₹199.84 Crores | Listing at BSE | Thu, Mar 4, 2021 - Thu, Mar 18, 2021
Arvind Fashions Limited Rights Issue comprises 1.48 Cr equity shares aggregating to ₹199.84 Cr, offered at an issue price of ₹135 per share with a face value of ₹4 per share.
The record date for determining eligible shareholders is Feb 24, 2021, with the Rights Issue being offered in the entitlement ratio of 3:20.
As per the terms of payment, ₹135 per share payable on application, with the balance payable in call(s).
The Rights Issue opens on Mar 4, 2021, and closes on Mar 18, 2021, with renunciation of Rights Entitlements permitted up to Mar 12, 2021.
The deemed date of allotment is Mar 25, 2021, following which the equity shares are expected to be credited to demat accounts on Mar 26, 2021 and listed on the BSE on Mar 31, 2021.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Arvind Fashions Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Feb 24, 2021
Entitlement Ratio
3 : 20
Open Date
Thu, Mar 4, 2021
Close Date
Thu, Mar 18, 2021
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 4,451.24 | 3,524.34 | |
| Total Revenue | 3,926.08 | 4,647.99 | |
| Profit After Tax | (399.36) | 21.48 | |
Incorporated in 2016, Arvind Fashions Limited (AFL) is engaged in the business of designing, sourcing, marketing, and selling a wide portfolio of men's, women's, and kids branded readymade apparel, footwear, innerwear, beauty products, and other accessories.
AFL is known to define India's fashion quotient and is a leading player and has a strong portfolio of owned and licensed international brands that include U. S. Polo Assn, Arrow, Tommy Hilfiger, Flying Machine, Calvin Klein, Unlimited, etc. The company commands a leadership position in the men's premium casual wear and denim categories and is a dominant player in premium kids wear and innerwear categories.
AFL has a strong presence across the country. AFL serves its customer through a range of distribution channels that include more than 1,200 Exclusive Brand Outlets (EBOs), more than 14,000 Multi-Brand Outlets (MBOs), and more than 3,400 Large Format Stores (LFS). The company also has a small presence in international markets in the Middle East and South Asian countries that include UAE, Sri Lanka, etc.
AFL has a dedicated in-house design and merchandising team of approximately 136 members as of December 31, 2020. The company is led by an experienced professional management team that has vast experience in FMCG, lifestyle brands, retail industries, finance, operations, and supply chain in diverse industries.
[Dilip Davda] Considering the last 21 months financial data, the company is showing declined top line and higher losses resulting in negative P/E for the right issue pricing. The segment is highly competitive with many domestic and MNC in the fray. Based on the latest performance, the issue is priced aggressively. Hence cash surplus risk savvy investors may consider investing in this right issue at their own risk. Read detail review...
Arvind Fashions Limited
Main Building, Arvind Limited Premises,
Naroda Road, Ahmedabad – 380 025,
Gujarat, India.
Indi, Karnataka, 380025
The Arvind Fashions Rights Issue opens on Thu, Mar 4, 2021, and closes on Thu, Mar 18, 2021.
Arvind Fashions Rights Issue Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Mar 12, 2021 |
| Issue Opening Date | Thu, Mar 4, 2021 |
| Issue Closing Date | Thu, Mar 18, 2021 |
| Date of Allotment (on or about) | Thu, Mar 25, 2021 |
| Date of Credit (on or about) | Fri, Mar 26, 2021 |
| Date of Listing (on or about) | Wed, Mar 31, 2021 |
You can apply for Arvind Fashions Rights Issue in two ways:
Steps to apply for Arvind Fashions Rights Issue using Net Banking (ASBA)
Steps to apply for Arvind Fashions Rights Issue using Registrar's website (R-WAP)
