 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 1,125.13 Cr.

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 3,142,808 2,357,106 5,499,914 - - 10,999,828
Day 1 - Jul 18, 2018IST 903640 17320 154920 - - 1075880
Day 2 - Jul 19, 2018IST 21997700 205060 405980 - - 22608740
Day 3 - Jul 20, 2018IST 42327060 11963760 3147580 - - 57438400

Listing Day Trading Information

- BSE NSE
Issue Price 716.00 716.00
Open 715.00 716.00
Low 626.60 627.55
High 724.50 725.00
Last Trade 657.80 659.15
Volume 1,330,610 11,496,820

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Frequently Asked Questions

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