Home Blog Page 69

Arvee Labs IPO: GMP, Price, Dates, Issue Size 

0

Arvee Labs IPO is set to make its debut on 9th feb 18 with 61 cr is engaged in the business of spinning of cotton yarn. 

Arvee Labs IPO – overview 

IPO Dates  9-14 Feb 18 
IPO Price  INR 61 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  1,460,000 shares (INR 8.91 crore) 
Minimum bid (lot size)  2000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 

Company Overview    

Incorporated in 2012, Arvee Laboratories (India) Limited is Ahmadabad, Gujarat based company engaged in trading in specialty chemicals by getting manufacturing done on job work basis. The company has plans to begin manufacturing specialty chemicals in the near future. 

Arvee Labs is mainly engaged in manufacturing of Polymer Modifiers, Contrast Media Intermediates and Drug Intermediates. The company caters to the demand of both domestic as well as international markets. 

Arvee Labs bought land, building and machinery from Skylink Chemicals Private Limited who were engaged in the manufacturing of specialty chemicals. Currently, the Company is negotiating with IDBI Bank Limited to take over the business of Sky lead Chemicals Limited, which has been declared as sick by BIFR. 

Objects of the Issue 

1 .Re-payment of Unsecured Loans of Promoters
2. Issue Expenses. 

Company Financials      

Particulars          31-Mar-17 31-Mar-16 31-Mar-15 
Total Assets          356.75 352.10 260.29 
Total Revenue          349.37 269.24 130.52 
Profit After Tax          15.52 1.87 16.47 

Company Contact Information 

Arvee Laboratories (India) Limited 
4th Floor, Anison Buliding, Stadium Five Roads, 
Swastik Society, Opp. Shreyas Hospital, 
Navrangapura, Ahmedabad 380009 
Phone: +91-79-26749036/37/38 
Email: shalin.patel@arveelabs.com 
Website: http://arveelabs.com/ 

Arvee Labs IPO Registrar 

Bigshare Services Pvt Ltd 
 
Phone: +91-22-6263 8200 
Email: ipo@bigshareonline.com 
Website: https://www.bigshareonline.com/ 

Arvee Labs IPO Lead Manager(s) 

  1. Sarthi Capital Advisors Private Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

Bhatia Communications & Retail IPO: GMP, Price, Dates, Issue Size 

0

Bhatia Communications & Retail IPO is set to make its debut on 8th  feb 18 with 24.75 cr is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc.

Bhatia Communications & Retail IPO – overview 

IPO Dates  8-12 Feb 18 
IPO Price  INR 150 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  1,650,000 shares (INR 24.75 crore) 
Minimum bid (lot size)  1000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 

Company Overview    

 
Incorporated in 2008, Bhatia Communications & Retail (India) Limited is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. Company sells smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc., mobile related products, tablets, data cards, accessories under one roof through its owned 72 retail outlets and 24 franchisees located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc. 

The company also provides credit/EMI facilities to its customers for buying its products for which it has tied up with major leading credit houses like Bajaj FinServ, Capital First etc. 

The company purchases the phones either from distributors or directly from the manufacturers. Bhatia Communications have 84 full-time employees. 

Objects of the Issue 

1.Long-term Working capital requirement 
2. General Corporate Purpose, 
3. Meeting Public Issue Expenses. 

Company Financials      

Particulars          31-Mar-17 31-Mar-16 31-Mar-15 
Total Assets          250.12 178.48 183.34 
Total Revenue          1334.91 960.81 1105.74 
Profit After Tax          4.78 3.09 3.42 

Company Contact Information 

Bhatia Communications & Retail (India) Limited 
132, Dr. Ambedkar Shopping Centre, 
Ring Road, Surat 395 002. 
 
Phone: 0261-2349892 
Email: info@bhatiamobile.com 
Website: http://bhatiamobile.com/ 

Bhatia Communications IPO Registrar 

Purva Sharegistry India Pvt Ltd 
 
Phone: +91-022-23018261/ 23016761 
Email: busicomp@gmail.com 
Website: http://www.purvashare.com 

Bhatia Communications IPO Lead Manager(s) 

  1. Guiness Corporate Advisors Pvt Ltd (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

Bhatia Communications & Retail IPO: GMP, Price, Dates, Issue Size 

0

Bhatia Communications & Retail IPO is set to make its debut on 8th feb 18 with 24.75 cr is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products

Bhatia Communications & Retail IPO – overview 

IPO Dates  8-12 Feb 18 
IPO Price  INR 150 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  1,650,000 shares (INR 24.75 crore) 
Minimum bid (lot size)  1000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 

Company Overview    

 
Incorporated in 2008, Bhatia Communications & Retail (India) Limited is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. Company sells smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc., mobile related products, tablets, data cards, accessories under one roof through its owned 72 retail outlets and 24 franchisees located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc. 

