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TCNS Clothing Co. Limited IPO (TCNS Clothing IPO) Detail

Jul 18, 2018 - Jul 20, 2018

Incorporated in 1997, Delhi based TCNS Clothing Co. Limited is a company engaged in the business of designing, manufacturing, marketing and retailing of branded apparels for women. According to Technopak, as of November 2017, it was India's leading women's branded apparel company in terms of the total number of exclusive brand outlets.

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:

1. '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.
2. Aurelia - A contemporary ethnic wear brand that grew in revenue at a CAGR of 70.82% during 2013-17.
3. 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 ₹8,491.57 million. It grew at 31.89% CAGR between Fiscals 2016 and 2018. The comprehensive income and EBITDA was ₹977.67 million and ₹1,837.18 million, respectively, for Fiscal 2018.

TCNS has 3,086 employees on its payroll including a design team of 37 employees and retail staff of 2,887 employees. The company also has 301 personnel engaged on a contractual basis.

Strengths of the Company are:
1. Strong brands give it a lead in the spacious organized market.
2. Pan India multi-channel distribution network gives it access to underpenetrated markets.
3. Rich product portfolio with a wide range of design and fits to cater to the changing trends in customers buying behavior.
4. Institutionalized and creative product design process allows it to quickly launch new products and refresh its product offerings according to changing preferences of customers.

Company Promoters:

The Promoters of the Company are Onkar Singh Pasricha and Arvinder Singh Pasricha. The Promoters hold 21,378,245 Equity Shares constituting 37.93% of the Company's issued, subscribed and paid-up Equity Share capital.

Company Financials:

Summary of financial Information (Restated Standalone)
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)

Objects of the Issue:

The objects of the Offer are-

1. Sale of up to 15,714,038 Equity Shares by the Shareholders.
2. Boost the visibility and brand image of the company.
3. Provide a public market for the shares of the company.

The Company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholders.

TCNS Clothing IPO Details
Issue OpenJul 18, 2018 - Jul 20, 2018
Issue TypeBook Built Issue IPO
Issue Size15,714,038 Eq Shares of Rs 2
(aggregating up to Rs 1,125.13 Cr)
Offer for Sale15,714,038 Eq Shares of Rs 2
(aggregating up to Rs [.] Cr)
Face ValueRs 2 Per Equity Share
Issue PriceRs 714 - Rs 716 Per Equity Share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE
TCNS Clothing IPO Tentative Date / Timetable
Bid/Offer Opens OnJul 18, 2018
Bid/Offer Closes OnJul 20, 2018
Finalisation of Basis of AllotmentJul 25, 2018
Initiation of RefundsJul 26, 2018
Credit of Shares to Demat Acct:Jul 27, 2018
IPO Shares Listing Date:Jul 30, 2018

TCNS Clothing IPO Prospectus

TCNS Clothing IPO Rating

450
3.5
Rating:Rated 3.5 stars

Vote Here ...

TCNS Clothing IPO Listing Date

  •   ›  Listing Date: Monday, July 30, 2018
  •   ›  BSE Script Code: 541700
  •   ›  NSE Symbol: TCNSBRANDS
  •   ›  Listing In:
  •   ›  ISIN: INE778U01029
  •   ›  Issue Price: Rs 716 Per Equity Share
  •   ›  Face Value: Rs 2 Per Equity Share

Listing Day Trading Information

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

TCNS Clothing IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term
Capital Market
Prabhudas Lilladher - Subscribe
Centrum Wealth Research - Subscribe for long term
Choice Broking - Avoid
Rudra Shares - Avoid
Hem Securities - Subscribe
ICICI Securities- Subscribe
Asit C Mehta- Subscribe
Arihant Capital- 3 star rating

Company Contact Information

TCNS Clothing Co. Limited
Unit No. 112, F/F Rectangle 1
D-4, Saket, District Centre,
New Delhi 110 017, India
Phone: +91 11 4057 8384
Fax: +91 11 4079 3114
Email: investors@tcnsclothing.com
Website: http://www.wforwoman.com/

TCNS Clothing IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: tcns.ipo@karvy.com
Website: http://karisma.karvy.com

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TCNS Clothing IPO Review / Comments

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286. RANJAN NK  Jul 31, 2018 17:54 I Like It. | Report Abuse Reply
Entering to List in market itself is big process, i dont think any company goes to cheat investors as their focus is create a brand by entering IPO.
iam not a analyst and may bcz of high price and low subscription effected to this stock itseems. i have 40 shares now and why cant we wait for good news from TCNS like good result or good deals.

