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Lorenzini Apparels Limited IPO (Lorenzini Apparels IPO) Detail

Jan 31, 2018 - Feb 6, 2018

Incorporated in 2007, Lorenzini Apparels Limited is engaged into the business of manufacturing, designing and marketing of readymade garments. Lorenzini Apparels offers diverse range of formal, semi-formal and casual wear for men and casual wear for women under the brand name 'Monteil & Munero', 'Monteil' and 'Calgari'.
Company has its own manufacturing setup at Delhi. The manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. Company also outsources some of the manufacturing.

Lorenzini Apparels sells its products through retail shops and online. Company sells its products through 18 exclusive stores/oulets located in Delhi, Haryana and Uttar Pradesh.

Lorenzini Apparels also have supply agreement with some of the e-commerce platform including Myntra, Limeroad, Flipkart, Jabong, Amazon, paytm etc. Company also have franchise model to sell products.

Company has 62 employees including 2 management personnel, 10 Skilled, 40 semi skilled and 12 unskilled employees.

Company Promoters:

Sandeep Jain and Deepika Jain are the promoters of the company.

Sandeep Jain, aged 35 years, is the Managing Director of the Company. He has around 10 years of experience in the ready-made garments industry. He is responsible for developing business strategies and instrumental in formulating strategic growth.

Deepika Jain, aged 36 years, is the Whole-time Director of the Company.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

The objects of the Issue are:
1. Funding of working capital requirements of the Company
2. Issue Expenses

Issue Detail:

  »»  Issue Open: Jan 31, 2018 - Feb 6, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 4,470,000 Equity Shares of Rs 10 aggregating up to Rs 4.47 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 10 Per Equity Share
  »»  Market Lot: 10000 Shares
  »»  Minimum Order Quantity: 10000 Shares
  »»  Listing At: BSE SME

Lorenzini Apparels IPO Reviews / Recommendations:

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Lorenzini Apparels IPO Subscription Status / Live Bidding Status

Lorenzini Apparels IPO Subscription Status tells if Lorenzini Apparels IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Lorenzini Apparels IPO oversubscribed if bids are received for more shares than what is offered by the company.

Lorenzini Apparels IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved02,120,0002,120,000230,0004,470,000
Day 1 - Jan 31, 2018 17:00 IST0230,000500,000-730,000
Day 2 - Feb 1, 2018 17:00 IST0510,0001,010,000-1,520,000
Day 3 - Feb 2, 2018 17:00 IST50,0002,500,0001,950,000-4,500,000
Day 4 - Feb 5, 2018 17:00 IST50,0002,660,0002,890,000-5,600,000
Day 5 - Feb 6, 2018 17:00 IST50,0002,970,0004,250,000-7,270,000

Lorenzini Apparels IPO Prospectus

Lorenzini Apparels IPO Rating

205
4.0
Rating:Rated 4.0 stars

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Lorenzini Apparels IPO Listing Date

  •   ›  Listing Date: Thursday, February 15, 2018
  •   ›  BSE Script Code: 540952
  •   ›  NSE Symbol:
  •   ›  Listing In: M
  •   ›  ISIN: INE740X01015
  •   ›  Issue Price: Rs 10 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 10.00
Rs 10.20
Rs 8.25
Rs 10.20
Rs 9.25
370,000

Lorenzini Apparels IPO News Alerts

  1. Thursday, February 15, 2018 12:00:00 AM
    Lorenzini Apparels IPO Listing Date & Info
  2. Tuesday, February 6, 2018 12:00:00 AM
    Lorenzini Apparels IPO Closes on Feb 6, 2018
  3. Wednesday, January 31, 2018 12:00:00 AM
    Lorenzini Apparels IPO Opens on Jan 31, 2018

Company Contact Information

Lorenzini Apparels Limited
TA 168 & 187 Ground Floor,
Street No. 2, Tuglakabad Extn,
New Delhi 110019
Phone: 011 40504731
Fax:
Email: cs@mymonteil.com
Website: http://www.mymonteil.com/

Lorenzini Apparels IPO Registrar

Skyline Financial Services Private Ltd   »  Report
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 – 11 – 2681
Fax: +91 – 11 – 30857562
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Lorenzini Apparels IPO Lead Manager(s)

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Lorenzini Apparels IPO Review / Comments

avatar
68. anurag vijayvergiya  Apr 3, 2018 1:15:44 PM IST I Like It. | Report Abuse
How do u know sir that the stock price will go up in April 2018 ..it's already been started and stock price still at same rate
avatar
67. Nagaraj SV  Mar 13, 2018 9:28:37 AM IST I Like It. | Report Abuse
HI All,

Please don''t sell Lorenzini as it''s price is going to increase to 40-48 in coming month (April 2018) after this Financial Year end.
avatar
66. Manoj John  Feb 23, 2018 7:31:10 PM IST I Like It. | Report Abuse
Hi
what is happening with this stock? Is it traded everyday?
avatar
65. surprit  Feb 15, 2018 4:02:22 PM IST I Like It. | Report Abuse
Don''t sell it will give handsome returns, wait for a month at least. Just like kp energy which is nearly 4 times it''s issue price
avatar
65.1. Nagaraj SV  Feb 20, 2018 5:23:47 PM IST I Like It. | Report Abuse
Hi All,

