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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.
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.
| 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) |
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 |
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.
The Tubeknit IPO is subscribed 0.07 times on Mar 2, 2007 17:00. The public issue subscribed 0.21 in the retail category, 0.00 in the QIB category, and 0.03 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
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
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/
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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.
The Tubeknit IPO opens on Feb 21, 2007 and closes on Mar 2, 2007.
Tubeknit IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
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.
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.
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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