TCNS Clothing Co. Limited IPO Message Board (Page 14)

@RAJAKUMAR

R u sure its Debt free company?

See DRHP page 149. Long term borrowing 2 million and short term borrowing 20 million both are negligible amount.

Jaipur with form 450-500

Contact your broker.

@Ipoupdate, when you are telling GMP then why cannot you share the details.

Form - 400

Ahmadabad..!!

(i)TCNS Clothing Co. Private Limited is India's leading women's branded apparel company in terms of a total number of exclusive brand outlets as of November 2017, according to Technopak.

(ii) They Design, Manufacture, Market and Retail a wide portfolio of women's branded apparel across multiple brands. They sell products through 418 exclusive brand outlets, 1,305 large format store outlets and 1,361 multi-brand outlets, located in 29 states and two union territories in India. In addition to that they also have six exclusive brand outlets in Nepal, Mauritius and Sri Lanka. The company also sell the products through their own website and online retailers.

(iii)The product portfolio includes Top-wear, Bottom-wear, Drapes, Combination-sets and Accessories that cater to a wide variety of the wardrobe requirements of the Indian woman, including every-day wear, casual wear, work wear and occasion wear. The TOP brand in the portfolio is mentioned below:

a). Brand "W": "W" is a premium fusion wear brand, which merges Indian and western sensibilities with an emphasis on distinctive design and styling. This brand is targeted primarily at the modern Indian woman's work and casual wear requirements. "W" has been recognized as the 'IMAGES Most Admired Fashion Brand of the Year: by India Fashion Forum consecutively for past three years between 2015 to 2017. "W" had 258 exclusive brand outlets and 676 large format store outlets located across 148 cities in India and five outlets outside India.

b). Brand "Aurelia": Aurelia is a contemporary ethnic wear brand targeted at women looking for great design, fit and quality for their casual and work wear requirements. "Aurelia" had 159 exclusive brand outlets and 629 large format store outlets located across 149 cities in India and one outlet outside India.

c) Brand "Wishful". Wishful is a premium occasion wear brand, with elegant designs catering to women's apparel requirements for evening wear and occasions such as weddings, events and festivals. The Company is leveraging their "W" store network for selling Wishful products, however, they recently launched first exclusive brand outlet for Wishful, in September 2017.

iv) Revenue from sales of products under brand "W", "Aurelia" & "Wishfulgrew" is growing at a CAGR of 48.67%,70.82% & 66.66% respectively during FY13 to FY17 . Moreover, in FY17 the revenue from "W", "Aurelia" & "Wishfulgrew" accounted for 61.23%,30.35% & 8.41% respectively.

@harit
amber-exit at 1100
shalby-hold.fii/dii buying in pharma
indostar-hold till 625-630 as you are long investor
apollo-exit on rally and book loss
dixon-exit at 3000 and book profit
Today-Bulk deal in Karda at NSE over 10,000 shares at 170 price.Buy for the target of 180 /185 in short term/next result.

thanks

29-31 TCNS AHMEDABAD

Avoid very expensive

TCNS 22 24 YESTERDAY AT 10 PM

Have u any broker number who deal in this ipo

I cannot share any grey dealers number.. U should contact your broker

Which city

From Brokers' sources.
Tomorrow morning will recheck.Today morning it was 60-65

Current GMP Any

20-22 19:00 p.m Closing Trade

As per RHP , page 63/69 , shares splited from 10 to 1 and again consolidated from 1 to 2 from Jan 2018.
As per RHP , in Feb. 2018 employees were granted shares at 373 rs. under employees stock option plan . These shares had weighted average fair value of 288 rs. Now in less than 6 months of time , issue price climbed more than double !
Management has provision for ESOP-2 within 3 months after listing.

ALL peers enjoy high P/E because of its popular market brands.This company is unknown and asking P/E is very high.
Monte Carlo pe 16
Kewal Kiran pe 23
Kitex Garment pe 11
TCNS Clothing PE 45
GMP 60-65...Less than 10%

Profit figures are inflated for IPO purpose.Check past figures.
IMO issue price should not be more than 500-550.
IMO Avoid this OFS ipo and invest in hdfc amc and hcl tech

Remember
Next Kitex
Next Monte Carlo
Next Kewal Kiran
Comparing other peers , this company's brand is not so popular.Only branded company's shares are making new highs on index.Exit above 685.Soon 650 level can be seen.

Check the chart from the exchange.
As I posted to exit Above 685 , Very weak support below that level . Very weak structure.
Broken 650 level also
Better to short poor IPOs than applying.

2017 - 2018 Half yearly results Rs 9.63 (Translates into full year it comes Rs.19 Eps)
So it coming at a pe of 37

Pl tell us the cost of aquisition of shares by promoters selling shares in offer for sale (current ipo)

Refer page 34 of DRHP for cost of acquisition
Promoter cost of acquisition does not matter.
The Investor Selling Shareholder Wagner Ltd cost of acquisition is Rs 373.26 per share.
Wagner Ltd holds 24931803 shares in company of which 6911684 shares are offered for sale via IPO.
Wagner Ltd will still hold 18020119 shares or 31.96% in company after IPO

eps - 15 ( if Issue price 700 on FV 2 , then pe > 45 , costly for non-branded co. IMO )
NAV - 75
RoNW - 22 % } ( Loss-Making co.
margin : 12 % } before one year )

IMO this could be the next KITEX Garment :(
eps 10 , fv 1 , cmp 115 , pe 11 .

Wait for HDFC for one more week and apply with full force , in HNI category if possible :)
and think about HCL TECH buy back offer also

wforwoman.com
No info on co. site

Can any one suggest me whether to purchase or not to purchase this IPO.
If not in which i can invest on.

Thank u

Tcns clothing ltd
Date 18.7 to 20.7
Size 1125.13 cr
Price band 714-716
Lot size 20
Amount 14320/-

*Peer Comparison*
Aditya Birla Fashions - Sales Rs 7172 crores - Market Cap Rs 10725 crores - EPS Rs 1.52 - PE 90x.
Kewal Kiran Clothing - Sales Rs 460 crores - Market Cap Rs 1725 crores - EPS Rs 59.38 - PE 23x.
Monte Carlo Fashions - Sales Rs 645 crores - Market Cap Rs 936 crores - EPS Rs 27.48 - PE 16x.
TCNS Clothing Company - Sales Rs 850 crores - Market Cap Rs 4390 crores - EPS Rs 15.36 - PE 46x.

Price Band - Rs 714 to Rs 716.
Issue Size - Rs 1125.13 crores.
RII lots - 274,995 available.

Apply or Avoid??
Latest gmp??

Lets see how grey market starts..!!

What is the possibility of the subscription figures. ?? Experts

GMP around 60-65

yes , gmp started at 60-65

It is a Delhi-based company.

listing in will be trade for Trade segment

@RAJAKUMAR - Thanks your SIr for sharing knowledge!

Why the listing will be in trade to Trade segment ?

If it is so then this can another dangerous IPO like Apollo Microsystems.