Pommys Garments IPO – Review, Allotment Status, Subscription, Price, Date & more

The Pommys Garments (India) Limited is launching its IPO soon. Pommys garments, a garment company based in Tamil Nadu is all set to float an IPO. Lets have a detailed review of Pommys Garments IPO and an in-depth analysis of the IPO release date, IPO offer price, Pommys Garments IPO subscription, IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Pommys Garments IPO Review & Ratings

Pommys Garments IPO Ratings & Review
Criteria Ratings
Industry Sentiments  6.1/10
Industry Ranking  6.3/10
Company Background 6.5/10
Company Reputation 6.2/10
Competitive Edge 6.3/10
Financial Statements 6.4/10
Popularity Index 6.5/10
Promoters Reputation 6.5/10
Retail Appetite  6.7/10
Top Brokers Review 6.0/10
Overall Ratings  6.3/10
Star Ratings ★★★☆☆

Summary of Pommys Garments IPO

Pommys Garments IPOPommys Garments (India) Limited is one of those garments manufacturing units that is a very popular name in South India. There are a lot of players in North India for producing branded garments.

But, there are few producers down south who are providing exceptionally good garments that they are maintaining a good customer base. This is one of the many reasons why one should invest in the IPO of this firm. Up to 75,00,000 Equity Shares of `10 each fully paid-up of our Company for cash at a price of `[●] per Equity Share aggregating to `[●] Lakhs.

The promoters of the company are

  • Inico Inbaraj
  • K Raja

Pommys Garments has one Lead manager to the issue Keynote Corporate Services Limited. The registrar to the issue is Cameo Corporate Services Limited.


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Pommys Garments IPO Date

The opening and the closing date of the Pommys Garments(India) Limited IPO is not known yet.

Pommys Garments IPO Subscription

  Subscription
Day 1 X
Day 2  X
Day 3 X
Day 4  X
Day 5  X

The IPO issue date has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.

Pommys Garments IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

Pommys Garments IPO Price Band

The face value of the Equity Shares of our Company is Rs 10/- each and the Issue Price is Rs X the share price.

Pommys Garments IPO Issue Size

The exact price of the issue size is not known, though the number of equity shares to be issued is known.

Pommys Garments IPO Equity Share Offerings

Up to 75, 00,000 Equity Shares of `10 each fully paid-up of our Company for cash at a price of `[●] per Equity Share aggregating to `[●] Lakhs



Pommys Garments Limited – Company Overview

Pommys Garments have very humble beginnings. It was started as a small firm in the town of Rajapalayam in Tamil Nadu with only two tailors. The company specializes in making night garments for women. The excellent quality of the company’s products has fetched it a very good name. The good marketing strategy adopted by the company also speaks for the success of the firm. Apart from having regular dealers who get the garments from Pommys and sell it in their shops, the company itself has its own retail outlets spread all over Tamil Nadu and Pondicherry. The company also specializes in making garments for men and kids apart from their trademark women garments, especially the nighties.

The key management personnel is the promoters of this company.

Sr. No Name of the Shareholders No. of equity Shares held (Pre Offer) No. of equity Shares held (Post Offer) %age of total equity shareholding (Post Offer)
1 A Inico Inbaraj 55,06,620 55,06,620 22.26
2 K Raja 49,70,210 49,70,210 20.09
3 I.Neelapushpam 32,33,780 32,33,780 13.07
4 R.Shyamala Devi 35,26,380 35,26,380 14.26
5 K Rejina 100 100
6 Arul Jeganathan 100 100
Total 1,72,37,190 1,72,37,190 69.68

Competitive Strengths of Pommys Garments Limited:

  • Experienced promoters and Management Expertise
  • Quality projects and committed operations
  • Independent Execution capabilities
  • Networking strength

Business strategies of Pommys Garments Limited:

  • Leveraging Market Skills
  • Long Term Relationship with Clients
  • Achieving Operational Efficiencies
  • Expand Distribution Network & Customer Base
  • Brand Building
  • Expand the Business in new location

Pommys Garments – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Assets of the Company

Assets (in INR & Lakhs)

  30-Sep-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Non-Current Asset 3818.48 3228.32 1804.95 1161.77 808.14 561.99
Current Assets 7605.34 6,736.59 3,316.54 2,316.31 1,542.53 1,096.59
Total Assets 10,240.77 9,023.82 5,289.76 4,263.96 2,519.83 1,799.48

Revenue & PAT of the Company

   Revenue and Profit (in lakhs)

31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Revenue 12,619.51 15,474.20 12,552.89 8,420.83 5,777.85 4,855.58
Profit After Tax 96.42 211.02 58.9 78.35 61.25 29.1

Earnings per Equity Share (in Lakh)

  31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Basic 1.22 9.51 12.26 14.59 8.03 8.92
Diluted 1.22 9.51 12.26 14.59 8.03 8.92

From the above statements, one could find that the garment company has performed well in the past few years.


