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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.
| Issue Open | Mar 4, 2021 - Mar 18, 2021 |
| Security Name | Arvind Fashions Limited |
| Issue Size (Shares) | 1.48 Crores |
| Issue Size (Amount) | ₹199.84 Crores |
| Issue Price | ₹135 per share |
| Face Value | ₹4 per share |
| Minimum Lot size | |
| Market Lot | 1 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 |
| Bid/Offer Opens On | Mar 4, 2021 |
| Bid/Offer Closes On | Mar 18, 2021 |
| Record Date | Feb 24, 2021 |
| Deemed Date of Allotment | Mar 25, 2021 |
| Renunciation of Rights Entitlements | Mar 12, 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 | |
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.
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Arvind Fashions Limited
Main Building, Arvind Limited Premises,
Naroda Road, Ahmedabad – 380 025,
Gujarat, India.
Phone: +91-79-30138000
Email: investor.relations@arvindbrands.co.in
Website: https://www.arvindfashions.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: afl.rights2021@linkintime.co.in
Website: http://www.linkintime.co.in
The Arvind Fashions Rights Issue opens on Mar 4, 2021, and closes on Mar 18, 2021.
Arvind Fashions Rights Issue Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mar 12, 2021 |
| Issue Opening Date | Mar 4, 2021 |
| Issue Closing Date | Mar 18, 2021 |
| Date of Allotment (on or about) | Mar 25, 2021 |
| Date of Credit (on or about) | Mar 26, 2021 |
| Date of Listing (on or about) | Mar 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 (Feb 24, 2021).
The record date for the Arvind Fashions Rights Issue is Feb 24, 2021.
The issue size of Arvind Fashions Rights Issue is of 1.48 Crores 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:
Steps to apply for Arvind Fashions Rights Issue using Net Banking (ASBA)
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)
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