Please don''t sell the Lorenzini shares & it will raise up to 40-42 within couple of months as market is getting recovery. And also company has very good flow from upcoming budget. So definitely it will give very good return.
avatar
64. Nilesh Parekh  Feb 15, 2018 8:51:58 AM IST I Like It. | Report Abuse
Listed at discount quoting at around Rs..8
avatar
63. Avanish swami  Feb 14, 2018 4:49:30 PM IST I Like It. | Report Abuse
Tomorrow listing please tell me listing price
avatar
62. Nagaraj SV  Feb 12, 2018 2:32:17 PM IST I Like It. | Report Abuse
Hi All,

Has anyone got the allotment of this IPO?? What will be the listing price of this?
avatar
62.1. SDP  Feb 14, 2018 1:05:35 PM IST I Like It. | Report Abuse
I got 50 %, 10000 shares, applied for 20000. I am also hoping to get listing gain. When is listing
avatar
61. Chem cho  Feb 5, 2018 9:52:13 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 1200+ Likes)
AVOID
avatar
60. Syed Naqvi  Feb 5, 2018 7:01:52 PM IST I Like It. | Report Abuse
pls share the current subscription status. Thanks
avatar
59. Gainer  Feb 2, 2018 1:16:17 PM IST I Like It. | Report Abuse
Avoid/Buy?
avatar
59.1. DownriteVJ  Feb 5, 2018 4:50:32 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Avoid
avatar
58. harit  Jan 31, 2018 4:53:21 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Apply or avoid??
avatar
58.1. DownriteVJ  Feb 5, 2018 4:50:09 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Avoid
avatar
57. Jon snow  Feb 2, 2018 8:07:49 PM IST I Like It. | Report Abuse
change of opinion after bloodbath today ? apply or avoid ?
avatar
57.1. DownriteVJ  Feb 5, 2018 4:49:59 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Avoid
avatar
56. High Flyer  Jan 26, 2018 2:24:56 PM IST I Like It. 2 | Report Abuse
I started using this site since 2014, initially I gathered a lot of information on IPOs and SMEs...It gives me shock to know that many boarders for Lorenzini posting messages...It looks like they all registered with this site last week I presume....or hired by them to get subscription ???

We should be very careful with this Lead Manager and Market Maker like Guinness Securities...they will wash of their hands on 3rd day or 4th day...this was happened in ANG lifescience ...1st day UC, 2nd UC and 3rd UC and Lower circuit there is no movement of this ANG after that we burned our fingers for 2 lots Rs 1 lac losss.....
avatar
56.3. High Flyer  Feb 4, 2018 2:10:05 PM IST I Like It. | Report Abuse
Would like to to give reply to the Reply from SSKI - I was not primary allotte in ANG Lifescience - 1st day UC @ Rs 96 with vol of 1,96,000 and 2nd UC at Rs 115.20 with volume of 7,48,000 We bot at 3 lots ANG Life at UC at Rs 115.20 and on the same day is 20% lower circuit...reached to issue price - Dear SSKI count your loss it will be around Rs 1,62,000 +
avatar
56.4. SSKI  Feb 5, 2018 8:10:07 AM IST I Like It. | Report Abuse
SME IPO is mainly for HNI client only who can hold long term. For retail investors it''s just for listing gains.Retail investors should not buy in secondary market. If. U get it IPO selkl it on listing and if you have more than one lot keep the other with some stop-loss. The mistake of High Flyer is buying in secondary market.never make that mistake. Just apply IPO and book profit on listing is the SME mantra.
avatar
55. S Patel  Jan 31, 2018 7:30:59 AM IST I Like It. 1 | Report Abuse
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54. SHANI  Jan 29, 2018 4:58:36 PM IST I Like It. | Report Abuse
galaxy ipo close on 31-jan , then 1st feb budget , may if something not good come for market it will crash...listing date 8 feb ..appy or not?
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53. SecTheta  Jan 25, 2018 7:50:16 PM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
This message has been removed by a moderator.
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53.2. SDK  Jan 28, 2018 1:17:45 PM IST I Like It. | Report Abuse
100% agree
avatar
53.3. coolaks  Jan 29, 2018 10:47:31 AM IST I Like It. | Report Abuse
Hi Sectheta whats your view on this sme? seems attractive to me
avatar
52. Neha Bakshi  Jan 27, 2018 5:30:51 PM IST I Like It. 1 | Report Abuse
The Company seems to be diluting almost 44%-45% which is very high on the first place and that too at the face value.
The Lead Manager i.e. Fedex is a new player with not much experience and its first IPO Shree Ganesh Remedies had opened at 17% discount.
Considering the track record of Company and LM...A BIG AVOID!!!
avatar
52.1. Hexadecimal  Jan 27, 2018 11:04:48 PM IST I Like It. | Report Abuse
Shree Ganesh Remedies Ltd. is a fundamentally sound company and in long run, it may give good return in comparison to other contemporary SME Pharma companies. For a value investor, it is a buy at current price and it was a great accumulate at listing day discount price.
avatar
51. IPO Analytics  Jan 27, 2018 11:47:37 AM IST I Like It. | Report Abuse
I think the Market Maker is to provide liquidity in the counter only. It is upto the public to sell at lower or higher levels hence driving the prices. Fundamentals of the company is important and need to be analysed to see if there can be a growth story and what has been the performance and business model of the company.
avatar
50. Corporate IPO  Jan 27, 2018 11:01:11 AM IST I Like It. | Report Abuse
If Merchant Banking assignment already gone to Fedex why they have not filed DRHP again with their name? The DRHP filed here states Guiness. Hence it can be mis-leading to us investors.
avatar
49. High Flyer  Jan 26, 2018 2:27:54 PM IST I Like It. | Report Abuse
It seems Merchant Banking assignment gone from Guinness Securities (3 months back)to Fedex to handle Lorenzini
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