TCNS Clothing IPO

TCNS Clothing LogoBusiness description - TCNS Clothing is a leading women’s branded apparel company in terms of total number of exclusive brand outlets as of May 2018, according to Technopak. The company designs, manufactures, markets and retails a wide portfolio of women’s branded apparel across multiple brands. Its 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.

The company sells its products across India and through multiple distribution channels. As of 31 March 2018, it sold its 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. As of 31 March 2018, it also sold its products through six exclusive brand outlets in Nepal, Mauritius and Sri Lanka. In addition, the company sold its products through its own website and online retailers.

Promoters of TCNS Clothing - Onkar Singh Pasricha and Arvinder Singh Pasricha
TCNS Clothing IPO details
Subscription Dates18 - 20 July 2018
Price BandINR 714 - 716 per share
Fresh issueNil
Offer For Sale15,714,038 shares (INR1,121.98 - 1,125.13 crore)
Total IPO size15,714,038 shares (INR1,121.98 - 1,125.13 crore)
Minimum bid (lot size)20 shares
Face Value INR2 per share
Retail Allocation35%
Listing OnNSE, BSE
TCNS Clothing's financial performance (in INR crore)
FY2014FY2015FY2016FY2017FY2018
Total revenues170.3301.9488.1713.0849.2
Total expenses148.1249.9501.8650.6704.3
Profit after tax8.726.3-41.615.797.8
Net margin (%)5.18.7-8.52.211.5

TCNS Clothing Contact Details

TCNS Clothing Co. Limited 
W-House, 119, Neelagagan Towers
Mandi Road, Sultanpur
Mehrauli, New Delhi 110 030

Phone: +91 11 4219 3193
Fax: 
+91 11 4219 3194
Email:
[email protected]
Website: www.wforwoman.com

Registrar of TCNS Clothing IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Valuation of TCNS Clothing (Based on latest FY)

Earnings Per Share (EPS): INR15.36

Price/Earnings (P/E) ratio: 46.48 - 46.61

Return on Net Worth (RONW): 22.74%

Net Asset Value (NAV): INR76.54 per share

TCNS Clothing IPO Subscription Details

CategoryShares offeredSubscription (no. of times, at 5:30 pm) 
Day 1Day 2Day 3
QIB3,142,8080.287.0013.47
NII2,357,1060.000.095.07
Retail5,499,9140.020.070.48
Total10,999,8280.092.065.17

TCNS Clothing IPO Allotment Status

TCNS Clothing IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing Performance of TCNS Clothing

IPO Opening Date: 18 July 2018

IPO Closing Date: 20 July 2018

Finalisation of Basis of Allotment: 25 July 2018

Initiation of refunds: 26 July 2018

Transfer of shares to demat accounts: 27 July 2018

Listing Date: 30 July 2018

Listing Price on NSE: INR716 per share (no change from IPO price)

Closing Price on NSE: INR659.15 per share (down 7.93% from IPO price)

10 thoughts on “TCNS Clothing IPO

  • July 30, 2018 at 10:10 AM
    Permalink

    Poor listing but not unexpected. this share is not worth moe than 500/-. Just wait and see, it will go in the next few weeks.

    Reply
  • July 20, 2018 at 6:20 PM
    Permalink

    If market sentiments are good at the time of listing than there will be some gains and if not then there will be little loss.

    Reply
  • July 19, 2018 at 9:56 AM
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    Listing gains for sure as many analysts are recommending. Tulsyan also recomended subscribe

    Reply
    • July 19, 2018 at 10:19 PM
      Permalink

      If Tulsian is bullish, you should know it is to be avoided. This guy has no credibility. Just coming on CNBC and saying blah blah about stocks doesn’t make you expert!!

      Reply
  • July 17, 2018 at 9:18 AM
    Permalink

    Come on people, it is not that expensive. Only 46 PE!!

    Reply
  • July 14, 2018 at 11:08 AM
    Permalink

    The grey market premium OR gmp is not good for this ipo..so clearly avoid this IPO

    Reply
  • July 12, 2018 at 8:18 AM
    Permalink

    It is beyond logic why anyone will buy shares of this company when other better brands are available at better rates. Profits jumped in the last year alone so this can not be taken seriously. Kewal Kiran and Monte Carlo trade at lower PE ratio and both are more established names. I think we also need to see what has happened to Kitex stock price and it can happpen to any high price stock if promises are not met.

    Reply
  • July 11, 2018 at 3:24 PM
    Permalink

    At this price, this iPO is very expansive and risky. profits are there but they are not very high. Worse, it has been in losses in the past. Better to avoid this.

    Reply

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