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TCNS Clothing IPO is a book built issue of Rs 1,125.13 crores. The issue is entirely an offer for sale of 1.57 crore shares.
TCNS Clothing IPO bidding started from July 18, 2018 and ended on July 20, 2018. The allotment for TCNS Clothing IPO was finalized on Wednesday, July 25, 2018. The shares got listed on BSE, NSE on July 30, 2018.
TCNS Clothing IPO price band is set at ₹714 to ₹716 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹14,320.
Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the TCNS Clothing IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to TCNS Clothing IPO RHP for detailed information.
| IPO Date | July 18, 2018 to July 20, 2018 |
| Listing Date | July 30, 2018 |
| Face Value | ₹2 per share |
| Price Band | ₹714 to ₹716 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 15,714,038 shares (aggregating up to ₹1,125.13 Cr) |
| Offer for Sale | 15,714,038 shares of ₹2 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
TCNS Clothing IPO offers 15,984,038 shares. 3,412,808 (21.35%) to QIB, 2,357,106 (14.75%) to NII, 5,499,914 (34.41%) to RII 4,714,210 (29.49%) to Anchor investors. 274,995 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 280 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,714,210 (29.49%) | NA |
| QIB Shares Offered | 3,412,808 (21.35%) | NA |
| NII (HNI) Shares Offered | 2,357,106 (14.75%) | |
| Retail Shares Offered | 5,499,914 (34.41%) | 274,995 |
| Total Shares Offered | 15,984,038 (100%) |
TCNS Clothing IPO opens on July 18, 2018, and closes on July 20, 2018.
| IPO Open Date | Wednesday, July 18, 2018 |
| IPO Close Date | Friday, July 20, 2018 |
| Basis of Allotment | Wednesday, July 25, 2018 |
| Initiation of Refunds | Thursday, July 26, 2018 |
| Credit of Shares to Demat | Friday, July 27, 2018 |
| Listing Date | Monday, July 30, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 20, 2018 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,320 |
| Retail (Max) | 13 | 260 | ₹186,160 |
| Lot Size Calculator | |||
Incorporated in 1997, Delhi based TCNS Clothing Co. Limited is a company engaged in the business of designing, manufacturing, marketing and retailing of branded apparels for women. According to Technopak, as of November 2017, it was India's leading women's branded apparel company in terms of the total number of exclusive brand outlets.
TCNS offers top-wear, bottom-wear, drapes, combo-sets and accessories etc., catering to the varied wardrobe requirements of Indian women. Company's brand portfolio includes 3 brands:
1. 'W' - A premiere brand targeted at women's casual and workwear requirements. 'W' has been recognized as Most Admired Fashion Brand in category 'Women's Indian Wear' by India Fashion Forum for 3 consecutive years between 2015 to 2017.
2. Aurelia - A contemporary ethnic wear brand that grew in revenue at a CAGR of 70.82% during 2013-17.
3. Wishful - A premium occasion wears brand that grew in revenue at a CAGR of 66.66% during 2013-17.
TCNS has established a diversified retail presence through multiple distribution channels spread across 31 states and Union Territories. The company sells its products through:
� 465 exclusive brand outlets
� 1,469 large format store outlets
� 1,522 multi-brand outlets
� 6 exclusive outlets in Nepal, Mauritius, and Sri Lanka
It also sells its products through its website and other online retailers.
The company's total revenue for Fiscal 2018 was Rs 8,491.57 million. It grew at 31.89% CAGR between Fiscals 2016 and 2018. The comprehensive income and EBITDA was Rs 977.67 million and Rs 1,837.18 million, respectively, for Fiscal 2018.
TCNS has 3,086 employees on its payroll including a design team of 37 employees and retail staff of 2,887 employees. The company also has 301 personnel engaged on a contractual basis.
Strengths of the Company are:
1. Strong brands give it a lead in the spacious organized market.
2. Pan India multi-channel distribution network gives it access to underpenetrated markets.
3. Rich product portfolio with a wide range of design and fits to cater to the changing trends in customers buying behavior.
4. Institutionalized and creative product design process allows it to quickly launch new products and refresh its product offerings according to changing preferences of customers.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 (Proforma) | ||||
| Total Assets | 5,763.59 | 4,258.04 | 3,087.843 | |||
| Total Revenue | 8,491.57 | 7,129.73 | 4,881.35 | |||
| Profit After Tax | 980.97 | 157.97 | (414.96) | |||
The objects of the Offer are-
1. Sale of up to 15,714,038 Equity Shares by the Shareholders.
2. Boost the visibility and brand image of the company.
3. Provide a public market for the shares of the company.
The Company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholders.
[Dilip Davda] As the segment is shifting from unorganized to organized play with GST, this company is having bright prospects ahead. Being first mover in the segment, it may catch fancy going forward. As issue appears fully priced, Investors may consider investment for long term rewards. Read detail review...
The TCNS Clothing IPO is subscribed 5.22 times on July 20, 2018 6:25:00 PM. The public issue subscribed 0.57 times in the retail category, 13.47 times in the QIB category, and 5.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 13.47 |
| NII | 5.08 |
| Retail | 0.57 |
| Total | 5.22 |
| Listing Date | July 30, 2018 |
| BSE Script Code | 541700 |
| NSE Symbol | TCNSBRANDS |
| ISIN | INE778U01029 |
| Final Issue Price | ₹716 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹716.00 |
| ₹715.00 |
| ₹626.60 |
| ₹724.50 |
| ₹657.80 |
| NSE |
|---|
| ₹716.00 |
| ₹716.00 |
| ₹627.55 |
| ₹725.00 |
| ₹659.15 |
TCNS Clothing Co. Limited
Unit No. 112, F/F Rectangle 1
D-4, Saket, District Centre,
New Delhi 110 017, India
Phone: +91 11 4057 8384
Email: investors@tcnsclothing.com
Website: http://www.wforwoman.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: tcns.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
TCNS Clothing IPO is a main-board IPO of 15,714,038 equity shares of the face value of ₹2 aggregating up to ₹1,125.13 Crores. The issue is priced at ₹714 to ₹716 per share. The minimum order quantity is 20 Shares.
The IPO opens on July 18, 2018, and closes on July 20, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The TCNS Clothing IPO opens on July 18, 2018 and closes on July 20, 2018.
TCNS Clothing IPO lot size is 20 Shares, and the minimum amount required is ₹14,320.
You can apply in TCNS Clothing 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for TCNS Clothing IPO will be done on Wednesday, July 25, 2018, and the allotted shares will be credited to your demat account by Friday, July 27, 2018. Check the TCNS Clothing IPO allotment status.
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iam not a analyst and may bcz of high price and low subscription effected to this stock itseems. i have 40 shares now and why cant we wait for good news from TCNS like good result or good deals.