Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Fri, Mar 28, 2014 - Mon, Apr 7, 2014
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 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.
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 Open
Fri, Mar 28, 2014
IPO Close
Mon, Apr 7, 2014
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹16.25 Cr
| IPO Date | 28 Mar to 7 Apr, 2014 |
| Listed on | Mon, Apr 21, 2014 |
| 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 | 10,00,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 52,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.3380 Cr) |
| Fresh Issue (Ex Market Maker) | 9,48,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 9,48,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 15,00,000 shares |
| Share Holding Post Issue | 25,00,000 shares |
| BSE Script Code | 538128 |
| ISIN | INE174Q01011 |
Women's Next Loungeries IPO comprises a total issue size of 10,00,000 shares. The net offer to the public is 9,48,000 shares, after excluding 52,000 shares allotted on a firm basis. Of the Net offer 4,74,000 (50.00%) allocated to NII 4,74,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,74,000 | 50.00% | 47.40% |
| Retail Shares Offered | 4,74,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 52,000 | 5.20% | |
| Total Shares Offered | 10,00,000 | 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 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.
| 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 | Upgradation Unit | 1.00 |
| 2 | Repayment of bank loan | 3.50 |
| 3 | Working capital requirement | 1.00 |
| 4 | General corporate purposes | 0.35 |
| KPI | |
|---|---|
| RoNW | 55.99% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.9% | 59.94% |
| Market Cap | ₹16.25 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.45 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹67.00 |
| Low | ₹65.00 |
| High | ₹69.30 |
| Last Trade | ₹67.50 |
Lead Manager Reports
Women's Next Loungeries IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Mar 28, 2014, and closes on Mon, Apr 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 Fri, Mar 28, 2014 and closes on Mon, Apr 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 Mon, Apr 21, 2014.
