TCNS Clothing IPO – Review, Allotment Status, Subscription, Price, Date & more

TCNS Clothing IPO is drafted with SEBI on March 1st 2018. It is one of the recent IPO filed by any textile company. In this Article, we will do a detailed TCNS Clothing IPO Review. Along with this Review we will also look into other important aspects like TCNS Clothing IPO Allotment Status, IPO Subscription, IPO issue details, Company background & financials, IPO issue date, IPO price band & more.


TCNS Clothing IPO Ratings & Review

TCNS Clothing IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.2/10
Company Background7.7/10
Company Reputation7.3/10
Competitive Edge7.9/10
Financial Statements8.2/10
Popularity Index8.1/10
Promoters Reputation7.5/10
Retail Appetite8.3/10
Top Brokers Review8.1/10
Overall Ratings7.8/10
Star Ratings★★★★☆

Summary – TCNS Clothing IPO

TCNS Clothing Co. Limited IPO is one of latest IPO drafted with SEBI from Textile Sector.

TCNS Clothing IPOTCNS Clothing is India’s leading women’s branded apparel company in terms of total number of exclusive brand outlets as of November 2017, according to Technopak. They design, manufacture, market and retail a wide portfolio of women’s branded apparel across multiple brands.

TCNS Clothing has hired 2 Lead managers or Investment Bankers to take care of their IPO related engagements. Kotak Mahindra Capital Company Limited & Citigroup Global Markets India Private Limited are the two lead managers. They Registrar to the offer is Karvy Computershare Private Limited.

As per the Prospectus drafted wtih SEBI, the textile company plans to sell more than 1.57 crore shares through the offer-for-sell route. Out of this 47.18 lakh shares will be allocated to anchor investors.


Subscribe to TCNS Clothing IPO – Fill up the Form Below

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

TCNS Clothing IPO Date

The release date of this IPO has not been out yet. We will update the release date soon.

TCNS Clothing IPO Subscription

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

TCNS Clothing Limited IPO date has not been announced yet, the subscription status will be out once the IPO is issued to the general public.

TCNS Clothing IPO Allotment Status

The allotment status of TCNS Clothing IPO will be out after 3-4 weeks of IPO issue.

TCNS Clothing Co. Limited IPO Price Band

The price band of the IPO will be release just before 1 day of the issue date.

TCNS Clothing IPO Issue Size

Size of the IPO has not been revealed yet to the general public.

TCNS Clothing IPO Equity Share Offerings

The Textile giant has revealed in their draft red herring prospectus that they will go ahead with more that 1.57 crore shares, out of which 47.18 lakhs are for anchor investors.


TCNS Clothing Co. Limited – Company Overview

TCNS Clothing is one of the leading branded apparel company in the country. They sell their products across India and through multiple distribution channels. As of September 30, 2017, they sold products through 418 exclusive brand outlets, 1,305 large format store outlets and 1,361 multi-brand outlets, located in 29 states and two union territories in India.

As of September 30, 2017, they also sold products through six exclusive brand outlets in Nepal, Mauritius and SriLanka. In addition, they sell products through their own website and online retailers.

The Companies product portfolio includes top-wear, bottom-wear, drapes, combination-sets 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.

Over the years, they have expanded their brand portfolio to three brands, each positioned to cater to well-defined needs of their respective target consumers:

W

It is a premium fusion wear brand, which merges Indian and western sensibilities with an emphasis on distinctive design and styling. This brand is targeted primarily at the modern Indian woman’s work and casual wear requirements.

Aurelia

It is a contemporary ethnic wear brand targeted at women looking for great design, fit and quality for their casual and work wear requirements.

Wishful

It is a premium occasion wear brand, with elegant designs catering to women’s apparel requirements for evening wear and occasions such as weddings, events and festivals.

Key Members of the Company

  • Onkar Singh Pasricha (Chairman & Executive Director)
  • Anand Kumar Daga (Managing Director)
  • Naresh Patwari (Non-Executive Director)

TCNS Clothing Co. Limited – Financial Statements

Lets have a detailed look at the companies financials

Asset of the Company

Assets (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset1159897504315219
Current Asset31712219164012951161
Total Asset43303116214416101380

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue71874883301917031291
Profit after Tax (PAT)8914912638848

Earning per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic15.049.575.131.710.93
Diluted14.749.355.011.670.91

TCNS clothing has grown at an outstanding rate in last 5 years. According to their financials, their growth in 5 years 20x leap which is extraordinary. The IPO will be of a very good value as the sentiments will be very strong.


TCNS Clothing Co Limited Promoters

The Clothing giant is being promoted by 2 individuals.

  • Onkar Singh Pasricha
  • Arvinder Singh Pasricha

Interest of Promoters

Interests of our Promoters and Related Party Transactions

Promoters are interested in our Company to the extent that they have promoted our Company and to the extent
of their respective shareholdings in our Company and dividend or other distributions payable, if any, by the Company.

