TCNS Clothing Co. Limited IPO (TCNS Clothing IPO) DetaiL
ABOUT THE COMPANY:
TCNS Clothing Company was incorporated as ‘TCNS Clothing Co. Private Limited’ on December 3, 1997, as a private limited company under the Companies Act 1956, at New Delhi, with a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana (“RoC”)
TCNS Clothing is India’s leading women’s branded apparel company in terms of total number of exclusive brand outlets. They design, manufacture, market and retail a wide portfolio of women’s branded apparel across multiple brands.
Company sells their products across India and through multiple distribution channels. Company sells products through 465 exclusive brand outlets, 1,469 large format store outlets and 1,522 multi-brand outlets, located in 31 states and union territories in India.
Company also sells their products through six exclusive brand outlets in Nepal, Mauritius and Sri Lanka. In addition,they also sell their products through their own website and online retailers.
Company’s product portfolio includes top-wear, bottom-wear, drapes, combination-sets and accessories that caters to a wide variety of the wardrobe requirements of the Indian woman, including every-day wear, casual wear, work wear and occasion wear.
Company focusses on creating innovative designs and optimizing fit and sizing, while emphasizing higher quality. For example, across two seasons in a twelve month period ending March 31, 2018, Company launched approximately 1,600 products in various sizes across product categories.
Company retails their products through large format stores, such as Pantaloons, Shoppers Stop and Lifestyle, online retailers like Myntra, Jabong and Amazon, among others, covering 1,469 outlets across 203 cities in 29 states in India as well as approximately 1,522 multi-brand outlets including through 21 distributors
Over the years, Company has expanded their brand portfolio to three brands, each positioned to cater to well-defined needs of their respective target consumers:
1. ‘W’ – A premiere brand targeted at women’s casual and workwear requirements. ‘W’ has been recognized as Most Admired Fashion Brand in category ‘Women’s Indian Wear’ by India Fashion Forum for 3 consecutive years between 2015 to 2017.
2. Aurelia – A contemporary ethnic wear brand that grew in revenue at a CAGR of 70.82% during 2013-17.
3. Wishful – A premium occasion wears brand that grew in revenue at a CAGR of 66.66% during 2013-17.
Financials of the Company:
|(in Crores)||FY 14||FY 15||FY 16||FY 17||FY 18|
Promoters And Management:
(i) Onkar Singh Pasricha, aged 67 years, is the Chairman, Executive Director and one of the Promoter of the company. He holds a bachelor’s degree in technology in electrical engineering from Indian Institute of Technology, Delhi. He has more than 40 years of experience in the apparel industry.
(ii) Anant Kumar Daga, aged 40 years, is the Managing Director of the Company. He holds a bachelor’s degree in commerce from the University of Calcutta and a post-graduate diploma in management from Indian Institute of Management, Ahmedabad. Prior to joining, Anant Kumar Daga has worked with Reebok, India as director (sales) and with ICICI bank. He also features in the Economic Times’ 40 under 40 124 list of India’s hottest business leaders for 2017 and has been awarded the “Brand Professional of the Year Award” at the CMAI Apex Awards 2017.
Objects of the Issue:
1. Sale of up to 15,714,038 Equity Shares by the Shareholders.
2. Boost the visibility and brand image of the company.
3. Provide a public market for the shares of the company.
The Company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholders.
|Issue Opens on||18th July 2018|
|Issue Closes on:.||20th July 2018|
|Issue Price||Rs.714 – 716|
|Minimum Lot||20 shares|
|Issue Size||Rs.1125 cr|
|Market Cap||Rs.4390 cr|
|Listing at||NSE & BSE|
|Equity Shares Offered (OFS)||1,57,14,038|
|Equity Shares Prior to the Issue||6,13,18,124|
|Equity Shares after the Issue||6,13,18,124|
|Finalization of Basis of Allotment||on or Before 25th July 2018|
|Initiation of Refunds||on or Before 26th July 2018|
|Credit of Equity Shares:||on or Before 27th July 2018|
|Listing Date:||on or Before 30th July 2018|
Company Contact Information:
TCNS Clothing Co. Limited
Unit No. 112, F/F Rectangle 1
D-4, Saket, District Centre,
New Delhi 110 017, India
Phone: +91 11 4057 8384
Fax: +91 11 4079 3114
TCNS Clothing IPO Registrar:
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
TCNS Clothing IPO Lead Manager(s):