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Lorenzini Apparels IPO is a fixed price issue of Rs 4.47 crores.
Lorenzini Apparels IPO bidding started from January 31, 2018 and ended on February 6, 2018. The allotment for Lorenzini Apparels IPO was finalized on Friday, February 9, 2018. The shares got listed on BSE SME on February 15, 2018.
Lorenzini Apparels IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Lorenzini Apparels IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Lorenzini Apparels IPO RHP for detailed information.
| IPO Date | January 31, 2018 to February 6, 2018 |
| Listing Date | February 15, 2018 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 4,470,000 shares (aggregating up to ₹4.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 230,000 shares |
Lorenzini Apparels IPO offers 4,700,000 shares. 2,120,000 (45.11%) to NII, 2,120,000 (45.11%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 230,000 (4.89%) |
| Other Shares Offered | 2,120,000 (45.11%) |
| Retail Shares Offered | 2,120,000 (45.11%) | Other Shares Offered | 230,000 (4.89%) |
| Total Shares Offered | 4,700,000 (100%) |
Lorenzini Apparels IPO opens on January 31, 2018, and closes on February 6, 2018.
| IPO Open Date | Wednesday, January 31, 2018 |
| IPO Close Date | Tuesday, February 6, 2018 |
| Basis of Allotment | Friday, February 9, 2018 |
| Initiation of Refunds | Monday, February 12, 2018 |
| Credit of Shares to Demat | Wednesday, February 14, 2018 |
| Listing Date | Thursday, February 15, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 6, 2018 |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
Incorporated in 2007, Lorenzini Apparels Limited is engaged into the business of manufacturing, designing and marketing of readymade garments. Lorenzini Apparels offers diverse range of formal, semi-formal and casual wear for men and casual wear for women under the brand name 'Monteil & Munero', 'Monteil' and 'Calgari'.
Company has its own manufacturing setup at Delhi. The manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. Company also outsources some of the manufacturing.
Lorenzini Apparels sells its products through retail shops and online. Company sells its products through 18 exclusive stores/oulets located in Delhi, Haryana and Uttar Pradesh.
Lorenzini Apparels also have supply agreement with some of the e-commerce platform including Myntra, Limeroad, Flipkart, Jabong, Amazon, paytm etc. Company also have franchise model to sell products.
Company has 62 employees including 2 management personnel, 10 Skilled, 40 semi skilled and 12 unskilled employees.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 139.51 | 51.31 | 55.68 | 41.69 | 64.19 | |
| Total Revenue | 164.49 | 121.08 | 141.64 | 115.97 | 131.61 | |
| Profit After Tax | 1.48 | -0.30 | 0.55 | 1.19 | -0.47 | |
The objects of the Issue are:
1. Funding of working capital requirements of the Company
2. Issue Expenses
[Dilip Davda]
Textile segment is likely to get more relaxed regime being a job oriented sector. Industry is expecting many sops from forthcoming budget. Considering all these, investment may be considered in this at par issue for long term
Read detail review...The Lorenzini Apparels IPO is subscribed 1.71 times on February 6, 2018 5:00:00 PM. The public issue subscribed 2.00 times in the retail category, times in the QIB category, and 1.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.40 |
| Retail | 2.00 |
| Total | 1.71 |
| Listing Date | February 15, 2018 |
| BSE Script Code | 540952 |
| NSE Symbol | LAL |
| ISIN | INE740X01015 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹10.20 |
| ₹8.25 |
| ₹10.20 |
| ₹9.25 |
Lorenzini Apparels Limited
TA 168 & 187 Ground Floor,
Street No. 2, Tuglakabad Extn,
New Delhi 110019
Phone: 011 40504731
Email: cs@mymonteil.com
Website: http://www.mymonteil.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Lorenzini Apparels IPO is a SME IPO of 4,470,000 equity shares of the face value of ₹10 aggregating up to ₹4.47 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on January 31, 2018, and closes on February 6, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Lorenzini Apparels IPO opens on January 31, 2018 and closes on February 6, 2018.
Lorenzini Apparels IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Lorenzini Apparels 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lorenzini Apparels IPO will be done on Friday, February 9, 2018, and the allotted shares will be credited to your demat account by Wednesday, February 14, 2018. Check the Lorenzini Apparels IPO allotment status.
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