Tubeknit Fashions Limited IPO (Tubeknit IPO) Detail

Feb 21, 2007 - Mar 2, 2007

Tubeknit Fashions Limited is leading manufacturer and exporter of hosiery garments for about two decades. Tubeknit caters to the demand of leading International brands.

Tubeknit manufacturing facilities are spread across 4 locations, in and around Tirupur.

The knitted garments manufactured by Tubeknit caters to various segments in terms of age (babies /toddlers / youngsters / adults etc.), sex and usage (casual, sports wear, sweat shirts, pullovers etc.).

Tubeknit has diversified customer base with concentration on the EU market. Tubeknit exports its products to various markets, including Europe and the United States. It sells its products to stores and other brands in United Kingdom, Netherlands, Germany, France and Denmark. Tubeknit relationship with key customers span over last 8 to 10 years.

TFL has a track record of consistent growth at a CAGR of 23.40% from 1999 to 2004. For FY06, it posted a turnover of Rs 155.83 cr. with net profit of Rs 8.93 cr. for the nine months period ended 31st December 2006, it posted a turnover of Rs 101.17 cr. with net profit of Rs 6.24 cr.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. To part fund the Expansion Project;
2. To meet the working capital requirements for the Expansion Project.

Tubeknit IPO Details

IPO Opening Date	Feb 21, 2007
IPO Closing Date	Mar 2, 2007
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹90 to ₹108 per equity share
Market Lot	50 Shares
Min Order Quantity	50 Shares
Listing At	BSE, NSE
Issue Size	4,275,000 Eq Shares of ₹10 (aggregating up to ₹46.17 Cr)

Tubeknit IPO Lot Size

The Tubeknit IPO market lot size is 50 shares. A retail-individual investor can apply for up to 37 lots (1850 shares or ₹199,800).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	50	₹5,400
Maximum	37	1850	₹199,800

IPO Notices

Revision in Tubeknit Fashions Ltd. Book Building Issue (Source NSE):

Book Running Lead Manager to the issue has informed the Exchange that the issue will close on March 02, 2007 instead of the earlier closing day of February 27, 2007. Further price band has been revised from Rs.100/- to Rs.120/- per share to Rs.90/- to Rs.108/- per share.

Tubeknit IPO Subscription Status (Bidding Detail)

The Tubeknit IPO is subscribed 0.07x times on Mar 2, 2007 17:00. The public issue subscribed 0.21x in the retail category, 0.00x in the QIB category, and 0.03x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total	0.07x

Tubeknit IPO Prospectus

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Tubeknit IPO Rating

2.4

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Company Contact Information

Tubeknit Fashions Limited
Tubeknit Fashions Limited,
SF No 137 Kancheevaram Nallur,
Tiruppur, India

Phone: +91 421 2424173
Email: investor@tubeknitfashions.com
Website: http://www.tubeknitfashions.com

Tubeknit IPO Registrar

Cameo Corporate Services Limited
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/

Tubeknit IPO Lead Manager(s)

Systematix Corporate Services Limited

Lead Manager Reports

Tubeknit IPO FAQs

What is Tubeknit IPO?

Tubeknit IPO is a main-board IPO of 4,275,000 equity shares of the face value of ₹10 aggregating up to ₹46.17 Crores. The issue is priced at ₹90 to ₹108 per equity share. The minimum order quantity is 50 Shares.

The IPO opens on Feb 21, 2007, and closes on Mar 2, 2007.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Tubeknit IPO will open?

The Tubeknit IPO opens on Feb 21, 2007 and closes on Mar 2, 2007.
What is the lot size of Tubeknit IPO?

Tubeknit IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
How to apply for Tubeknit IPO?

You can apply in Tubeknit 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.
When Tubeknit IPO allotment?

The finalization of Basis of Allotment for Tubeknit IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tubeknit IPO allotment status.
When is Tubeknit IPO listing date?

The Tubeknit IPO listing date is not yet announced. The tentative date of Tubeknit IPO listing is [.].

Tubeknit IPO Message Board

Ranked Members

8. V.K.CHAWLA |May 27, 2007 01:37

Unfortunately I got trapped in ipo of Tubeknit Fashions ltd.surprisingly the refund order is not payable at par at delhi .
Will someone explain how it is possible .
How sebi had allowed it ... no body from cameo , its regisrar , banker , uti bank , icici bank , company it self, sebi, nse,bse is explaining this phenomenon

7. gupta |Mar 5, 2007 00:41

What will happen to the issue, since it is undersubscribed even after revision of price?

6. sumanta dey |Feb 26, 2007 01:31

guys, see power finance,first sources ,what expected and what happened.see cinemax gone to 144
sheet .... getting furstreted ...no ipo this time it is overfloded .
if at all want to inverst go for power finance at this level ,will give @ 100 % return in 3-4 months.

5. sg |Feb 25, 2007 04:05

not good issue

better to be cautious

4. Dhaval |Feb 21, 2007 21:07

GOOD IPO TO INVEST. GET 60% LISTING GAIN

3. Rahul |Feb 21, 2007 01:44

Thanks a lot guyz for this word of caution...
I waz thinkin of going for this IPO after overlooking all the advice I had from ppl around here. But I think this script may underperform after listing.... So I am out of the game. Suggesting you same.

2. Noel |Feb 20, 2007 07:46

I have applied many companies shares in IPO. But alloted only Cairn and House of peral. Both companies shares are gone down. so no for ipo. I will try my luck in secondary market.

1. LALIT |Feb 15, 2007 10:40

it will be a good issue to subscribe GOOD COMPANY...listing will be in mid of march so by that time all correction in the market will be over if there is any due to budget or any reasons...

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