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Arvind Fashions Limited Rights Issue (Arvind Fashions Rights Issue) Detail

March 4, 2021 - March 18, 2021
Arvind Fashions Limited Logo

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.

Arvind Fashions Rights Issue Detail

Issue Open March 4, 2021 - March 18, 2021
Security Name Arvind Fashions Limited
Issue Size (Shares) 14,802,856
Issue Size (Amount) ₹199.84 Crores
Issue Price ₹135 per share
Face Value ₹4 per share
Listing At BSE
Terms of Payment On Application, Investors will have to pay Rs 70 per Rights Equity Share (~52% of the Issue Price). The balance of Rs 65 per Rights Equity Share (~48% of the Issue Price) will have to be paid in the first and final call at such time as may be determined by the Company Board at its sole discretion.
Entitlement 3 Rights Equity Share for every 20 Fully Paid-up equity shares held on the Record Date

Arvind Fashions Rights Issue Issue Timetable

Record Date February 24, 2021
Credit of Rights Entitlements
Bid/Offer Opens On March 4, 2021
Renunciation of Rights Entitlements March 12, 2021
Bid/Offer Closes On March 18, 2021
Deemed Date of Allotment March 25, 2021
Credit Date March 26, 2021
Listing Date March 31, 2021

Company Financials

Summary of financial Information (Consolidated)
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

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards: i) Full or part prepayment/repayment of certain borrowings availed by the Company. ii) Full or part repayment/repayment of certain borrowings availed by the Company's wholly-owned subsidiary - Arvind Lifestyle Brands Limited. iii) General corporate purposes.

Arvind Fashions Rights Issue Documents

Arvind Fashions Rights Issue Rating

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Arvind Fashions Rights Issue Reviews

Company Contact Information

Arvind Fashions Limited
Main Building, Arvind Limited Premises,
Naroda Road, Ahmedabad – 380 025,
Gujarat, India.

Phone: +91-79-30138000

Arvind Fashions Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270

Arvind Fashions Rights Issue Lead Manager(s)

Arvind Fashions Rights Issue FAQs

The Arvind Fashions Rights Issue opens on March 4, 2021, and closes on March 18, 2021.

Arvind Fashions Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMarch 12, 2021
Issue Opening DateMarch 4, 2021
Issue Closing DateMarch 18, 2021
Date of Allotment (on or about)March 25, 2021
Date of Credit (on or about)March 26, 2021
Date of Listing (on or about)March 31, 2021

Arvind Fashions Rights Issue price is set at ₹135 per share per equity share.

The eligible shareholders are being offered 3 Rights Equity Share for every 20 Fully Paid-up equity shares held on the Record Date (February 24, 2021).

The record date for the Arvind Fashions Rights Issue is February 24, 2021.

The issue size of Arvind Fashions Rights Issue is of 14,802,856 equity shares at ₹135 per share aggregating upto ₹199.84 Crores.

The Letter of Offer for Arvind Fashions Rights Issue can be download here.

You can apply for Arvind Fashions Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Arvind Fashions Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Arvind Fashions Rights Issue available on the list.
  4. Click the Apply button next to the Arvind Fashions Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Arvind Fashions Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Arvind Fashions Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.


5. masoom     Link|April 30, 2021 11:16:37 AM
arvind fashion - when is the balance 65 Rs. to be paid to company ??
4. Ojhaa     Link|March 26, 2021 2:58:28 PM
Amount dr today, good stock for long term
3. masoom     Link|March 8, 2021 9:17:32 AM
don't allow to buy from open market in icicidirect.
3.1. IPO Mitr     Link|March 12, 2021 2:00:22 PM
Shitty brokerage. ICICIDirect is not allowing to buy it from open market and there is no reason given. One feel crazy at arbitrariness in ICICIDirect.

Just avoid this brokerage. Absolutely no reason to pay premium brokerage charges
2. masoom     Link|March 8, 2021 8:53:15 AM
not allowed to buy rights from open market
1. masoom     Link|March 5, 2021 9:03:14 AM
company management is playing with big brokers to only buy these rights issue and small investors are not llowed to buy..big game being played...sebi is all about money all cheaters in sebi and government officers.
1.1. IPO Mitr   I Like It. 1|  Link|March 6, 2021 11:44:10 PM
Please explain what kind of game. IMO, if you have shares, you will get rights and if you have rights you can buy shares at price of rights issue.Who is stopping retail investors in exercising their rights and how?

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