|
|
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.
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.
| 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
| IPO Opening Date | Jan 31, 2018 |
| IPO Closing Date | Feb 6, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 4,470,000 Eq Shares of ₹10 (aggregating up to ₹4.47 Cr) |
The Lorenzini Apparels IPO open date is Jan 31, 2018, and the close date is Feb 6, 2018. The issue may list on Feb 15, 2018.
| IPO Open Date | Jan 31, 2018 |
| IPO Close Date | Feb 6, 2018 |
| Basis of Allotment Date | Feb 9, 2018 |
| Initiation of Refunds | Feb 12, 2018 |
| Credit of Shares to Demat Account | Feb 14, 2018 |
| IPO Listing Date | Feb 15, 2018 |
The Lorenzini Apparels IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
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 2/6/2018 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) |
|---|---|
| NII | 1.40 |
| Retail | 2.00 |
| Total | 1.71 |
| Listing Date | Thursday, February 15, 2018 |
| BSE Script Code | 540952 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE740X01015 |
| IPO Price | ₹10 per equity share |
| Face Value | ₹10 per equity share |
|
|
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: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com
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 equity share. The minimum order quantity is 10000 Shares.
The IPO opens on Jan 31, 2018, and closes on Feb 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 Jan 31, 2018 and closes on Feb 6, 2018.
Lorenzini Apparels IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lorenzini Apparels IPO will be done on Feb 9, 2018, and the allotted shares will be credited to your demat account by Feb 14, 2018. Check the Lorenzini Apparels IPO allotment status.
Useful Articles
IPO Guru (2200+ Posts, 2300+ Likes)
Top Contributor (200+ Posts, 300+ Likes)
