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Active Clothing IPO is a fixed price issue of ₹26.56 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹26.56 crore.
Active Clothing IPO bidding started from Mar 12, 2018 and ended on Mar 16, 2018. The shares got listed on BSE SME on Mar 26, 2018.
Active Clothing IPO price is ₹65.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
Ajcon Global Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Ajcon Global Services Ltd..
Refer to Active Clothing IPO RHP for detailed Information.
| IPO Date | March 12, 2018 to March 16, 2018 |
| Listing Date | March 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,86,000 shares (aggregating up to ₹26.56 Cr) |
| Reserved for Market Maker | 2,06,000 shares Ajcon Global Services Ltd. (aggregating up to ₹1.34 Cr) |
| Net Offered to Public | 38,80,000 shares (aggregating up to ₹25.22 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,14,26,215 shares |
| Share Holding Post Issue | 1,55,12,215 shares |
Active Clothing IPO offers total 40,86,000 shares. Out of which 19,40,000 (47.48%) allocated to NII, 19,40,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,06,000 (5.04%) |
| NII (HNI) Shares Offered | 19,40,000 (47.48%) |
| Retail Shares Offered | 19,40,000 (47.48%) |
| Total Shares Offered | 40,86,000 (100.00%) |
Active Clothing IPO opens on March 12, 2018, and closes on March 16, 2018.
| IPO Open Date | Mon, Mar 12, 2018 |
| IPO Close Date | Fri, Mar 16, 2018 |
| Tentative Listing Date | Mon, Mar 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 16, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Incorporated in 2002, Active Clothing Co Limited manufactures and sells readymade garments for men, women, kids, boys, and girls in India.
They offers sweaters, T-shirts, knitted T-shirts, fashion shirts, designer T-shirts, V-neck T-shirts, round neck T-shirts, printed round neck T-shirts, full knitted polo T-shirts, and knitted bottom wears as well as hooded, sleeveless, designer jackets under the AAGAIN brand name. They also operates a multi branded store for fashion products.
The Company has a total capacity 12,58,810 pieces of sweaters, 242,190 pieces of jackets and 7,80,000 T-Shirts and Sweatshirts. The key customer base of the Company includes Levi Strauss (India) Pvt. Ltd., U.S Polo, Arrow, Izod, United Colours of Benetton, Numero Uno, Basics, Aero staple, Elle, Iconic, Pepe Jeans, Impulse buying house and other reputed international brands.The Company is also a distributor for international brands such as Levis, Celios, Arvind owned licensee brands Ed Hardy, Flying Machine.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 10998.18 | 9837.33 | 8488.43 | 6892.73 | 5323.72 | |
| Total Revenue | 12005.35 | 11209.3 | 11067.61 | 10,308.67 | 8,056.28 | |
| Profit After Tax | 185.59 | 153.00 | 154.12 | 143.79 | 144.70 | |
The Company Active Clothing IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Incremental Working Capital Requirement | 23.56 |
| 2 | Issue Expenses | 1.50 |
| 3 | General Corporate purposes | 1.50 |
[Dilip Davda] <p>Quantum jump in equity is the major concern. Issue is fully priced based on its track record so far. Cash surplus risk savvy investors may consider moderate investment for long term.</p> Read detail review...
Public issue close date of Active Clothing Co Ltd IPO is extended from March 14th to March 16th 2018.
| Listing Date | March 26, 2018 |
| BSE Script Code | 541144 |
| NSE Symbol | |
| ISIN | INE380Z01015 |
| Final Issue Price | ₹65 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹64.95 |
| Low | ₹61.75 |
| High | ₹66.40 |
| Last Trade | ₹65.65 |
Active Clothing Co.Ltd.
Plot no. E-225,
Phase VIII B, Industrial Area,
Focal Point,
Mohali, Punjab, 160055
Phone: +91-172-4313300
Email: rmehra@activesourcing.org
Website: http://www.activesourcing.org
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Active Clothing IPO is a SME IPO of 40,86,000 equity shares of the face value of ₹10 aggregating up to ₹26.56 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on March 12, 2018, and closes on March 16, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Active Clothing IPO using UPI as a payment gateway. Zerodha customers can apply in Active Clothing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Active Clothing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Active Clothing IPO opens on March 12, 2018 and closes on March 16, 2018.
Active Clothing IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Active Clothing IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Active Clothing IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Active Clothing IPO allotment status.
The Active Clothing IPO listing date is on Monday, March 26, 2018.
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