Fixed Price IPO | ₹27 Cr | Listed at BSE SME | Mon, Mar 12, 2018 - Fri, Mar 16, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 12, 2018
IPO Close
Fri, Mar 16, 2018
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹100.83 Cr
| IPO Date | 12 to 16 Mar, 2018 |
| Listed on | Mon, Mar 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 40,86,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 2,06,000 shares Ajcon Global Services Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 38,80,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 38,80,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,14,26,215 shares |
| Share Holding Post Issue | 1,55,12,215 shares |
| BSE Script Code | 541144 |
| ISIN | INE380Z01015 |
Active Clothing IPO comprises a total issue size of 40,86,000 shares. The net offer to the public is 38,80,000 shares, after excluding 2,06,000 shares allotted on a firm basis. Of the Net offer 19,40,000 (50.00%) allocated to NII 19,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,40,000 | 50.00% | 47.48% |
| Retail Shares Offered | 19,40,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,06,000 | 5.04% | |
| Total Shares Offered | 40,86,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Incremental Working Capital Requirement | 23.56 |
| 2 | Issue Expenses | 1.50 |
| 3 | General Corporate purposes | 1.50 |
The Active Clothing IPO is subscribed 1.17 times on March 16, 2018 5:00:00 PM (Day 5). The public issue subscribed 0.43 times in the retail category, [.] times in the QIB category, and 1.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.91 | 19,40,000 | 37,14,000 |
| Retail | 0.43 | 19,40,000 | 8,38,000 |
| Total | 1.17 | 38,80,000 | 45,52,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting, brokerage and selling commission and payment to other intermediaries such as Legal Advisor, Registrar, Market Maker, Bankers, issue advertisers,issue printers, etc. and other out of pocket expenses | 1.47 |
| 2 | Regulatory fees and other expenses | 0.03 |
Public issue close date of Active Clothing Co Ltd IPO is extended from March 14th to March 16th 2018.
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹64.95 |
| Low | ₹61.75 |
| High | ₹66.40 |
| Last Trade | ₹65.65 |
Lead Manager Reports
Active Clothing IPO is a SME IPO of 40,86,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Mar 12, 2018, and closes on Fri, Mar 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 Mon, Mar 12, 2018 and closes on Fri, Mar 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 Mon, Mar 26, 2018.
