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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.

Issue Detail:

  »»  Issue Open: Jul 18, 2018 - Jul 20, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 15,714,038 Equity Shares of Rs 2 aggregating up to Rs 1,125.13 Cr
    ›  Offer for Sale of 15,714,038 Equity Shares of Rs 2 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 2 Per Equity Share
  »»  Issue Price: Rs 714 - Rs 716 Per Equity Share
  »»  Market Lot: 20 Shares
  »»  Minimum Order Quantity: 20 Shares
  »»  Listing At: BSE, NSE

Investor Presentation

TCNS Clothing IPO Reviews / Recommendations:

Dilip Davda - Subscribe for Long Term
Capital Market
Prabhudas Lilladher - Subscribe
Centrum Wealth Research - Subscribe for long term
Choice Broking - Avoid

 

TCNS Clothing IPO Subscription Status / Live Bidding Status

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TCNS Clothing IPO Prospectus

TCNS Clothing IPO Rating

292
3.7
Rating:Rated 3.7 stars

Vote Here ...

TCNS Clothing IPO News Alerts

  1. Friday, July 20, 2018 12:00:00 AM
    TCNS Clothing IPO Closes on Jul 20, 2018
  2. Wednesday, July 18, 2018 12:00:00 AM
    TCNS Clothing IPO Opens on Jul 18, 2018

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

avatar
72.   Jul 17, 2018 11:01:15 AM I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Lodha developer , flemingo travel, nekkanti sea food, genius consultancy , patel infra in coming week

https://wap.business-standard.com/article-amp/markets/seven-ipos-worth-rs-140-billion-to-hit-markets-in-the-coming-week-118071500077_1.html
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71. harit  Jul 17, 2018 9:46:55 AM I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Textile stock buzzing
Duty hike 20℅
Positive for ipo
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71.1.   Jul 17, 2018 10:49:32 AM I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
kitex garment , Lovable Lingari , VIP , Gokaldas export , arvind , rupa , Lux , $ ind. , page , DMart , garden silk , provogue , flies high .
gmp improved
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70. VIE  Jul 16, 2018 9:15:19 PM I Like It. | Report Abuse Reply
@ pragraj
Ex bonus date of GIC is 14 july. Check ur demat ac accordingly.
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70.1. vishwas patil  Jul 17, 2018 6:55:09 AM I Like It. | Report Abuse
Ya that's correct but bonus shares not yet credited
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69. IPOANALYSIS  Jul 16, 2018 11:18:37 PM I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
teach such greedy promoters a lesson by not apply

it is just a exit route wherein promoter will make huge money for themselves only

only apply HDFC
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68.   Jul 16, 2018 9:48:37 PM I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
TCNS :( 12 - 14

HDFC =- 250 - 260
Kostak =- 1050 - 1075
S2 =- 2000

avatar
67.1.   Jul 16, 2018 9:13:46 PM I Like It. 3 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
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66. Adityasingh  Jul 16, 2018 2:15:02 PM I Like It. | Report Abuse Reply
Anyone can help what needs to be done in my case. I have shares of HAL and Indostar and both are running far behind than their issue price. Even so far that it looks like they wont even reach their issue price atleast in a year or 2 . Should I book loss and move out or stay or stay with them ?
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66.1. Doctor strange  Jul 16, 2018 7:09:43 PM I Like It. 1 | Report Abuse
Hold stocks which you feel will do good in future , like im holiding HDFC LIFE , BANDHAN BANK and Sandhar .. rest you can book profit or loss .
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65. Virat Kohli  Jul 16, 2018 7:00:03 PM I Like It. | Report Abuse Reply
Hi ALL.........can any one suggest nifty closing for july expiry ?
Anysome who suggests options in this forum ? good luck to ALL.
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64. PARAGRAJ  Jul 16, 2018 2:00:51 PM I Like It. | Report Abuse Reply
When GIC will pay dividend and credit bonous share in account?
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64.1. vishwas patil  Jul 16, 2018 6:08:18 PM I Like It. | Report Abuse
I too not received bonus shares of GIC. Anybody receved
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63. Dhybu  Jul 16, 2018 4:57:36 PM I Like It. 2 | Report Abuse Reply
Few Facts

- Incorporated in 1997, It is a Delhi based Apparel manufacturer under the brand W, Aurelia and Wishful

- It has 465 exclusive brand outlets, 1469 large format store outlet, and 1522 multi-brand outlet

- It is a debt free company and having an asset-light model, therefore, the break-even of a store comes quickly.