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286.3. Athar  Aug 1, 2018 09:47 I Like It. 1 | Report Abuse
It is your perception. Good. But as per the details submitted in parliament only 67% percentage of the registered companies are doing well. Some of the companies are coming to public to cheat the investors . I am having 1200 shares of VINIYOGA CLOTHTEX Delhi based company allotted to me since 1994.I don't know that wheather the company is existing. What to do. If anybody knows the details of the company please let me know it
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286.4. RANJAN NK  Aug 1, 2018 12:27 I Like It. | Report Abuse
Iam new to the market and its my point of view.
When company going with their better business and profit why they want to cheat public.
it happiness sometimes like Neerav Modi case, their business was good but due to his own mistake public lost money.i seen few scrips like this Shilpi cable,Quick heal, monte etc
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285. sha dows  Jul 18, 2018 22:52 I Like It. 1 | Report Abuse Reply
Valuation is cheap. I am applying for listing gain. Who ever giving negative comments here will realise their fault decision on listing day
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285.11. Dhan Ki Baat  Aug 1, 2018 10:45 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Matrix is shareholder he can be alloted shares. Promoters sold shares to matrix

Promoters are DEEMED SUBSCRIBERS TO MOA (google what is MOA)

Can I allot you shares in your own company? LOL

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285.12. IPOANALYSIS  Aug 1, 2018 11:32 I Like It. 3 | Report Abuse
Lol u proved urself incorrect. My first message itself says that matrix has been alloted shares at 373 .what illogical reasons you give to that itself is a foolish stament. Please make sure not to comment with baseless reasons. Also read the meaning of alloted it means assigned. It is not always necessary promoter are owners of the company. Lol. Please take some knowledge from share market first before giving illogical statement. U have no understanding at all it is better not to reply to someone who knows nothing.
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284. IPOANALYSIS  Aug 1, 2018 09:58 I Like It. 2 | Report Abuse Reply
DHAn ki baat name should be changed to DHAn lootane ki baat . Lol. His all statements and arguments are illogical. Chittorgarh team please check his arguments and use of words illogical coming from an illogical person
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283. Dhan Ki Baat  Jul 31, 2018 16:50 I Like It. 4 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
@ IPOANALYSIS

In a nutshell, cost of acquisition of shares by promoter/selling shareholder should not become criteria to value any company offerings
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283.3. IPOANALYSIS  Jul 31, 2018 18:20 I Like It. | Report Abuse
DHAn ki baat u started it and now u got taste of ur own medicine.
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283.4. IPOANALYSIS  Jul 31, 2018 23:32 I Like It. 1 | Report Abuse
Firstly my information posted has been correct and you are wrongly arguing . Now when listing has happened negative all ur Incorrect and dumb reasons to support the IPO price has been given a befit reply.now since u can't take that your argument was incorrect and my reasons were correct .now trying to change statements .dear check ur first statement it says that I have provide incorrect information and now u r saying that imean it is not a reason and does not matter if it's a ofs and the shareholder who invested just few years back has doubled the price now and that too a clothing company which are anyway struggling
avatar
282. IPOANALYSIS  Jul 31, 2018 18:27 I Like It. 2 | Report Abuse Reply
It is quite clear now it has been dismal and bad listing .also do remember market condition were good. Imagine the listing price if market was not good. Also when most IPO have given listing gain and check the records. My first message itself clarified that they priced stock expensive and did not leave anything on table as it should price at discount with it peer as Arvind is cheaper . Also if matrix in 2016 -2017 had a price of 373 and now looking at exit does anyone really think a clothing company to price it's issue at 716 which is almost double price. Most of company listed below where cost of acquisition is low is either long time back and they collected money for business expansion and not shareholder exit. So DHAn ki baat now so it complete analysis properly as the listing price is a good answer. Even if I would not agree with anyone I would not use a word stupid but this guy forced me to write such things Ashe need to get taste of his own medicine
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281. PKK  Jul 31, 2018 15:52 I Like It. | Report Abuse Reply
Discussing about acquisition of shares by the company promoters at very low price is very ir-relivant, I believe because they are promoters and they have liberty to do so.
Now come to the point of public offering by way is OFS or issuing new equity, they should leave some considerable amount for the public.
Take the example of D Matters, Shankara and many more like Bandhan Bank, they left a lot for public. They have also acquired the shares at very low price.
I may be wrong for some experts
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280. IPOANALYSIS  Jul 31, 2018 14:39 I Like It. 4 | Report Abuse Reply
Please don't listen to such chaps DHAn ki Baar who have no knowledge in stock market. At that time he thought himself as being hero contradict my views when I clearly mention that how lead manager come to such high price when the share value cost to matrix happened only at 373 rs only recently and also is plan a exit. So why LM thought and come at high price at 716. He has been giving some non sense comments that it is ok to price. When u consider other cost of acquisition mostly they are not ofs but here it was part exit and that too at such price. Never listen to such people DHAn ki baat making nonsense comments
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279. IPOANALYSIS  Jul 19, 2018 13:20 I Like It. 4 | Report Abuse Reply
what do you mean by promoter infusef further capital. This statement is illogical as there avergae cost of acquistion is even lower at 30rs.

