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Lorenzini Apparels Limited IPO (Lorenzini Apparels IPO) Detail

Jan 31, 2018 - Feb 6, 2018

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.

Company Promoters:

Sandeep Jain and Deepika Jain are the promoters of the company.

Sandeep Jain, aged 35 years, is the Managing Director of the Company. He has around 10 years of experience in the ready-made garments industry. He is responsible for developing business strategies and instrumental in formulating strategic growth.

Deepika Jain, aged 36 years, is the Whole-time Director of the Company.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

The objects of the Issue are:
1. Funding of working capital requirements of the Company
2. Issue Expenses

Lorenzini Apparels IPO Details
Issue OpenJan 31, 2018 - Feb 6, 2018
Issue TypeFixed Price Issue IPO
Issue Size4,470,000 Eq Shares of Rs 10
(aggregating up to Rs 4.47 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 10 Per Equity Share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtBSE SME
Lorenzini Apparels IPO Tentative Date / Timetable
Bid/Offer Opens OnJan 31, 2018
Bid/Offer Closes OnFeb 6, 2018
Finalisation of Basis of AllotmentFeb 9, 2018
Initiation of RefundsFeb 12, 2018
Credit of Shares to Demat Acct:Feb 14, 2018
IPO Shares Listing Date:Feb 15, 2018

Lorenzini Apparels IPO Subscription Status (Live)

Lorenzini Apparels IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time




Shares Offered




Feb 6, 2018 17:00




Lorenzini Apparels IPO Prospectus

Lorenzini Apparels IPO Rating

Rating:Rated 4.0 stars

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Lorenzini Apparels IPO Listing Date

  •   ›  Listing Date: Thursday, February 15, 2018
  •   ›  BSE Script Code: 540952
  •   ›  NSE Symbol:
  •   ›  Listing In: M
  •   ›  ISIN: INE740X01015
  •   ›  Issue Price: Rs 10 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

Issue Price:
Last Trade:
Rs 10.00
Rs 10.20
Rs 8.25
Rs 10.20
Rs 9.25

Lorenzini Apparels IPO Reviews / Ratings

Company Contact Information

Lorenzini Apparels Limited
TA 168 & 187 Ground Floor,
Street No. 2, Tuglakabad Extn,
New Delhi 110019
Phone: 011 40504731

Lorenzini Apparels IPO Registrar

Skyline Financial Services Private Ltd   »  Report
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 – 11 – 2681
Fax: +91 – 11 – 30857562

Lorenzini Apparels IPO Lead Manager(s)

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Lorenzini Apparels IPO Review / Comments

68. anurag vijayvergiya  Apr 3, 2018 13:15 I Like It. | Report Abuse
How do u know sir that the stock price will go up in April 2018's already been started and stock price still at same rate
67. Nagaraj SV  Mar 13, 2018 09:28 I Like It. | Report Abuse
HI All,

Please don''t sell Lorenzini as it''s price is going to increase to 40-48 in coming month (April 2018) after this Financial Year end.
66. Manoj John  Feb 23, 2018 19:31 I Like It. | Report Abuse
what is happening with this stock? Is it traded everyday?
65. surprit  Feb 15, 2018 16:02 I Like It. | Report Abuse
Don''t sell it will give handsome returns, wait for a month at least. Just like kp energy which is nearly 4 times it''s issue price
65.1. Nagaraj SV  Feb 20, 2018 17:23 I Like It. | Report Abuse
Hi All,

Please don''t sell the Lorenzini shares & it will raise up to 40-42 within couple of months as market is getting recovery. And also company has very good flow from upcoming budget. So definitely it will give very good return.
64. Nilesh Parekh  Feb 15, 2018 08:51 I Like It. | Report Abuse
Listed at discount quoting at around Rs..8
63. Avanish swami  Feb 14, 2018 16:49 I Like It. | Report Abuse
Tomorrow listing please tell me listing price
62. Nagaraj SV  Feb 12, 2018 14:32 I Like It. | Report Abuse
Hi All,

