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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

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 Size4,470,000 Eq Shares of ₹10
(aggregating up to ₹4.47 Cr)

Lorenzini Apparels IPO Tentative Timetable

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

Lorenzini Apparels IPO Lot Size

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

Lorenzini Apparels IPO Review

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...

Lorenzini Apparels IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII1.40
Retail2.00
Total1.71

Lorenzini Apparels IPO Prospectus

Lorenzini Apparels IPO Rating

205
4.0
Rating:Rated 4.0 stars
Vote Here ...

Lorenzini Apparels IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹10.20
₹8.25
₹10.20
₹9.25

Company Contact Information

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/

Lorenzini Apparels IPO Registrar

Skyline Financial Services Private Ltd

Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Lorenzini Apparels IPO Reviews / Ratings

Lorenzini Apparels IPO Lead Manager(s)

Lorenzini Apparels IPO FAQs

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.

The Lorenzini Apparels IPO listing date is on Thursday, February 15, 2018.

Lorenzini Apparels IPO Message Board

Ranked Members  Ranked Members

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96 Comments

68. anurag vijayvergiya |Apr 3, 2018 2:15:44 PM
How do u know sir that the stock price will go up in April 2018 ..it's already been started and stock price still at same rate
67. Nagaraj SV |Mar 13, 2018 10:28:37 AM
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 8:31:10 PM
Hi
what is happening with this stock? Is it traded everyday?
65. surprit |Feb 15, 2018 5:02:22 PM
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 6:23:47 PM
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 9:51:58 AM
Listed at discount quoting at around Rs..8
63. Avanish swami |Feb 14, 2018 5:49:30 PM
Tomorrow listing please tell me listing price
62. Nagaraj SV |Feb 12, 2018 3:32:17 PM
Hi All,

Has anyone got the allotment of this IPO?? What will be the listing price of this?
62.1. SDP |Feb 14, 2018 2:05:35 PM
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 10:52:13 PM
IPO Guru IPO Guru (2200+ Posts, 2300+ Likes)
AVOID
60. Syed Naqvi |Feb 5, 2018 8:01:52 PM
pls share the current subscription status. Thanks
59. Gainer |Feb 2, 2018 2:16:17 PM
Avoid/Buy?
59.1. DownriteVJ |Feb 5, 2018 5:50:32 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid
58. harit |Jan 31, 2018 5:53:21 PM
IPO Guru IPO Guru (1800+ Posts, 3100+ Likes)
Apply or avoid??
58.1. DownriteVJ |Feb 5, 2018 5:50:09 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid
57. Jon snow |Feb 2, 2018 9:07:49 PM
change of opinion after bloodbath today ? apply or avoid ?
57.1. DownriteVJ |Feb 5, 2018 5:49:59 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid
56. High Flyer |Jan 26, 2018 3:24:56 PM
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 3:10:05 PM
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 9:10:07 AM
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 8:30:59 AM
Check Latest updated subscription detail here.
http://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_FPO.aspx?Scripcode=3603
54. SHANI |Jan 29, 2018 5:58:36 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
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 8:50:16 PM
This message has been removed by a moderator.
53.2. SDK |Jan 28, 2018 2:17:45 PM
100% agree
53.3. coolaks |Jan 29, 2018 11:47:31 AM
Hi Sectheta whats your view on this sme? seems attractive to me
52. Neha Bakshi |Jan 27, 2018 6:30:51 PM
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 28, 2018 12:04:48 AM
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 12:47:37 PM
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 12:01:11 PM
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 3:27:54 PM
It seems Merchant Banking assignment gone from Guinness Securities (3 months back)to Fedex to handle Lorenzini