- This is purely a stake sale, by Wagner Ltd. 44% of the total issue and remaining by promoter and employees. The company isn't receive anything from this.

- Turnover and profits: Rs.488 cr/Rs.-41.50 cr (FY 16),Rs.713 cr/Rs.16 cr (FY 17), Rs.849 cr/Rs.98 cr (FY 18).

- Asking for a PE of around 44 and P/BV of 9.17 which makes it very costly.

- Last 3 years average EPS is Rs.7.23 and RONW of -1.08%

Interesting points

- 649066 shares were allotted to Onkar Singh & Arvinder Singh (Promoters) by way of CCD at a price of Rs.373 per share on 28 May 2018, Yes just one and half months back it was valued at almost half price and now they are among stake seller

- Again in June 2018, 42,98,660 were allotted to few employees in the form of ESOP at Rs.76-100 per share and now few among them are selling a big part of their holdings.

- They have mentioned very strong numbers and growth prospects in PPT. If it is so, in reality, then why are they selling stake?.

- Wagner bought 44% stake in October 2016 at 435.8 crores and may now value at 1785 crore.

Very risky, high priced IPO. better to avoid.
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62. AnkurGoel  Jul 16, 2018 4:20:51 PM I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
PN Gadgil approved by Sebi.
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61. Uttam HJP  Jul 16, 2018 2:49:43 PM I Like It. 1 | Report Abuse Reply
it good time to buy PCJ Share..?
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61.1. AnkurGoel  Jul 16, 2018 4:12:54 PM I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
No good time to buy PCJ. Stay away with the company. Even buyback could not change the sentiment. So strongly recommend to stay away.
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60. JSP  Jul 16, 2018 1:18:07 PM I Like It. | Report Abuse Reply
Lodha Developers may launch IPO this month to raise Rs. 5,500 Cr.
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60.1. Atul Kumar  Jul 16, 2018 3:07:39 PM I Like It. 3 | Report Abuse
All real estate companies are in bad shape incl Lodha Developers.Be v careful
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59. IPOANALYSIS  Jul 16, 2018 2:06:37 PM I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
In such market environment better to avoid such issue. When multiple stocks available at discount now
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58. JSP  Jul 16, 2018 1:12:35 PM I Like It. | Report Abuse Reply
IRCON gets SEBI nod for IPO, issue likely in September 2018.
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57. Bullbear  Jul 16, 2018 9:02:07 AM I Like It. 2 | Report Abuse Reply
This company made losses in 2016. So retail portion should be 10% What do u say?
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56. Uchit Patel  Jul 15, 2018 11:08:07 PM I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 1200+ Likes)
TCNS IPO:
Avoid this IPO. Very costly IPO. Textile, readymade garment sector outlook is also negative. We have very tough competition from Bangladesh in textile and readymade garment. Day by day Bangladesh's export and growth are increasing in comparison to India.
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55. sonal patel  Jul 15, 2018 10:44:54 PM I Like It. 8 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 900+ Likes)
Gmp of Tcns is 27 - 29
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54. Devendrablt  Jul 15, 2018 4:37:28 PM I Like It. | Report Abuse Reply
Latest gmp any
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54.1.   Jul 15, 2018 7:47:56 PM I Like It. 6 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
18 - 20

HDFC 200 - 210
Kostak 800 - 850
avatar
53. MOHIT JAIN  Jul 15, 2018 7:26:53 PM I Like It. 2 | Report Abuse Reply
For any ipo apply only after seeing last day after 2 pm subscrition figure. No one can judge ipo listing. every analysis is fail. just qib and hni figures works.
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