TCNS Clothing Co. Limited IPO (TCNS Clothing IPO) Detail

Jul 18, 2018 - Jul 20, 2018

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.

Company Promoters:

The Promoters of the Company are Onkar Singh Pasricha and Arvinder Singh Pasricha. The Promoters hold 21,378,245 Equity Shares constituting 37.93% of the Company's issued, subscribed and paid-up Equity Share capital.

Company Financials:

Summary of financial Information (Restated Standalone)
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)

Objects of the Issue:

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.

TCNS Clothing IPO Details

IPO Opening DateJul 18, 2018
IPO Closing DateJul 20, 2018
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price₹714 to ₹716 per equity share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE
Issue Size15,714,038 Eq Shares of ₹2
(aggregating up to ₹1,125.13 Cr)
Offer for Sale15,714,038 Eq Shares of ₹2
(aggregating up to ₹[.] Cr)

TCNS Clothing IPO Tentative Timetable

The TCNS Clothing IPO open date is Jul 18, 2018, and the close date is Jul 20, 2018. The issue may list on Jul 30, 2018.

IPO Open DateJul 18, 2018
IPO Close DateJul 20, 2018
Basis of Allotment DateJul 25, 2018
Initiation of RefundsJul 26, 2018
Credit of Shares to Demat AccountJul 27, 2018
IPO Listing DateJul 30, 2018

TCNS Clothing IPO Lot Size

The TCNS Clothing IPO market lot size is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹186,160).

ApplicationLotsSharesAmount (Cut-off)
Minimum120₹14,320
Maximum13260₹186,160

TCNS Clothing IPO Subscription Status (Bidding Detail)

The TCNS Clothing IPO is subscribed 5.22x times on Jul 20, 2018 18:25. The public issue subscribed 0.57x in the retail category, 13.47x in the QIB category, and 5.08x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

13.47x

NII

5.08x

RII

0.57x

Total

5.22x

TCNS Clothing IPO Prospectus

TCNS Clothing IPO Rating

450
3.5
Rating:Rated 3.5 stars

Vote Here ...

TCNS Clothing IPO Listing Date

Listing DateMonday, July 30, 2018
BSE Script Code541700
NSE SymbolTCNSBRANDS
Listing In
ISININE778U01029
IPO Price₹716 per equity share
Face Value₹2 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹716.00
₹715.00
₹626.60
₹724.50
₹657.80
1,330,610
NSE
₹716.00
₹716.00
₹627.55
₹725.00
₹659.15
11,496,820

TCNS Clothing IPO Reviews / Ratings

Company Contact Information

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/

TCNS Clothing IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: tcns.ipo@karvy.com
Website: https://karisma.kfintech.com/

TCNS Clothing IPO FAQs

  1. What is TCNS Clothing IPO?

    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 equity share. The minimum order quantity is 20 Shares.

    The IPO opens on Jul 18, 2018, and closes on Jul 20, 2018.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When TCNS Clothing IPO will open?

    The TCNS Clothing IPO opens on Jul 18, 2018 and closes on Jul 20, 2018.

  3. What is the lot size of TCNS Clothing IPO?

    TCNS Clothing IPO lot size is 20 Shares and the minimum order quantity is 20 Shares.

  4. How to apply for TCNS Clothing IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When TCNS Clothing IPO allotment?

    The finalization of Basis of Allotment for TCNS Clothing IPO will be done on Jul 25, 2018, and the allotted shares will be credited to your demat account by Jul 27, 2018. Check the TCNS Clothing IPO allotment status.

  6. When is TCNS Clothing IPO listing date?

    The TCNS Clothing IPO listing date is on Monday, July 30, 2018.

TCNS Clothing IPO Message Board

Ranked Members  Ranked Members

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286. RANJAN NK |Jul 31, 2018 17:54
Entering to List in market itself is big process, i dont think any company goes to cheat investors as their focus is create a brand by entering IPO.
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.

286.3. Athar |Aug 1, 2018 09:47
It is your perception. Good. But as per the details submitted in parliament only 67% percentage of the registered companies are doing well. Some of the companies are coming to public to cheat the investors . I am having 1200 shares of VINIYOGA CLOTHTEX Delhi based company allotted to me since 1994.I don't know that wheather the company is existing. What to do. If anybody knows the details of the company please let me know it
286.4. RANJAN NK |Aug 1, 2018 12:27
Iam new to the market and its my point of view.
When company going with their better business and profit why they want to cheat public.
it happiness sometimes like Neerav Modi case, their business was good but due to his own mistake public lost money.i seen few scrips like this Shilpi cable,Quick heal, monte etc
285. IPOANALYSIS |Aug 1, 2018 09:58
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
DHAn ki baat name should be changed to DHAn lootane ki baat . Lol. His all statements and arguments are illogical. Chittorgarh team please check his arguments and use of words illogical coming from an illogical person
284. Dhan Ki Baat |Jul 31, 2018 16:50
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ IPOANALYSIS

