House of Pearl Fashions Ltd IPO (House of Pearl IPO) Detail

Jan 16, 2007 - Jan 23, 2007

House of Pearl Fashions Limited (HOPFL) is a multinational, ready-to-wear apparel company operating in three business streams: manufacturing, marketing and distribution, and sourcing of garments. They also provide total supply chain solutions to their customers, which include value retailers as well as higher-end fashion brand retailers in the United States and Europe. House of Pearl Fashions multi-stream business model enables them to offer multi-country, multi-gender and multi-product options to there global customers.

House of Pearl Fashions currently operate ten modern ready-to-wear apparel manufacturing facilities, of which six are located in North India, one in South India, two in Bangladesh and one in Indonesia, which enable us to leverage each location�s relative advantage in a particular product category.

House of Pearl Fashions has marketing and distribution offices in the U.K., the U.S. and Hong Kong to cater Canada, Europe, Hong Kong, U.K., U.S and other countries.

Objects of the Issue:

The Company intends to use the Net Proceeds for the following purposes:
1. Investment in its subsidiary companies to increase the production capacity of the Group from 20 million pieces per annum to 40 million pieces per annum. This is proposed to be achieved by the following means:
A. Establishment of a new woven manufacturing facility by Pearl Global in the State Industries Promotion Corporation of Tamil Nadu Limited Industrial Park (“SIPCOT Industrial Park”), Irungattukotai, India;
B. Establishment of a new wovens and knits manufacturing facility by Pearl Global in Narsingpur, Gurgaon, Haryana, India;
C. Acquisition of an existing knitted garment manufacturing facility by Pearl Global in Khandsa, Gurgaon, Haryana, India; and
D. Establishment of a new knits manufacturing facility by Norp Knit in Dhaka, Bangladesh.
2. Investment in its subsidiary company, Pearl Global, for the establishment of a design centre and corporate office at Gurgaon, Haryana, India;
3. Setting up of an integrated information technology system;
4. Pre-payment of certain term loans availed by the Company and its subsidiaries;
5. Investment in its subsidiary company, Multinational Textiles, for payment of purchase consideration to SACB Holdings Limited and Pallas Holdings Limited as part of the Group restructuring;
6. Setting up a domestic branded apparel retail business;
7. Acquisition of an existing international brand in the U.S. or the U.K. for retail outside India; and
8. General corporate purposes.

House of Pearl IPO Details

IPO Opening Date	Jan 16, 2007
IPO Closing Date	Jan 23, 2007
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹525 to ₹600 per equity share
Market Lot	10 Shares
Min Order Quantity	10 Shares
Listing At	BSE, NSE
Issue Size	5,984,994 Eq Shares of ₹10 (aggregating up to ₹329.17 Cr)

House of Pearl IPO Lot Size

The House of Pearl IPO market lot size is 10 shares. A retail-individual investor can apply for up to 33 lots (330 shares or ₹198,000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	10	₹6,000
Maximum	33	330	₹198,000

House of Pearl IPO Subscription Status (Bidding Detail)

The House of Pearl IPO is subscribed 3.91x times on Jan 23, 2007 17:00. The public issue subscribed 1.81x in the retail category, 6.34x in the QIB category, and 1.14x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total	3.91x

House of Pearl IPO Prospectus

› House of Pearl IPO DRHP
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› House of Pearl IPO Application Form Download

House of Pearl IPO Rating

3.7

Rating:

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House of Pearl IPO Listing Date

Listing Date	Thursday, February 15, 2007
BSE Script Code	532808
NSE Symbol	PGIL
Listing In	B1
ISIN	INE940H01014
IPO Price	₹550 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹550.00
₹500.00
₹445.05
₹580.25
₹469.40
7,118,804

NSE
₹550.00
₹499.90
₹444.20
₹525.00
₹469.95
8,237,003

House of Pearl IPO Reviews / Ratings

Business Line - Avoid

Company Contact Information

House of Pearl Fashions Ltd
A-3, Community Centre,
Naraina Industrial Area,
Phase II, New Delhi - 110 028, India

Phone: +91 11 4141 7680
Email: jayantipo@hopfl.org
Website: http://www.hopfl.org

House of Pearl IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: delhi@intimespectrum.com
Website: http://www.linkintime.co.in

House of Pearl IPO Lead Manager(s)

JM Morgan Stanley Private Limited

Lead Manager Reports

House of Pearl IPO FAQs

What is House of Pearl IPO?

House of Pearl IPO is a main-board IPO of 5,984,994 equity shares of the face value of ₹10 aggregating up to ₹329.17 Crores. The issue is priced at ₹525 to ₹600 per equity share. The minimum order quantity is 10 Shares.

