Provogue (India) IPO
Provogue (India) IPO — date, price band, lot size & details 2005
Provogue (India) listed on 7 Jul 2005 at ₹249, 66% above the ₹150 issue price.
Provogue (India) is a fashion and lifestyle company that designs, makes and retails menswear and accessories under the Provogue brand. Its net worth was Rs 10.69 crore in FY2004.
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 10 Jun 2005
- Close 16 Jun 2005
- Allotment 29 Jun 2005
- Refund/credit TBA
- Listing 07 Jul 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 16 Jun, 2005 |
|---|---|
| Price Band | ₹130 – ₹150 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹60.74 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
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 40 shares at the ₹150 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹6,000 |
| Retail (max) | 33 | 1,320 | ₹1,98,000 |
| S-HNI (min) | 34 | 1,360 | ₹2,04,000 |
| S-HNI (max) | 166 | 6,640 | ₹9,96,000 |
| B-HNI (min) | 167 | 6,680 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Net worth rose from Rs 8.27 crore in FY2003 to Rs 10.69 crore in FY2004.
- 02Rs 2816.10 lakh of the issue was for expanding its branded store chain.
- 03It planned new mega stores averaging 5000 sq ft.
- 04Rs 657.61 lakh was for expanding garment making and the design centre.
Risks · 5
- 01Profit after tax fell from Rs 1.88 crore in FY2003 to Rs 1.28 crore in FY2004.
- 02Fashion brands depend on reading trends correctly; Rs 1729.01 lakh was needed as working capital margin.
- 03Store expansion depends on picking the right locations, as disclosed in the prospectus; net worth was only Rs 10.69 crore.
- 04A case under Section 138 of the Negotiable Instruments Act was disclosed against its promoters.
- 05Promoter holding fell from 68.49% before the issue to 51.37% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Provogue (India) offer document.
| Metric | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Profit After Tax | - | 1.28 | 1.88 |
| NET Worth | - | 10.69 | 8.27 |
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 Provogue (India) RHP.
Where the money goes
₹52.03 Cr of the issue is earmarked to named objects.
About the company
It designs and makes apparel and accessories and sells them through its own branded stores and multi brand outlets.
It had a dedicated design team led by a whole time director, and planned to expand its chain of branded stores, including mega stores of about 5000 sq ft on average.
The IPO was Rs 60.74 crore and was entirely a fresh issue at Rs 150, the top of the Rs 130 to Rs 150 band. The money was mainly for expanding its branded store chain, its garment facilities and design centre, and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Provogue (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.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Anand Rathi Advisors Ltd
30 issues handledBest listing: Paras Defence & Space Technologies (+168.0%). Weakest: Aanjaneya Lifecare (-6.8%).
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
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 Provogue (India)?
The current Grey Market Premium is ₹0.
What is the Provogue (India) IPO price band?
₹130 to ₹150, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 June 2005, with listing on 7 July 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
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.
