Bookbuilding IPO | ₹1,125 Cr | Listed at BSE, NSE | Wed, Jul 18, 2018 - Fri, Jul 20, 2018
TCNS Clothing IPO is a book build issue of ₹1,125.13 crores. The issue is entirely an offer for sale of 1.57 crore shares of ₹1,125.13 crore.
TCNS Clothing IPO bidding started from Jul 18, 2018 and ended on Jul 20, 2018. The allotment for TCNS Clothing IPO was finalized on Jul 25, 2018. The shares got listed on BSE, NSE on Jul 30, 2018.
TCNS Clothing IPO price band is set at ₹716 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹14,320 (20 shares) (based on upper price). The lot size investment for sNII is 14 lots (280 shares), amounting to ₹2,00,480, and for bNII, it is 70 lots (1,400 shares), amounting to ₹10,02,400.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to TCNS Clothing IPO RHP for detailed Information.
IPO Open
Wed, Jul 18, 2018
IPO Close
Fri, Jul 20, 2018
Issue Price
₹716 per share
Market Cap (Pre-IPO)
₹4,390.38 Cr
| IPO Date | 18 to 20 Jul, 2018 |
| Listed on | Mon, Jul 30, 2018 |
| Face Value | ₹2 per share |
| Price Band | ₹714 to ₹716 |
| Issue Price | ₹716 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,57,14,038 shares (agg. up to ₹1,125 Cr) |
| Offer for Sale | 1,57,14,038 shares of ₹2 (agg. up to ₹1,125 Cr) |
| Share Holding Pre Issue | 6,13,18,124 shares |
| Share Holding Post Issue | 6,13,18,124 shares |
| BSE Script Code / NSE Symbol | 541700 / TCNSBRANDS |
| ISIN | INE778U01029 |
TCNS Clothing IPO comprises a total issue size of 1,57,14,038 shares. Out of which, 78,57,018 (50.00%) are allocated to QIB, 23,57,106 (15.00%) allocated to NII 54,99,914 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 78,57,018 | 50.00% | NA |
| − Anchor Investor Shares Offered | 47,14,210 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 31,42,808 | 20.00% | NA |
| NII (HNI) Shares Offered | 23,57,106 | 15.00% | NA |
| Retail Shares Offered | 54,99,914 | 35.00% | 2,74,995 |
| Total Shares Offered | 1,57,14,038 | 100.00% |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,320 |
| Retail (Max) | 13 | 260 | ₹1,86,160 |
| S-HNI (Min) | 14 | 280 | ₹2,00,480 |
| S-HNI (Max) | 69 | 1,380 | ₹9,88,080 |
| B-HNI (Min) | 70 | 1,400 | ₹10,02,400 |
TCNS Clothing IPO raises ₹337.54 crore from anchor investors. TCNS Clothing IPO Anchor bid date is July 17, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 17, 2018 |
| Shares Offered | 47,14,210 |
| Anchor Portion (₹ Cr.) | 337.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 24, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 23, 2018 |
Incorporated in 1997, Delhi based TCNS Clothing Co. Limited is a company engaged in the business of designing, manufacturing, marketing and retailing of branded apparels for women. According to Technopak, as of November 2017, it was India's leading women's branded apparel company in terms of the total number of exclusive brand outlets.
TCNS offers top-wear, bottom-wear, drapes, combo-sets and accessories etc., catering to the varied wardrobe requirements of Indian women. Company's brand portfolio includes 3 brands:
1. 'W' - A premiere brand targeted at women's casual and workwear requirements. 'W' has been recognized as Most Admired Fashion Brand in category 'Women's Indian Wear' by India Fashion Forum for 3 consecutive years between 2015 to 2017.
2. Aurelia - A contemporary ethnic wear brand that grew in revenue at a CAGR of 70.82% during 2013-17.
3. Wishful - A premium occasion wears brand that grew in revenue at a CAGR of 66.66% during 2013-17.
TCNS has established a diversified retail presence through multiple distribution channels spread across 31 states and Union Territories. The company sells its products through:
� 465 exclusive brand outlets
� 1,469 large format store outlets
� 1,522 multi-brand outlets
� 6 exclusive outlets in Nepal, Mauritius, and Sri Lanka
It also sells its products through its website and other online retailers.
The company's total revenue for Fiscal 2018 was Rs 8,491.57 million. It grew at 31.89% CAGR between Fiscals 2016 and 2018. The comprehensive income and EBITDA was Rs 977.67 million and Rs 1,837.18 million, respectively, for Fiscal 2018.
TCNS has 3,086 employees on its payroll including a design team of 37 employees and retail staff of 2,887 employees. The company also has 301 personnel engaged on a contractual basis.
Strengths of the Company are:
1. Strong brands give it a lead in the spacious organized market.
2. Pan India multi-channel distribution network gives it access to underpenetrated markets.
3. Rich product portfolio with a wide range of design and fits to cater to the changing trends in customers buying behavior.
4. Institutionalized and creative product design process allows it to quickly launch new products and refresh its product offerings according to changing preferences of customers.
| Period Ended |
|---|
| Amount in ₹ Crore |
The TCNS Clothing IPO is subscribed 5.22 times on July 20, 2018 6:25:00 PM (Day 3). The public issue subscribed 0.57 times in the retail category, 13.47 times in the QIB category, and 5.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 13.47 | 31,42,808 | 4,23,27,060 |
| NII | 5.08 | 23,57,106 | 1,19,63,760 |
| Retail | 0.57 | 54,99,914 | 31,47,580 |
| Total | 5.22 | 1,09,99,828 | 5,74,38,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and brokerage and selling commission for members of the Syndicate, SCSBs, RTAs and CDPs | 19.91 |
| 2 | Processing fees to SCSBs for ASBA Forms procured by the Syndicate, Sub-Syndicate, Registered Brokers, CRTAs or CDPs and submitted with the SCSBs; and Bidding charges to members of the Syndicate, CRTAs and CDPs | 0.74 |
| 3 | Selling commission for Registered Brokers | 1.94 |
| 4 | Fees payable to Registrar to the Offer | 0.09 |
| 5 | Printing and stationery expenses | 2.20 |
| 6 | Advertising and marketing expenses | 5.27 |
| 7 | Listing fees; SEBI, BSE and NSE processing fees; Fees payable to legal counsels; and Miscellaneous | 16.92 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹716.00 | ₹716.00 |
| Open | ₹715.00 | ₹716.00 |
| Low | ₹626.60 | ₹627.55 |
| High | ₹724.50 | ₹725.00 |
| Last Trade | ₹657.80 | ₹659.15 |
Lead Manager Reports
TCNS Clothing IPO is a main-board IPO of 1,57,14,038 equity shares of the face value of ₹2 aggregating up to ₹1,125 Crores. The issue is priced at ₹716 per share. The minimum order quantity is 20.
The IPO opens on Wed, Jul 18, 2018, and closes on Fri, Jul 20, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in TCNS Clothing IPO using UPI as a payment gateway. Zerodha customers can apply in TCNS Clothing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TCNS Clothing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TCNS Clothing IPO opens on Wed, Jul 18, 2018 and closes on Fri, Jul 20, 2018.
TCNS Clothing IPO lot size is 20, and the minimum amount required for application is ₹14,320.
You can apply in TCNS 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 TCNS Clothing IPO will be done on Wednesday, July 25, 2018, and the allotted shares will be credited to your demat account by Fri, Jul 27, 2018. Check the TCNS Clothing IPO allotment status.
The TCNS Clothing IPO listing date is on Mon, Jul 30, 2018.
