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)|
|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
|Issue Open||Jan 31, 2018 - Feb 6, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||4,470,000 Eq Shares of Rs 10 |
(aggregating up to Rs 4.47 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 10 Per Equity Share|
|Market Lot||10000 Shares|
|Min Order Quantity||10000 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||Jan 31, 2018|
|Bid/Offer Closes On||Feb 6, 2018|
|Finalisation of Basis of Allotment||Feb 9, 2018|
|Initiation of Refunds||Feb 12, 2018|
|Credit of Shares to Demat Acct:||Feb 14, 2018|
|IPO Shares Listing Date:||Feb 15, 2018|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Feb 6, 2018 17:00
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