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Lorenzini Apparels IPO is a fixed price issue of ₹4.47 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹4.47 crore.
Lorenzini Apparels IPO bidding started from Jan 31, 2018 and ended on Feb 6, 2018. The allotment for Lorenzini Apparels IPO was finalized on Feb 9, 2018. The shares got listed on BSE SME on Feb 15, 2018.
Lorenzini Apparels IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Lorenzini Apparels IPO RHP for detailed Information.
| IPO Date | January 31, 2018 to February 6, 2018 |
| Listing Date | February 15, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 44,70,000 shares (aggregating up to ₹4.47 Cr) |
| Reserved for Market Maker | 2,30,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.2300 Cr) |
| Net Offered to Public | 42,40,000 shares (aggregating up to ₹4.24 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 56,68,916 shares |
| Share Holding Post Issue | 1,01,38,916 shares |
Lorenzini Apparels IPO offers total 44,70,000 shares. Out of which 21,20,000 (47.43%) allocated to NII, 21,20,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,30,000 (5.15%) |
| NII (HNI) Shares Offered | 21,20,000 (47.43%) |
| Retail Shares Offered | 21,20,000 (47.43%) |
| Total Shares Offered | 44,70,000 (100.00%) |
Lorenzini Apparels IPO opens on January 31, 2018, and closes on February 6, 2018.
| IPO Open Date | Wed, Jan 31, 2018 |
| IPO Close Date | Tue, Feb 6, 2018 |
| Tentative Allotment | Fri, Feb 9, 2018 |
| Initiation of Refunds | Mon, Feb 12, 2018 |
| Credit of Shares to Demat | Wed, Feb 14, 2018 |
| Tentative Listing Date | Thu, Feb 15, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 6, 2018 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Incorporated in 2007, Lorenzini Apparels Limited is engaged into the business of manufacturing, designing and marketing of readymade garments. Lorenzini Apparels offers diverse range of formal, semi-formal and casual wear for men and casual wear for women under the brand name 'Monteil & Munero', 'Monteil' and 'Calgari'.
Company has its own manufacturing setup at Delhi. The manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. Company also outsources some of the manufacturing.
Lorenzini Apparels sells its products through retail shops and online. Company sells its products through 18 exclusive stores/oulets located in Delhi, Haryana and Uttar Pradesh.
Lorenzini Apparels also have supply agreement with some of the e-commerce platform including Myntra, Limeroad, Flipkart, Jabong, Amazon, paytm etc. Company also have franchise model to sell products.
Company has 62 employees including 2 management personnel, 10 Skilled, 40 semi skilled and 12 unskilled employees.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 139.51 | 51.31 | 55.68 | 41.69 | 64.19 | |
| Total Revenue | 164.49 | 121.08 | 141.64 | 115.97 | 131.61 | |
| Profit After Tax | 1.48 | -0.30 | 0.55 | 1.19 | -0.47 | |
The Company Lorenzini Apparels 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 | Funding of working capital requirements of the Company | 4.17 |
| 2 | Issue Expenses | 0.30 |
[Dilip Davda] <p>Textile segment is likely to get more relaxed regime being a job oriented sector. Industry is expecting many sops from forthcoming budget. Considering all these, investment may be considered in this at par issue for long term</p> Read detail review...
| Listing Date | February 15, 2018 |
| BSE Script Code | 540952 |
| NSE Symbol | LAL |
| ISIN | INE740X01015 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.20 |
| Low | ₹8.25 |
| High | ₹10.20 |
| Last Trade | ₹9.25 |
Lorenzini Apparels Ltd.
TA 168 & 187 Ground Floor,
Street No. 2,
Tuglakabad Extn,
New Delhi, New Delhi, 110019
Phone: 011 40504731
Email: cs@mymonteil.com
Website: http://www.mymonteil.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Lorenzini Apparels IPO is a SME IPO of 44,70,000 equity shares of the face value of ₹10 aggregating up to ₹4.47 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on January 31, 2018, and closes on February 6, 2018.
Skyline Financial 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 Lorenzini Apparels IPO using UPI as a payment gateway. Zerodha customers can apply in Lorenzini Apparels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lorenzini Apparels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lorenzini Apparels IPO opens on January 31, 2018 and closes on February 6, 2018.
Lorenzini Apparels IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Lorenzini Apparels 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 Lorenzini Apparels IPO will be done on Friday, February 9, 2018, and the allotted shares will be credited to your demat account by Wednesday, February 14, 2018. Check the Lorenzini Apparels IPO allotment status.
The Lorenzini Apparels IPO listing date is on Thursday, February 15, 2018.
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