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.
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.
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||1.48||-0.30||0.55||1.19||-0.47|
The objects of the Issue are:
1. Funding of working capital requirements of the Company
2. Issue Expenses
»» 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 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.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||2,120,000||2,120,000||230,000||4,470,000|
|Day 1 - Jan 31, 2018 17:00 IST||0||230,000||500,000||-||730,000|
|Day 2 - Feb 1, 2018 17:00 IST||0||510,000||1,010,000||-||1,520,000|
|Day 3 - Feb 2, 2018 17:00 IST||50,000||2,500,000||1,950,000||-||4,500,000|
|Day 4 - Feb 5, 2018 17:00 IST||50,000||2,660,000||2,890,000||-||5,600,000|
|Day 5 - Feb 6, 2018 17:00 IST||50,000||2,970,000||4,250,000||-||7,270,000|
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