TCNS Clothing Company IPO
TCNS Clothing Company IPO — date, price band, lot size & details 2018
TCNS Clothing Company listed on 30 Jul 2018 at ₹716, flat to the ₹716 issue price.
TCNS Clothing designs, makes and retails branded women's apparel and was India's leading women's branded apparel company by exclusive brand outlets. Its total income was Rs 849.16 crore in FY2018.
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 14 November.
- Open 18 Jul 2018
- Close 20 Jul 2018
- Allotment 25 Jul 2018
- Refund/credit 26 Jul 2018
- Listing 30 Jul 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 20 Jul, 2018 |
|---|---|
| Price Band | ₹714 – ₹716 |
| Face Value | ₹2 |
| Lot Size | 20 Shares |
| Issue Size | ₹1125.13 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,320 |
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 20 shares at the ₹716 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 488.13 crore in FY2016 to Rs 849.16 crore in FY2018.
- 02It turned a loss of Rs 41.50 crore in FY2016 into a profit of Rs 98.10 crore in FY2018.
- 03EBITDA rose from a loss of Rs 1.82 crore in FY2016 to Rs 162.17 crore in FY2018.
- 04Net worth rose from Rs 48.33 crore in FY2016 to Rs 431.47 crore in FY2018.
Risks · 5
- 01It made a loss of Rs 41.50 crore in FY2016, so its profit record is short.
- 02Profit after tax was only Rs 15.80 crore in FY2017.
- 03Fashion retail depends on store rents, inventory and changing tastes; total income was Rs 849.16 crore in FY2018.
- 04The whole Rs 1,125.13 crore issue was an offer for sale, so none of it went to the company.
- 05The promoters held only 43.68% before the issue and 32.42% after it.
Three years of numbers
All figures in ₹ crore, as reported in the TCNS Clothing Company offer document.
| Metric | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Total Income | 849.16 | 712.97 | 488.13 |
| Profit After Tax | 98.10 | 15.80 | -41.50 |
| EBITDA | 162.17 | 78.23 | -1.82 |
| NET Worth | 431.47 | 281.93 | 48.33 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the TCNS Clothing Company IPO will be updated shortly.
TCNS Clothing Company IPO Anchor Investors
33 anchor investors across 13 fund houses committed ₹337.53 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
According to Technopak, as of November 2017 it was India's leading women's branded apparel company by total number of exclusive brand outlets.
It offers top wear, bottom wear, drapes, combination sets and other women's wear.
The IPO was Rs 1,125.13 crore and was entirely an offer for sale at Rs 716, the top of the Rs 714 to Rs 716 band, so the company received no money.
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.
TCNS Clothing Company 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.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
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 TCNS Clothing Company?
The current Grey Market Premium is ₹7.5, or 1% over the issue price.
What is the TCNS Clothing Company IPO price band?
₹714 to ₹716, on a face value of ₹2.
When is the allotment?
The basis of allotment is 25 July 2018, with listing on 30 July 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