The IPO opens on Jan 16, 2007, and closes on Jan 23, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When House of Pearl IPO will open?

The House of Pearl IPO opens on Jan 16, 2007 and closes on Jan 23, 2007.
What is the lot size of House of Pearl IPO?

House of Pearl IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.
How to apply for House of Pearl IPO?

You can apply in House of Pearl IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When House of Pearl IPO allotment?

The finalization of Basis of Allotment for House of Pearl IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the House of Pearl IPO allotment status.
When is House of Pearl IPO listing date?

The House of Pearl IPO listing date is on Thursday, February 15, 2007.

House of Pearl IPO Message Board

Ranked Members

37. Charles Hopfl |Jun 22, 2007 08:26

Sounds like an interesting company. Any relationship to an actual Hopfl. We are investors in NYC and would like to hear more about this company.

36. vikas jain |Feb 17, 2007 22:08

dont worry pinky...

There is lot of news about this company about acquisition of foreign brands and things like that..

So dont panic. you can get the issued price.

I am also planning to buy at this price.

35. pinky |Feb 16, 2007 07:06

dear vikas,
wat u suggest now i missed a chance tosell todat;

34. vikas jain |Feb 16, 2007 04:46

Dear Pinky

Yes. I have sold fully @ 510.. Loss of Rs.40

33. Ratan Parkash |Feb 16, 2007 04:06

I could not understand what to do with IPO’s. There was firm allotment in Cairn India and House of Pearl Fashion Limited.
More than expected loss in both the IPO’s. I don’t understand what SEBI and ministers are doing with pricing of IPO’s. They should think about retailers also.

Thanks

Ratan786@indiatimes.com

32. pinky |Feb 16, 2007 03:38

dear vikas jain,
any idea of hopls future price, have you sold it

31. Govindan |Feb 16, 2007 02:42

To fall in this kind of a raising market - incredible. Yes, it had a terrible listing.

But I think, HOPFL has a gud mgmt team and the there was a popular notion that it was a bit over priced and i think, it was the cause for the fall.

I expect it to perform well in a 6 month to 1 yr period.

Ofcourse this is from a young investor who got ipo shares for the first time [had tried for Cambridge but didnt get any].

I would appreciate ur comments.

30. vikas jain |Feb 15, 2007 22:00

Dear Pinky,

HOPFL has really screwed all......

Down Rs.100/- that too on 100% allotment.

Every body lost 17% on Opening Bell.....

29. pinky |Feb 15, 2007 07:28

i think the rates going to be screwed up
expect price of atleast 475-525

28. deepak kalani |Feb 14, 2007 08:42

Symbol
HOPFL

Name of the Company
House of Pearl Fashions Limited

Series
EQ

ISIN
INE940H01014

Face Value
Rs.10/-

Paid-up Value
Rs.10/-

Security Description
Equity shares of Rs.10/- each fully paid up

Issue price for the current public issue
Rs. 550/-

to be listed on 15/2/2007

27. pinky |Feb 14, 2007 07:44

when is this going to be listed , is it going to list at all

26. anil shankaran |Feb 14, 2007 00:27

What will be the strategy for Hold/ Book Profit.

25. ak |Feb 13, 2007 10:26

from where you know that the listing date of hpl is 13 th. as i have not seen any where. please specify the source.

24. ritesh |Feb 13, 2007 05:27

hey,
guys tomrrow will listimg house of pearl. dt:- 13-02-2007. so keep watch this share.
best of luck.

23. mindnmoney |Feb 12, 2007 11:28

For this IPO, Investors are confused. They don't know what exactly happening...I have written about cambridge technologies IPO ( Where investors are also confused. I told it will touch 60+ levels.. 1st day it went upto 100+.. You can see my comment under Cambridge Technology.)

Now for this IPO, I have only 1 question. Why QIBS has subscribes 6.33 times. They have thoroughly investigated the script & then they invest... Means. Don't worry, This IPO will do good within 1 month. (Yes, there is little chance to go under price...because retail investor will throw the shares cheap to big FIIs...but My take hold this shares upto 2-3 months.. You will definately see price range above 670 +.

22. vishal |Feb 12, 2007 06:50

Oh NO, i got the full allotment of 150 shares it will be big problem a head ,is any body know what will happen to this ipo is thir any hope of profit

21. dilip |Feb 11, 2007 05:48

any one in world knows wat premium on this

20. dhiren |Feb 10, 2007 03:12

hi ash it got subscibed only 0.7 times in retail investers
n you got what you applied for.

19. dhiren |Feb 10, 2007 03:09

anybody have idea when house of perl will be listed?

18. aishwarya |Feb 10, 2007 02:19

i apply for 30 get 30 this is the first ipo that i have get full allotment. thanks to hpf. hope it done well in future.

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