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Women's Next Loungeries IPO is a fixed price issue of ₹6.50 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹6.50 crore.
Women's Next Loungeries IPO bidding started from Mar 28, 2014 and ended on Apr 7, 2014. The shares got listed on BSE SME on Apr 21, 2014.
Women's Next Loungeries 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.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Women's Next Loungeries IPO RHP for detailed Information.
| IPO Date | March 28, 2014 to April 7, 2014 |
| Listing Date | April 21, 2014 |
| 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 | 10,00,000 shares (aggregating up to ₹6.50 Cr) |
| Reserved for Market Maker | 52,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.3380 Cr) |
| Net Offered to Public | 9,48,000 shares (aggregating up to ₹6.16 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,00,000 shares |
| Share Holding Post Issue | 25,00,000 shares |
Womens Next Loungeries IPO offers total 10,00,000 shares. Out of which 4,74,000 (47.40%) allocated to NII, 4,74,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 52,000 (5.20%) |
| NII (HNI) Shares Offered | 4,74,000 (47.40%) |
| Retail Shares Offered | 4,74,000 (47.40%) |
| Total Shares Offered | 10,00,000 (100.00%) |
Women's Next Loungeries IPO opens on March 28, 2014, and closes on April 7, 2014.
| IPO Open Date | Fri, Mar 28, 2014 |
| IPO Close Date | Mon, Apr 7, 2014 |
| Tentative Listing Date | Mon, Apr 21, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Apr 7, 2014 |
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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Women's Next Loungeries Ltd is engaged in women’s innerwear segment that included designing, manufacturing, branding and marketing of lingerie wear, honeymoon set, intimate wear etc. Its products are marketed under the brand name of "Valentine Pink" and "Women’s Next".
They have set out footing in domestic market and have strong retail presence through malls and grade A retail outlets across Tier I and II cities such as Mumbai, Delhi, Ahmedabad and the like. Company's manufacturing plant is situated at Bhiwandi, Thane. They market their products through a chain of distributors and retail outlets.
| KPI | Values |
|---|---|
| RoNW | 55.99% |
The Company Women's Next Loungeries 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 | Upgradation Unit | 1.00 |
| 2 | Repayment of bank loan | 3.50 |
| 3 | Working capital requirement | 1.00 |
| 4 | Issue Expenses | 0.65 |
| 5 | General corporate purposes | 0.35 |
[Dilip Davda] Avoid. As peers are trading at higher P/E then this, the IPO looks attractive, but the entry barrier as minimum investment of Rs. 1.30 lakh per application and also for trading in the same lost post listing, only risk aver HNIs may dare to park their fund in this IPO. Retail investors should avoid. Read detail review...
| Listing Date | April 21, 2014 |
| BSE Script Code | 538128 |
| NSE Symbol | |
| ISIN | INE174Q01011 |
| Final Issue Price | ₹65 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹67.00 |
| Low | ₹65.00 |
| High | ₹69.30 |
| Last Trade | ₹67.50 |
Women's Next Loungeries Ltd.
101-105, Indian Complex,
Bldg No.28, 1st Flr,
Dapode Village,
Bhiwandi, Maharashtra, 421329
Phone: 91 02522-344073
Email: info@womensnext.in
Website: http://www.womensnext.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: wnll.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Women's Next Loungeries IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.50 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on March 28, 2014, and closes on April 7, 2014.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Women's Next Loungeries IPO using UPI as a payment gateway. Zerodha customers can apply in Women's Next Loungeries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Women's Next Loungeries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Women's Next Loungeries IPO opens on March 28, 2014 and closes on April 7, 2014.
Women's Next Loungeries IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Women's Next Loungeries 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 Women's Next Loungeries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Women's Next Loungeries IPO allotment status.
The Women's Next Loungeries IPO listing date is on Monday, April 21, 2014.
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