|
|
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
| IPO Date | Jan 31, 2018 to Feb 6, 2018 |
| Listing Date | Thursday, February 15, 2018 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Issue Size | 4,470,000 shares of ₹10 (aggregating up to ₹4.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| 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. |
Lorenzini Apparels IPO opens on Jan 31, 2018, and closes on Feb 6, 2018. The Lorenzini Apparels IPO bid date is from Jan 31, 2018 10.00 A.M. to Feb 6, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jan 31, 2018 |
| Closing Date | Feb 6, 2018 |
| Basis of Allotment | Feb 9, 2018 |
| Initiation of Refunds | Feb 12, 2018 |
| Credit of Shares to Demat | Feb 14, 2018 |
| Listing Date | Feb 15, 2018 |
The Lorenzini Apparels IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 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 Feb 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 share |
| Face Value | ₹10 per 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: 02228511022
Email: virenr@skylinerta.com
Website: https://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 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 .
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
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
|
|
IPO Guru (2500+ Posts, 2700+ Likes)
Top Contributor (300+ Posts, 300+ Likes)