In a nutshell, cost of acquisition of shares by promoter/selling shareholder should not become criteria to value any company offerings
284.3. IPOANALYSIS |Jul 31, 2018 18:20
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
DHAn ki baat u started it and now u got taste of ur own medicine.
284.4. IPOANALYSIS |Jul 31, 2018 23:32
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Firstly my information posted has been correct and you are wrongly arguing . Now when listing has happened negative all ur Incorrect and dumb reasons to support the IPO price has been given a befit reply.now since u can't take that your argument was incorrect and my reasons were correct .now trying to change statements .dear check ur first statement it says that I have provide incorrect information and now u r saying that imean it is not a reason and does not matter if it's a ofs and the shareholder who invested just few years back has doubled the price now and that too a clothing company which are anyway struggling
283. IPOANALYSIS |Jul 31, 2018 18:27
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
It is quite clear now it has been dismal and bad listing .also do remember market condition were good. Imagine the listing price if market was not good. Also when most IPO have given listing gain and check the records. My first message itself clarified that they priced stock expensive and did not leave anything on table as it should price at discount with it peer as Arvind is cheaper . Also if matrix in 2016 -2017 had a price of 373 and now looking at exit does anyone really think a clothing company to price it's issue at 716 which is almost double price. Most of company listed below where cost of acquisition is low is either long time back and they collected money for business expansion and not shareholder exit. So DHAn ki baat now so it complete analysis properly as the listing price is a good answer. Even if I would not agree with anyone I would not use a word stupid but this guy forced me to write such things Ashe need to get taste of his own medicine
282. PKK |Jul 31, 2018 15:52
Discussing about acquisition of shares by the company promoters at very low price is very ir-relivant, I believe because they are promoters and they have liberty to do so.
Now come to the point of public offering by way is OFS or issuing new equity, they should leave some considerable amount for the public.
Take the example of D Matters, Shankara and many more like Bandhan Bank, they left a lot for public. They have also acquired the shares at very low price.
I may be wrong for some experts
281. IPOANALYSIS |Jul 31, 2018 14:39
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Please don't listen to such chaps DHAn ki Baar who have no knowledge in stock market. At that time he thought himself as being hero contradict my views when I clearly mention that how lead manager come to such high price when the share value cost to matrix happened only at 373 rs only recently and also is plan a exit. So why LM thought and come at high price at 716. He has been giving some non sense comments that it is ok to price. When u consider other cost of acquisition mostly they are not ofs but here it was part exit and that too at such price. Never listen to such people DHAn ki baat making nonsense comments
280. Earthking |Jul 30, 2018 23:05
Top Contributor Top Contributor (200+ Posts)
STEINBERG INDIA EMERGING OPPORTUNITIES FUND LTD bought good qty today ... @655
280.1. Earthking |Jul 30, 2018 23:08
Top Contributor Top Contributor (200+ Posts)
3,27,942 qty @ 655.06 totalling approximately 21.5 crores
280.2. AnkurGoel |Jul 31, 2018 12:04
Following are the holding of this fund. It does not has any star performer in its portfolio:

Wonderla Holidays Ltd.      
DCB Bank Ltd.      
Minda Corporation Ltd.      
Firstsource Solutions Ltd.      
Hindustan Media Ventures Ltd.
279. Bullbear |Jul 30, 2018 21:42
This forum warned against 40 pe high valuation of this competitive business share and advised to avoid which was reflected in only .33x rii subscription till the end of second day. Thanks to chittorgarh.com forum.
279.1. VIE |Jul 30, 2018 22:28
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
लालच का फल खराब होता है
278. Bullbear |Jul 30, 2018 21:33
Rii saved as they subscribed only 50%and 50 % of them followed 13x of qib and 5x of hni on last day. Rii are smarter then qib and hni
277. Gnsarda |Jul 30, 2018 14:11
Good punishment to Tcns and realisation to incoming IPOs
277.2. Doctor strange |Jul 30, 2018 20:06
only investers lost money...TCNS pro made huge money
277.3. OMi |Jul 30, 2018 21:04
Retail was subscribed very less.. some smart investors on this forum were advising to go for it in hope of 5% listing gain. hope they got their listing gain today.
276. IPO ANALYSTS ???? |Jul 30, 2018 20:38
Sold @702
275. AnkurGoel |Jul 30, 2018 20:34
Poor listing keeping in view that nifty gains 4-5 consecutive session after tcns book build closure. Suppose if market remains negative then it would be wealth destroyer on listing day.
274. VIE |Jul 30, 2018 19:20
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ Doctor strange,COMMONMAN
NOW EVEN QIB SUBSCRIPTION DATA WHICH INCLUDES MF, ARE NOT RELIABLE
TO MAKE THE IPO FLOAT THEY EVEN SUBSCRIBED TO ANY STOCK.RECENTLY SEBI ACTION AGAINST ICICI PRU MF FOR SUBSCRIBING THE IPO OF ICICI SEC. IS THE BIG LESSON FOR RETAILERS.