Has anyone got the allotment of this IPO?? What will be the listing price of this?
62.1. SDP  Feb 14, 2018 13:05 I Like It. | Report Abuse
I got 50 %, 10000 shares, applied for 20000. I am also hoping to get listing gain. When is listing
61. Chem cho  Feb 5, 2018 21:52 I Like It. | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
60. Syed Naqvi  Feb 5, 2018 19:01 I Like It. | Report Abuse
pls share the current subscription status. Thanks
59. Gainer  Feb 2, 2018 13:16 I Like It. | Report Abuse
59.1. DownriteVJ  Feb 5, 2018 16:50 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
58. harit  Jan 31, 2018 16:53 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Apply or avoid??
58.1. DownriteVJ  Feb 5, 2018 16:50 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
57. Jon snow  Feb 2, 2018 20:07 I Like It. | Report Abuse
change of opinion after bloodbath today ? apply or avoid ?
57.1. DownriteVJ  Feb 5, 2018 16:49 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
56. High Flyer  Jan 26, 2018 14:24 I Like It. 2 | Report Abuse
I started using this site since 2014, initially I gathered a lot of information on IPOs and SMEs...It gives me shock to know that many boarders for Lorenzini posting messages...It looks like they all registered with this site last week I presume....or hired by them to get subscription ???

We should be very careful with this Lead Manager and Market Maker like Guinness Securities...they will wash of their hands on 3rd day or 4th day...this was happened in ANG lifescience ...1st day UC, 2nd UC and 3rd UC and Lower circuit there is no movement of this ANG after that we burned our fingers for 2 lots Rs 1 lac losss.....
56.3. High Flyer  Feb 4, 2018 14:10 I Like It. | Report Abuse
Would like to to give reply to the Reply from SSKI - I was not primary allotte in ANG Lifescience - 1st day UC @ Rs 96 with vol of 1,96,000 and 2nd UC at Rs 115.20 with volume of 7,48,000 We bot at 3 lots ANG Life at UC at Rs 115.20 and on the same day is 20% lower circuit...reached to issue price - Dear SSKI count your loss it will be around Rs 1,62,000 +
56.4. SSKI  Feb 5, 2018 08:10 I Like It. | Report Abuse
SME IPO is mainly for HNI client only who can hold long term. For retail investors it''s just for listing gains.Retail investors should not buy in secondary market. If. U get it IPO selkl it on listing and if you have more than one lot keep the other with some stop-loss. The mistake of High Flyer is buying in secondary market.never make that mistake. Just apply IPO and book profit on listing is the SME mantra.
55. S Patel  Jan 31, 2018 07:30 I Like It. 1 | Report Abuse
54. SHANI  Jan 29, 2018 16:58 I Like It. | Report Abuse
galaxy ipo close on 31-jan , then 1st feb budget , may if something not good come for market it will crash...listing date 8 feb ..appy or not?
53. SecTheta  Jan 25, 2018 19:50 I Like It. 3 | Report Abuse
This message has been removed by a moderator.
53.2. SDK  Jan 28, 2018 13:17 I Like It. | Report Abuse
100% agree
53.3. coolaks  Jan 29, 2018 10:47 I Like It. | Report Abuse
Hi Sectheta whats your view on this sme? seems attractive to me
52. Neha Bakshi  Jan 27, 2018 17:30 I Like It. 1 | Report Abuse
The Company seems to be diluting almost 44%-45% which is very high on the first place and that too at the face value.
The Lead Manager i.e. Fedex is a new player with not much experience and its first IPO Shree Ganesh Remedies had opened at 17% discount.
Considering the track record of Company and LM...A BIG AVOID!!!
52.1. Hexadecimal  Jan 27, 2018 23:04 I Like It. | Report Abuse
Shree Ganesh Remedies Ltd. is a fundamentally sound company and in long run, it may give good return in comparison to other contemporary SME Pharma companies. For a value investor, it is a buy at current price and it was a great accumulate at listing day discount price.
51. IPO Analytics  Jan 27, 2018 11:47 I Like It. | Report Abuse
I think the Market Maker is to provide liquidity in the counter only. It is upto the public to sell at lower or higher levels hence driving the prices. Fundamentals of the company is important and need to be analysed to see if there can be a growth story and what has been the performance and business model of the company.
50. Corporate IPO  Jan 27, 2018 11:01 I Like It. | Report Abuse
If Merchant Banking assignment already gone to Fedex why they have not filed DRHP again with their name? The DRHP filed here states Guiness. Hence it can be mis-leading to us investors.
49. High Flyer  Jan 26, 2018 14:27 I Like It. | Report Abuse
It seems Merchant Banking assignment gone from Guinness Securities (3 months back)to Fedex to handle Lorenzini
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