TCNS Clothing's IPO Opens On July 18

The shares will be listed National Stock Exchange and Bombay Stock Exchange
INDORE, India - July 12, 2018 - PRLog -- Apparel maker, TCNS Clothing Company Pvt Ltd, on Wednesday said that it will raise its Initial Public Offering (IPO) of Rs. 1,125 for subscription on July 18, with the price band of Rs.714 to Rs.716 per equity share.

Bids can be made for a minimum lot of 20 equity shares and in multiples thereafter. The IPO will close on July 20.  The shares will be listed NSE and BSE on July 30.

The IPO comprises of 1.57 crore of shares through an offer-for-sale route, comprising up to 25.63% of equity in the company.

The IPO will value the company at Rs 44 billion. TCNS Clothing Company sells its products, which mainly includes ethnic wear, through 460 rented brand outlets and 1,522 multi-brand outlets.

TCNS Clothing is an India's leading women's branded Apparel Company, based in New Delhi. The company's revenues grew at 49 percent Compound annual growth rate in the last 5 years and its margins grew at 82 percent in the last five years.

TCNS Clothing Company expects that listing of the Equity Shares will increase its visibility and brand image and give liquidity to its shareholders. The listing will further provide a public market for the Equity Shares in India.

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