Lorenzini Apparels IPO is all about to make its debut on Jan 31 2018 with issue size of INR 4.47 Cr
Founded in 2007, Lorenzini Apparels Limited is a company that manufactures, designs, and markets ready-made clothing. Under the brand names “Monteil & Munero,” “Monteil,” and “Calgari,” Lorenzini Apparels offers a varied range of formal, semi-formal, and casual attire for men and casual wear for ladies. The company has a production facility in Delhi. Cutting, sewing, stitching, finishing, inspecting, and packing are all parts of the production process. The business also contracts out some of its manufacturing.
Retail stores and the internet are two ways that Lorenzini Apparels offers its goods. The business has 18 unique stores or outlets across Delhi, Haryana, and Uttar Pradesh where it offers its goods. Additionally, Lorenzini Apparels has supply agreements with other e-commerce sites, such as Myntra, Limeroad, Flipkart, Jabong, Amazon, and Paytm. The business uses a franchising concept to market its goods.
INDUSTRY OVERVIEW
Fine craftsmanship and international appeal have long been hallmarks of Indian textiles and clothing. India’s cotton, silk, and denim are very well-liked internationally, and with the rise of Indian design skill, Indian clothing has also achieved success in the world’s fashion hubs.
India, which has a sizable raw material and manufacturing base, is the second-largest maker and exporter of textiles and garments worldwide. Both in terms of exports and its domestic share of the economy, the industry plays a large role. It contributes around 10% to manufacturing output, 2% to GDP, and 15% of the overall revenue from exports of the nation. In FY 2015–16, the sector employed roughly 51 million people directly and 68 million people indirectly, making it the second largest employer in the nation. As of 2016–17, the apparel and garment sector employed 12.3 million people and generated 3.6 million tonnes (MT) of clothing and textiles.
Lorenzini Apparels IPO Details
| IPO Date | Jan 31, 2018 to Feb 6, 2018 |
| Listing Date | Feb 15, 2018 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 4,470,000 shares(aggregating up to ₹4.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Lorenzini Apparels IPO Tentative Dates
Lorenzini Apparels IPO opens on Jan 31, 2018, and closes on Feb 6, 2018.
| Event | Tentative Date |
| Opening Date | Jan 31, 2018 |
| Closing Date | Feb 6, 2018 |
| Basis of Allotment | Feb 9, 2018 |
| Initiation of Refunds | Feb 12, 2018 |
| Credit of Shares to Demat | Feb 14, 2018 |
| Listing Date | Feb 15, 2018 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Financials
| Particulars | For the year/period ended (in Rs. million) | |||||
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 139.51 | 51.31 | 55.68 | 41.69 | 64.19 | |
| Total Revenue | 164.49 | 121.08 | 141.64 | 115.97 | 131.61 | |
| Profit After Tax | 1.48 | -0.30 | 0.55 | 1.19 | -0.47 | |
Objects of the Issue
The Issue’s goals are:
1. Funding the Company’s need for working capital
2. Issue Expenses.
Lorenzini Apparels IPO Prospectus
Company Contact Information
Lorenzini Apparels Limited
TA 168 & 187 Ground Floor,
Street No. 2, Tuglakabad Extn,
New Delhi 110019
Phone: 011 40504731
Email: cs@mymonteil.com
Website: http://www.mymonteil.com/
Lorenzini Apparels IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Lorenzini Apparels IPO Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