PLEASE READ THE OFFER DOCUMENT BEFORE INVESTING.

HAPPY INVESTING
274.1. Doctor strange |Jul 30, 2018 20:03
even we as investers knew about it...mf should be held accountable for buying such stocks..
273. DownriteVJ |Jul 30, 2018 10:13
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Booked some loss and got out of it
273.1. VIE |Jul 30, 2018 19:27
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
sahi kiya
272. VIE |Jul 30, 2018 12:19
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@SJ
I DONT THINK IT WILL HIT LOWER CIRCUIT.
BUT IF IT HIT IT THEN IT AN EYE OPENER FOR ALL I. E. RETAILERS PROMOTERS LM ETC????????????????.
272.1. SJ |Jul 30, 2018 12:35
IPO Guru IPO Guru (1000+ Posts, 2300+ Likes)
Promoters should be shameful for such a high price.Why not promoters ask such a high price when investors blindly applying every IPOs w/o checking background and fundamentals.
Citi & Kotak are popular names in manipulating prices.Watch CNBC and mark their words.They do exactly opp. like S.P Tulsian in secondary market.
I think this is one of the worst IPO of 2018-2019 with (-10%) fall on first day itself.
272.2. VIE |Jul 30, 2018 19:25
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Its just a beginning other IPO are also in waiting like insurance companies IPO etc
271. VIE |Jul 30, 2018 19:22
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ MOHIT JAIN
NII MAY ALSO BE SELLING AS THERE IS INTEREST COST INVOLVED IN IT.
270. VIE |Jul 30, 2018 19:07
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ Gnsarda
RETAILERS ARE FOOLED BY PROMOTERS AND EVEN SAME WILL HAPPEN IN FUTURE ALSO.UNTIL AND UNLESS RETAILERS AVOID THESE TYPE OF IPO PROMOTERS MAKE MONEY AT THE COST OF RETAILERS.
270.1. VIE |Jul 30, 2018 19:11
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
MANY ADVISED AVOID FOR THIS IPO BUT STILL IT WAS SUBSCRIBED BY 0.67
TIMES I.E. 264.13 CRORE WAS INVESTED BY RETAILERS OUT OF ISSUE SIZE OF 1125 CR.
269. Doctor strange |Jul 30, 2018 15:23
As i had posted earlier i will make loss even without investing ..thanks to stupid mf in which we invest money and they invest in such stocks...lost my trust in mf industry after ICICI sec IPO.
dont know what they see in such Ipo ...
269.1. COMMONMAN |Jul 30, 2018 17:26
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
True ..
I Invested In Sundaram Emerging Small cap 1 & They Were Anchor Investor.
When It was clearly visible that it is highly prised... I have To Bear loss via MF.
269.2. Doctor strange |Jul 30, 2018 17:56
@commonmen...agree ..
268. PearlRohit |Jul 30, 2018 13:29
INDIA ME BAHOT SE LOG AIESE HAI JIN KE LIYE RS. 15000 KA INVESTMENT KOI BADI BAT NAHI HAI. AEISE LOG AEISE TCNS CLOTHING JAISE IPO BHARTE HAI. AUR LALCHI PROMOTER KA KAM HO JATA HAI. LEKIN JIN KE LIYE RS. 15000 KA MULYA HAI, JIN LOGO KE LIYE RS. 15000 BADI AMOUNT HAI UN LOGO KO AESE IPO SE HAMESHA DOOR HI RAHNA CHAHIYE. BINA LALCH AUR RISK LENA NAHI CHAHIYE
268.1. Doctor strange |Jul 30, 2018 15:46
we did not invedt ...but what about mf house in which we invest in such stocks ..
267. MOHIT JAIN |Jul 30, 2018 15:14
Retailers are undersubscribed then why too much selling pressure.
267.1. AhireR |Jul 30, 2018 15:43
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
greedy promoters selling in secondary mrkt







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