Pommys Garments IPO Promoters

The Promoters of this company are:

  • Inico Inbaraj
  • K Raja

 

Interest of Promoters in the Promotion of the company

The promoters have invested in the shares of the company and have held shares of the firm. They are eligible to acquire dividends from the firm. They have also played a vital role in promoting the firm.

Interest of Promoter in the Property of the company

The promoter is not interested in the property of the company ever since the company became a public limited concern. Though the promoters are the key management personnel of the company, they do not take single-handed decisions that involve the property of the firm.

Interest of Promoter in the Intellectual Rights of the company

He has not shown any interest in acquiring the intellectual rights of the company.


Pommys Garments IPO Offer Details or Issue Details

Pommys Garments (India) Limited IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered Up to 75,00,000 Equity Shares of `10 each fully paid-up of our Company for cash at a price of `[●] per Equity Share aggregating to `[●] Lakhs
 Of which:
 Reserved for Market Makers Up to 3,75,000 Equity Shares of `10 each fully paid-up of our Company for cash at a price of `[●] per Equity Share aggregating to `[●] Lakhs
 Net Issue to the Public Up to 71,25,000 Equity Shares of `10 each fully paid-up of our Company for cash at a price of `[●] per Equity Share aggregating to `[●] Lakhs.
 Of which:
 Retail Investors Portion 35,62,500 Equity Shares constituting not less than 50.00 % of the Issue
 Non-Retail Investors Portion 35,62,500 Equity Shares constituting not less than 50.00 % of the Issue
 Equity Shares outstanding prior to the Issue 1,72,37,290 Equity Shares of `10 each
 Equity Shares outstanding after the Issue 2,47,37,290 Equity Shares of `10 each

 


Pommys Garments IPO Issue Object

These are the IPO Issue Objects of the company

  • To repay the amount which was borrowed by the company
  • Finance Working Capital requirement of the company
  • To meet the costs incurred for the issue of this IPO
  • To meet the general corporate purpose of the company

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Pommys Garments IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors. The face value of each share is Rs 10 and the price band of the IPO is [.] times the price per share.

Qualitative factors are:

  • The highly experienced promoter and management team
  • Highly experienced design expertise with a great sense for fashion
  • Strong marketing and distribution team
  • Present in major cities and towns across South India
  • Good sourcing capabilities
  • The very good brand value in the state of Tamil Nadu

The relevant quantitative factors are:

  • Earnings Per Share and Diluted Earnings Per Share, per-issue, for the last three years (as adjusted for changes in capital)
  • Price/Earnings Ratio (P/E) ratio in relation to issue Price of `[●] per Equity Share of `10/- each
  • Return on Net Worth (RONW)
    Minimum Return on Increased Net Worth required to maintain pre-Issue EPS for the year ended March 31, 2017, at the issue price of ` [●] is [●]
  • Net Asset Value (NAV) per Equity Share of our Company
  • Comparison with other listed companies/ Industry Peers

List of Latest IPOs of 2018

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 Atria Convergence Technologies IPO Lite Bite Foods IPO Nekkanti Seafoods IPO  SREI Equipment Finance IPO

Pommys Garments IPO Lead Managers

Lead Managers
KEYNOTE CORPORATE SERVICES LIMITED

Pommys Garments IPO Registrar to offer

Registrar of the Offer
CAMEO CORPORATE SERVICES LIMITED

Pommys Garments IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promters Reputation
Angel Broking 6.4/10 6.6/10 6.0/10 6.4/10 6.0/10
Sharekhan 6.2/10 6.1/10 6.6/10 6.1/10 6.2/10
Kotak Securities 6.3/10 6.2/10 6.3/10 6.4/10 6.3/10
ICICI Direct 6.3/10 6.3/10 6.7/10 6.1/10 6.1/10
IIFL 6.2/10 6.2/10 6.8/10 6.0/10 6.1/10
Edelweiss 6.2/10 6.3/10 6.3/10 6.3/10 6.2/10
Zerodha 6.3/10 6.4/10 6.3/10 6.3/10 6.0/10
5Paisa 6.1/10 6.4/10 6.3/10 6.1/10 6.1/10
Karvy 6.3/10 6.3/10 6.2/10 6.1/10 6.0/10
Motilal Oswal 6.3/10 6.4/10 6.3/10 6.5/10 6.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


Pommys Garments IPO Grey Market Premium

The Pommys Garments (India) Limited IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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Pommys Garments IPO News

News 1 – IPO ISSUES OPEN SOON


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