So calculate the share price at which share is being offered.

Matrix was offered share at 373 in 2016-2017 which means they have almost doubled their money in 1-2 years.

Please make sure you read everything clearly before making some nonsense remarks
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279.12. Dhan Ki Baat  Jul 31, 2018 13:25 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Why cannot you understand one simple thing...

Investment was made via preference shares in 2011. In 2016 only conversion from preference to equity took place, no consideration was given @373

RITES Issue Price 185, Cost of acquisition less than 1
Lemon Tree Issue Price 56, Cost of acquisition between 6 and 21
Sandhar Tech Issue Price 332, cost of acquisition between 7 and 84
Bandhan Bank Issue Price 375, cost of acquisition 26
Astron Paper Issue Price 50, cost of acquisition between 2-10
HDFC AMC Issue Price 1100, cost of acquisition between 15-19
HDFC Life Issue Price 290, cost of acquisition between 10-41

Enough spoon feeding has been done from my side...please do some homework before posting shit...

Why you think I applied and am suffering loss?

I did not apply

I traded though

Trade ID      Fill time      Type      Instrument      Product      Qty.      Avg. Price
76341079      12:30:31      SELL      TCNSBRANDS NSE      CNC      1100      648.3
76341078      12:30:31      SELL      TCNSBRANDS NSE      CNC      1000      648.35
76341077      12:30:31      SELL      TCNSBRANDS NSE      CNC      100      648.5
76341076      12:30:31      SELL      TCNSBRANDS NSE      CNC      100      648.55
76212334      12:07:27      BUY      TCNSBRANDS NSE      CNC      2300      639

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279.13. IPOANALYSIS  Jul 31, 2018 14:33 I Like It. 2 | Report Abuse
Hahaha please study and do some analysis before talking nonsense. Is preferential conversion to shares not a price .yes it is . At that time you were talking that this has not happened.now talking stupidity that I mean it is ok to price it . First stick to ur comments. U mention that it did not happen .. read ur comments carefully.. whether equity or conversion the price is still 373. U were defending this price at 716 . Check comments of anil singhvi as well . He clearly mention allotment at such lower price recently and nothing left for listing gain.. don't talk stupid rites is a govt. Company and morever it price it too less and left lot on table to gain in price. U need to gain some knowledge in stock market first before giving ur useless comments.
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278. Earthking  Jul 30, 2018 23:05 I Like It. | Report Abuse Reply
STEINBERG INDIA EMERGING OPPORTUNITIES FUND LTD bought good qty today ... @655
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278.1. Earthking  Jul 30, 2018 23:08 I Like It. | Report Abuse
3,27,942 qty @ 655.06 totalling approximately 21.5 crores
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278.2. AnkurGoel  Jul 31, 2018 12:04 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Following are the holding of this fund. It does not has any star performer in its portfolio:

