TCNS Clothing Co. Limited IPO
Mainboard
₹ 14320 /20 Shares
18 Jul, 2018
Open Date20 Jul, 2018
Close Date26 Jul, 2018
Allotment Date30 Jul, 2018
Listing DateIPO Issue Details
- Issue Price Rs 714/- to Rs 716/- Rs Per Equity Share
- Face Value Rs 2 Per Equity Share
- Issue Price Offer for Sale of 1,57,14,038 Equity Shares of Rs 2 each at price of Rs 714 - Rs 716 aggregating up to Rs 1125.12 Cr
- Listing at NSE, BSE ( B-Group )
- Lead Manager Kotak Mahindra Capital Company Limited and Citigroup Global Markets India Private Limited
- Registrar Karvy Computershare Private Limited
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹714 - 716 per equity share, which has a face value of Rs 2 Per Equity Share each, IPO bidding starts from Jul 18, 2018 and ends on Jul 20, 2018. The allotment for IPO will be finalized on Jul 26, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 30, 2018. The company shall list its equity shares on the NSE, BSE ( B-Group ). Karvy Computershare Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited and Citigroup Global Markets India Private Limited.
The IPO sets its price band at 714 - 716 for each share. A single application for TCNS Clothing Co. Limited IPO must contain at least 20 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 31,42,808 | 23,57,106 | 54,99,914 | 1,09,99,828 |
|
Day 1
18-07-18
|
9,03,640 0.29 x | 17,320 0.01 | 1,54,920 0.03 x | 10,75,880 0.10 x |
|
Day 2
19-07-18
|
2,19,97,700 7.00 x | 2,05,060 0.09 | 4,05,980 0.07 x | 2,26,08,740 2.06 x |
|
Day 3
20-07-18
|
4,23,27,060 13.47 x | 1,19,63,760 5.08 | 32,43,860 0.59 x | 5,75,34,680 5.23 x |
|
Day 4
21-03-18
|
N/A x | N/A x | N/A x |
Valuations
IPO - Issue Objectives
To carry out the disinvestment of 1,57,14,038 Equity Shares by the Selling Shareholder.
To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| TCNS Clothing Co. Limited | 9.35 | 46.48 | 22.74% | 849.16 |
| Page Industries | 37.85 | 92.43 | 40.95% | 2573.50 |
| Aditya Birla Fashion andRetail | 9.77 | 90.42 | 10.81% | 7214.22 |
| Future Lifestyle Fashions | 5.89 | 70.34 | 8.38% | 4532.32 |
| Kewal Kiran Clothing Limited | 4.32 | 23.54 | 18.34% | 483.01 |
IPO - FAQs
Ans. TCNS Clothing Co. Limited IPO is a Mainboard IPO. The issue is priced at Rs 714/- to Rs 716/- Rs Per Equity Share . The minimum order quantity is 20 Shares. The IPO opens on Jul 18, 2018, and closes on Jul 20, 2018. Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE ( B-Group ).
Ans. The TCNS Clothing Co. Limited IPO opens on Jul 18, 2018 and closes on Jul 20, 2018.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of TCNS Clothing Co. Limited IPO is Offer for Sale of 1,57,14,038 Equity Shares of Rs 2 each at price of Rs 714 - Rs 716 aggregating up to Rs 1125.12 Cr.
Ans. The TCNS Clothing Co. Limited IPO price band is set between Rs 714/- to Rs 716/- Rs Per Equity Share .
Ans. To apply for TCNS Clothing Co. Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find TCNS Clothing Co. Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of TCNS Clothing Co. Limited IPO is Jul 26, 2018.
Ans. The TCNS Clothing Co. Limited IPO will be listed on Jul 30, 2018.
Ans. Follow the steps to check the TCNS Clothing Co. Limited IPO allotment status online.
