Yes, most of ipo about 80 percent money in last 15 months I studied have gone to promoters or mega investors in companies concerned . This money will not contribute to future projects though brand will be noticed by public.
TCNS issue price may be fix at around 700. If fix at Rs.700 their pe ratio is 36. RONW 31.6% NAV 61 (SIX MONTH 2018) Page Industries 89 pe RONW 40% NAV 596 Aditya Birla Fashion 226 pe RONW 5.5% NAV 12.44 Future life style 158 pe RONW 2.3% NAV 101 Kewal kiran clothing 23 pe RONW 23.8% NAV 290
TCNS Clothing Co. Ltd.,: Offer Opens On: Wed, July 18 Offer Closes On: Fri, July 20 Price Band & Bid Lot will be declared 5 days prior to Offer Opening Date. F.V.: Rs.2 per share. Offer Size: 157,14,038 Eq Shs. Issue Allocation: 50% QIB, 15% NII & 35% Ret. Listing: NSE & BSE