TCNS Clothing Co. Limited IPO: Should I apply?

As on 21 July 2018 :

GMP INR 12 ,Kostak INR 250 ,Subject to INR 450

Subscription : Fully Subscribed, Firm allotment to Retail investors

What business TCNS do?

TCNS Clothing Co. Limited is Delhi based company.  TCNS Clothing Co. Limited was incorporated in 1997.  TCNS Clothing Co. Limited operates brands like W and Aureli. It is one of India’s leading women’s branded apparel companies. TCNS manufacture, design, and retail women’s branded apparel covering multiple brands. It has multiple distribution channels by which company covers business all over the country.

Current business status

TCNS sells its products through its own website and online retailers.

TCNS has 418 exclusive brands, 1305 large format stores and 1361 multi brands through which the company is operating.

TCNS is currently located in 29 states and two union territories in India.

TCNS sold its products through six exclusive brand outlets in Nepal, Mauritius, and Sri Lanka.

TCNS is selling top-wear, bottom-wear, drapes, Combination-sets and accessories.

Brands of TCNS:

Currently It has 3 brands.

1. W has products for woman who are working and casual wear.

2. Aurelia has products for woman who wants better design and quality in their working or casual wear.

3. Wishful providing woman cloths for occasions like wedding or festivals.


– TCNS Clothing Co. Limited has a strong position to leverage growth in the women’s apparel industry in India
– TCNS Clothing Co. Limited is Leading women’s apparel company in India and it has a portfolio of established brands
– TCNS Clothing Co. Limited enjoys widespread distribution network and presence across a variety of retail channels

Company Promoters:

  1. Onkar Singh Pasricha
  2. Arvinder Singh Pasricha.

In the aggregate, 21,378,245 Equity Shares which constitutes 37.93% of the Company’s issued, subscribed and paid-up Equity Share capital is held by the Company Promoters.

Company Financials:

Particulars For the year/period ended (in Rs. Million)
31-Mar-18 31-Mar-17 31-Mar-16 (Proforma)
Total Assets 5,763.59 4,258.04 3,087.843
Total Revenue 8,491.57 7,129.73 4,881.35
Profit After Tax 980.97 157.97 (414.96)


Objects of the Issue:

TCNS Clothing Co. Limited IPO is to attain the profits of listing the Equity Shares on the Stock Exchanges.

The issue is for the sale of up to 15,714,038 Equity Shares by the Selling Shareholders. Moreover, the Company anticipates that listing of the Equity Shares will increase the visibility and brand image and furnish liquidity to the shareholders.

The listing will also provide a public market for the Equity Shares in India.

TCNS Clothing IPO Timeline:

Bid/Offer Opens On: Jul 18, 2018

Bid/Offer Closes On: Jul 20, 2018

Finalisation of Basis of Allotment: On or about Jul 25, 2018

Initiation of refunds: On or about Jul 26, 2018

Credit of Equity Shares to demat accounts: On or about Jul 27, 2018

Commencement of trading of the Equity Shares on the Stock Exchanges: On or about Jul 30, 2018

Issue Detail:

Issue Open: Jul 18, 2018 – Jul 20, 2018

Issue Type: Book Built Issue IPO

Issue Size: 15,714,038 Equity Shares of Rs 2 aggregating up to Rs 1,125.13 Cr

Face Value: Rs 2 Per Equity Share

Issue Price: Rs 714 – Rs 716 Per Equity Share

Market Lot: 20 Shares

Minimum Order Quantity: 20 Shares

Listing At: BSE, NSE

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

Phone: +91-40-23312454

Fax: +91-40-23311968

Email: [email protected]


TCNS Clothing IPO Lead Managers:

  1. Citigroup Global Markets India Private Limited
  2. Kotak Mahindra Capital Company Limited

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