The Promoters do not have any interest in any property acquired by the Company during the two years preceding the date of filing of this Draft Red Herring Prospectus.

Promoters are not interested in any entity which holds any intellectual property rights that are used by the Company.

No sum has been paid or agreed to be paid to the Promoters and Promoters are not interested as members of any firm or any company and hence no sum has been paid or agreed to be paid to such firm or company in cash or shares or otherwise.


TCNS Clothing IPO Offer Details or Issue Details

OfferUp to 15,714,038 Equity Shares aggregating up to ₹ [●] million
Of which:
A. QIB CategoryNot more than 7,857,018 Equity Shares
Of which:
Anchor Investor Portion4,714,210 Equity Shares
Balance available for allocation to QIBs other than Anchor Investors (assuming Anchor Investor Portion is fully subscribed)3,142,808 Equity Shares
Of which
Available for allocation to Mutual Funds only (5% of the QIB Category (excluding the Anchor Investor Portion))392,851 Equity Shares
Balance for all QIBs including Mutual Funds2,749,957 Equity Shares
B. Non-Institutional CategoryNot less than 2,357,106 Equity Shares
C. Retail Category Not less than 5,499,914 Equity Shares

TCNS Clothing IPO will see more than 1.5 crore shares issue & out of which approx 55 lakh shares will be allotted to retail buyers.


TCNS Clothing Co Limited IPO Issue Object

Below is the objective of IPO issue:

  • To ripe the benefits of listing equity shares in the stock exchange
  • IPO issue will enhance the Brand image of the company further
  • Listing will also provide a public market for the Equity Shares in India

Here are other Upcoming IPOs Drafted with SEBI

HDFC AMC IPONekkanti Seafoods IPODevi Seafoods IPOSandhya Marines IPO
John Energy IPO

TCNS Clothing IPO – Basis of the Offer

The Offer Price of the IPO will be decided by Promoters of the Company along with consultation with Investment Bankers. The Offer price is determined by looking into Qualitative & Quantitative Factors. Lets check these factors now.

Qualitative Factors

  • Strongly positioned to leverage growth in the women’s apparel industry in India
  • Leading women’s apparel company in India with a portfolio of established brands
  • Innovative and institutionalized product design process
  • Widespread distribution network and presence across a variety of retail channels
  • Longstanding relationships with suppliers and third party manufacturers
  • Capital efficient and scalable business model
  • Experienced, aligned and professional management team with strong organizational culture

Quantitative Factors

  • Basic and Diluted Earnings per Share (“EPS”) is 11.57 & 11.32 respectively
  • Price/Earning (“P/E”) ratio in relation to Price Band
  • Return on Net Worth (“RoNW”) is 30.05% for last 3 consecutive years
  • Minimum Return on Total Net Worth
  • Net Asset Value per Equity Share as on 31st Sep 2017 is INR 61.05
  • Comparison with Listed Industry Peers, TCNS is one of the largest
  • The Offer price is X times of the face value of the Equity Shares

TCNS Clothing IPO Lead Managers

Lead Managers
Kotak Mahindra Capital Company Limited
Citigroup Global Markets India Private Limited

TCNS Clothing IPO Registrar to the Offer

Registrar of the Offer
Karvy Computershare Private Limited

TCNS Clothing IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
Angel Broking8.2/108.4/108.1/108.1/107.8/10
Sharekhan8.2/108.1/108.2/108.1/107.9/10
Kotak Securities8.3/108.5/108.0/108.1/108.3/10
ICICI Direct8.3/108.3/108.2/108.1/107.9/10
IIFL8.5/108.2/108.3/108.0/108.1/10
Edelweiss8.5/108.4/108.1/108.3/108.2/10
Zerodha8.4/108.1/108.1/108.1/108.0/10
5Paisa8.1/108.1/108.2/108.1/108.1/10
Karvy8.4/108.3/108.1/108.1/108.1/10
Motilal Oswal8.1/108.1/108.0/108.3/107.8/10

TCNS Clothing IPO Grey Market Premium

TCNS Clothing IPO grey market premium will start 1 week before issue of the IPO. Stay tuned for more information.


Subscribe to TCNS Clothing IPO – Fill up the Form Below

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

TCNS Clothing IPO News

News 1 – TCNS Clothing files draft papers for IPO


Market Guide

What is IPO?
IPO Investment
IPO Valuation
Upcoming IPOs

Featured Topics

Best Discount Broker in India
Best Full Service Broker in India
Top Brokers in India
Best Intraday Trading Brokers in India
Best Demat Account
Brokerage Calculator
Sub Broker Franchise
Top 10 Sub Broker Partner in India
Broking Franchisee

 

eeeeeeeIPO
Get 100% IPO Allotment Guarantee! Subscribe to IPO
error: Content is protected !!