Cantabil Retail India IPO
Cantabil Retail India IPO — date, price band, lot size & details 2010
Cantabil Retail India listed on 12 Oct 2010 at ₹114.7, 15% below the ₹135 issue price.
Cantabil Retail India designs, makes and sells apparel under the CANTABIL and La FANSO brands through its own exclusive outlets. Its total income was Rs 263.64 crore in FY2010.
Stock price
Cantabil Retail India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 22 Sep 2010
- Close 27 Sep 2010
- Allotment 08 Oct 2010
- Refund/credit TBA
- Listing 12 Oct 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 27 Sep, 2010 |
|---|---|
| Price Band | ₹127 – ₹135 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹105 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Beetal Financial & Computer Services Pvt.Ltd. |
| Min Investment | ₹ 6,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹135 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,750 |
| Retail (max) | 29 | 1,450 | ₹1,95,750 |
| S-HNI (min) | 30 | 1,500 | ₹2,02,500 |
| S-HNI (max) | 148 | 7,400 | ₹9,99,000 |
| B-HNI (min) | 149 | 7,450 | ₹10,05,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 87.21 crore in FY2008 to Rs 263.64 crore in FY2010.
- 02Profit after tax rose from Rs 2.86 crore in FY2008 to Rs 14.68 crore in FY2010.
- 03It had 381 exclusive retail outlets across India.
- 04It runs two brands for different income groups, with 206 outlets for CANTABIL.
Risks · 5
- 01Total borrowing was Rs 62.64 crore in FY2010, more than twice its net worth of Rs 29.57 crore.
- 02Profit after tax was Rs 14.68 crore on income of Rs 263.64 crore in FY2010, so margins are thin.
- 03Fashion retail needs heavy inventory, and it planned Rs 30.00 crore of the issue for working capital.
- 04Rapid outlet growth raises rent and execution risk; Rs 24.98 crore was for more outlets.
- 05Promoter holding fell from 99.99% before the issue to 52.36% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Cantabil Retail India offer document.
| Metric | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|
| Assets | 170.99 | 102.15 | 53.01 |
| Total Income | 263.64 | 154.78 | 87.21 |
| Profit After Tax | 14.68 | 6.21 | 2.86 |
| NET Worth | 29.57 | 14.80 | 8.72 |
| Reserves and Surplus | 21.43 | 9.71 | 3.66 |
| Total Borrowing | 62.64 | 44.54 | 32.53 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Cantabil Retail India RHP.
Where the money goes
₹107.01 Cr of the issue is earmarked to named objects.
About the company
It designs, manufactures, brands and retails clothing. CANTABIL offers formal, party, casual and ultra casual wear for men, women and kids in the middle to high income group, while La FANSO targets men in the lower to middle income group.
It had a network of 381 exclusive retail outlets across India, of which 206 sold the CANTABIL brand, and it also sells accessories such as ties, belts and socks.
The IPO was Rs 105 crore and was entirely fresh issue at Rs 135, the top of the Rs 127 to Rs 135 band. The money was for a new manufacturing facility, more outlets, working capital and repaying debt.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
011-42959000/42959009
The bankers & the filings
Who is running the book, and the documents this page is built from.
Cantabil Retail India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SPA Capital Advisors Ltd
4 issues handledBest listing: SRS (+17.2%). Weakest: Parabolic Drugs (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Cantabil Retail India?
The current Grey Market Premium is ₹0.
What is the Cantabil Retail India IPO price band?
₹127 to ₹135, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 October 2010, with listing on 12 October 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Beetal Financial & Computer Services Pvt.Ltd..
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