Wonderla Holidays Ltd.      
DCB Bank Ltd.      
Minda Corporation Ltd.      
Firstsource Solutions Ltd.      
Hindustan Media Ventures Ltd.
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277. Bullbear  Jul 30, 2018 21:42 I Like It. 2 | Report Abuse Reply
This forum warned against 40 pe high valuation of this competitive business share and advised to avoid which was reflected in only .33x rii subscription till the end of second day. Thanks to chittorgarh.com forum.
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277.1. VIE  Jul 30, 2018 22:28 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
लालच का फल खराब होता है
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276. Bullbear  Jul 30, 2018 21:33 I Like It. 2 | Report Abuse Reply
Rii saved as they subscribed only 50%and 50 % of them followed 13x of qib and 5x of hni on last day. Rii are smarter then qib and hni
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275. Gnsarda  Jul 30, 2018 14:11 I Like It. 1 | Report Abuse Reply
Good punishment to Tcns and realisation to incoming IPOs
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275.2. Doctor strange  Jul 30, 2018 20:06 I Like It. 3 | Report Abuse
only investers lost money...TCNS pro made huge money
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275.3. OMi  Jul 30, 2018 21:04 I Like It. 1 | Report Abuse
Retail was subscribed very less.. some smart investors on this forum were advising to go for it in hope of 5% listing gain. hope they got their listing gain today.
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274. IPO ANALYSTS 📣  Jul 30, 2018 20:38 I Like It. | Report Abuse Reply
Sold @702
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273. AnkurGoel  Jul 30, 2018 20:34 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Poor listing keeping in view that nifty gains 4-5 consecutive session after tcns book build closure. Suppose if market remains negative then it would be wealth destroyer on listing day.
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272. VIE  Jul 30, 2018 19:20 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@ Doctor strange,COMMONMAN
NOW EVEN QIB SUBSCRIPTION DATA WHICH INCLUDES MF, ARE NOT RELIABLE
TO MAKE THE IPO FLOAT THEY EVEN SUBSCRIBED TO ANY STOCK.RECENTLY SEBI ACTION AGAINST ICICI PRU MF FOR SUBSCRIBING THE IPO OF ICICI SEC. IS THE BIG LESSON FOR RETAILERS.

PLEASE READ THE OFFER DOCUMENT BEFORE INVESTING.

HAPPY INVESTING
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272.1. Doctor strange  Jul 30, 2018 20:03 I Like It. 2 | Report Abuse
even we as investers knew about it...mf should be held accountable for buying such stocks..
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271. DownriteVJ  Jul 30, 2018 10:13 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Booked some loss and got out of it
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271.1. VIE  Jul 30, 2018 19:27 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
sahi kiya
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270. VIE  Jul 30, 2018 12:19 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@SJ
I DONT THINK IT WILL HIT LOWER CIRCUIT.
BUT IF IT HIT IT THEN IT AN EYE OPENER FOR ALL I. E. RETAILERS PROMOTERS LM ETC😃😃😃😃.
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270.1. SJ  Jul 30, 2018 12:35 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1200+ Likes)
Promoters should be shameful for such a high price.Why not promoters ask such a high price when investors blindly applying every IPOs w/o checking background and fundamentals.
Citi & Kotak are popular names in manipulating prices.Watch CNBC and mark their words.They do exactly opp. like S.P Tulsian in secondary market.
I think this is one of the worst IPO of 2018-2019 with (-10%) fall on first day itself.
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270.2. VIE  Jul 30, 2018 19:25 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Its just a beginning other IPO are also in waiting like insurance companies IPO etc
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269. VIE  Jul 30, 2018 19:22 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@ MOHIT JAIN
NII MAY ALSO BE SELLING AS THERE IS INTEREST COST INVOLVED IN IT.
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268. VIE  Jul 30, 2018 19:07 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@ Gnsarda
RETAILERS ARE FOOLED BY PROMOTERS AND EVEN SAME WILL HAPPEN IN FUTURE ALSO.UNTIL AND UNLESS RETAILERS AVOID THESE TYPE OF IPO PROMOTERS MAKE MONEY AT THE COST OF RETAILERS.
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268.1. VIE  Jul 30, 2018 19:11 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
MANY ADVISED AVOID FOR THIS IPO BUT STILL IT WAS SUBSCRIBED BY 0.67
TIMES I.E. 264.13 CRORE WAS INVESTED BY RETAILERS OUT OF ISSUE SIZE OF 1125 CR.
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267. Doctor strange  Jul 30, 2018 15:23 I Like It. 2 | Report Abuse Reply
As i had posted earlier i will make loss even without investing ..thanks to stupid mf in which we invest money and they invest in such stocks...lost my trust in mf industry after ICICI sec IPO.
dont know what they see in such Ipo ...
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267.1. COMMONMAN  Jul 30, 2018 17:26 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
True ..
I Invested In Sundaram Emerging Small cap 1 & They Were Anchor Investor.
When It was clearly visible that it is highly prised... I have To Bear loss via MF.
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267.2. Doctor strange  Jul 30, 2018 17:56 I Like It. 1 | Report Abuse
@commonmen...agree ..
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