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Company background:

TCNS Clothing Co. Limited is a Delhi based India's leading women's branded apparel company in terms of the total number of exclusive brand outlets as of November 2017, according to Technopak. The company design, manufacture, market, and retail a wide portfolio of women's branded apparel across multiple brands. It sells its products across India and through multiple distribution channels. Companies product portfolio includes top‐wear, bottom‐wear, drapes, combinationsets and accessories that caters to a wide variety of the wardrobe requirements of the Indian woman, including every‐day wear, casual wear, work wear and occasion wear.

Object of the Issue

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of up to 15,714,038 Equity Shares by the Selling Shareholders. Further, the Company expects that listing of the Equity Shares will enhance its visibility and brand image and provide liquidity to its shareholders. Listing will also provide a public market for the Equity Shares in India. The Company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholders, in proportion to the Equity Shares offered and sold by the respective Selling Shareholders in the Offer for Sale.

Peer Group Company

  • Page Industries
  • Aditya Birla Fashion and Retail
  • Future Lifestyle Fashions
  • Kewal Kiran Clothing Limited

Issue Highlights:

  • Issue opens: Wednesday, July 18, 2018
  • Issue closes: Friday, July 20, 2018
  • Price Band: Rs.714/- to Rs.716/-
  • Bid Lot: 20 Equity Shares and in multiples thereafter
  • Face Value: Rs.2/-
  • Listing: BSE & NSE
  • Registrar: Karvy Computershare Private Limited
  • Issue Size: Up to 15,714,038 Equity Shares (Rs. 1,122 Crs at Lower Band ‐ Rs. 1,125 Crs a Upper Band )

Offer Break up

Category Issue Size Allocation Equity share Issue Size (Rs. in Crs)
Lower Band
Issue Size (Rs. in Crs)
Upper Band
QIB 50% 3832496 298.93 300.08
NIB 15% 1149750 89.68 90.03
Retail 35% 2682748 209.25 210.06
Total 100% 7664994 597.87 600.17

Summary Statement of Profit and Losses, as restated (Rs. In Million)

Particulars Year Ended March 31, 2018 Year Ended March 31, 2017
Total Income 8491.57 7129.73
Total Expenditure 7043.29 6506.12
Profit Before Tax 1448.28 623.61
Profit after Tax 980.97 157.97
EPS (Basic) 16.12 2.67
EPS (Diluted) 15.36 2.61
RONW% 22.74 5.6

Retail Payment Chart

Issue Dates: 18-July-18 to 20-July-18, Cut off Price : Rs.716 Per Share

No. of Shares Amount
20 14320
40 28640
60 42960
80 57280
100 71600
120 85920
140 100240
160 114560
180 128880
200 143200
220 157520
240 171840
260 186160

Indicative dates

Event Indicative Date
Finalisation of Basis of Allotment with the Designated Stock Exchange On or about July 25, 2018 (Wednesday)
Initiation of refunds (if any, for Anchor Investors) / unblocking of funds from ASBA Account On or about July 26, 2018 (Thursday)
Credit of Equity Shares to demat accounts of Allottees On or about July 27, 2018 (Friday)
Commencement of trading of the Equity Shares on the Stock Exchanges On or about July 30, 2018 (Monday)

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