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.
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.
|Category||Issue Size Allocation||Equity share||Issue Size (Rs. in Crs)
|Issue Size (Rs. in Crs)
|Particulars||Year Ended March 31, 2018||Year Ended March 31, 2017|
|Profit Before Tax||1448.28||623.61|
|Profit after Tax||980.97||157.97|
|No. of Shares||Amount|
|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)|