The company also provides credit/EMI facilities to its customers for buying its products for which it has tied up with major leading credit houses like Bajaj FinServ, Capital First etc. 

The company purchases the phones either from distributors or directly from the manufacturers. Bhatia Communications have 84 full-time employees. 

Objects of the Issue 

1.Long-term Working capital requirement 
2. General Corporate Purpose, 
3. Meeting Public Issue Expenses. 

Company Financials      

Particulars          31-Mar-17 31-Mar-16 31-Mar-15 
Total Assets          250.12 178.48 183.34 
Total Revenue          1334.91 960.81 1105.74 
Profit After Tax          4.78 3.09 3.42 

Company Contact Information 

Bhatia Communications & Retail (India) Limited 
132, Dr. Ambedkar Shopping Centre, 
Ring Road, Surat 395 002. 
 
Phone: 0261-2349892 
Email: info@bhatiamobile.com 
Website: http://bhatiamobile.com/ 

Bhatia Communications IPO Registrar 

Purva Sharegistry India Pvt Ltd 
 
Phone: +91-022-23018261/ 23016761 
Email: busicomp@gmail.com 
Website: http://www.purvashare.com 

Bhatia Communications IPO Lead Manager(s) 

  1. Guiness Corporate Advisors Pvt Ltd (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

Tasty Dairy Specialities IPO: GMP, Price, Dates, Issue Size 

0

Tasty Dairy Specialities IPO is set to make its debut on 8th feb 18 with 24.75 cr is engaged in processing milk, along with bulk milk procurement and handling. 

Tasty Dairy Specialities IPO – overview 

IPO Dates  7-12 Feb 18 
IPO Price  INR 45 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  5,430,000 shares (INR 24.44 crore) 
Minimum bid (lot size)  3000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 
Eastern Logica IPO Details, GMP, Price, Issue Size

Company Overview    

 
 
Incorporated in 1992, Tasty Dairy Specialities Ltd is engaged in processing milk, along with bulk milk procurement and handling during season time which primarily caters to bulk and marquee institutional customers. Company is further involved in value added milk products like Skimmed Milk Powder, Butter, Ghee, Dairy Whitener, Concentrated Milk etc. 

They have wide range of quality dairy products which includes Pasteurized Liquid Milk, Cream, Butter (White/Salted), Pure Desi Ghee (Clarified Butter), Paneer (Fresh Cottage Cheese), Skimmed Milk Powder, Full Cream Milk Powder, Dairy Whitener, Instant Gulab Jamun Mix, Peda (an Indian Sweet), Mithai Powder etc. They are packaged under the brand names UJJWAL SHIKHAR, VERIFRESH, “CIMA”, “MITHAI MASTER” and are available in Uttar Pradesh, Madhya Pradesh and Bihar, 

Currently they process approximately 5,00,000 litres of raw milk which comprises 1,60,000 litres of milk packaging, 20,000 liters of buttermilk packaging, 2,20,000 Litres of Skimmed Milk Powder and Ghee and 2,00,000 litres of bulk milk processing. 

Company’s customer base includes Delhi Milk scheme (a Central Government of India Organisation), Mother Dairy (wholly owned subsidiary of the National Dairy Development Board (NDDB)), Parle Products, Sterling Agro Industries Limited, Kwality Dairy Limited, Perfetti Van Melle etc. 

Objects of the Issue 

1. To meet Working Capital Requirements 
2. General Corporate Purposes 
3. To meet the Issue Expenses 

Company Contact Information 

Tasty Dairy Specialities Ltd 
D – 3, UPSIDC Industrial Area, 
Jainpur, Kanpur Dehat – 209 311 
 
Phone: + 91 512 7107777 
Email: info@tastydairy.com 
Website: http://www.tastydairy.com 

Tasty Dairy Specialities IPO Registrar 

Bigshare Services Pvt Ltd 
 
Phone: +91-22-6263 8200 
Email: ipo@bigshareonline.com 
Website: https://www.bigshareonline.com/ 

Tasty Dairy Specialities IPO Lead Manager(s) 

  1. Mark Corporate Advisors Private Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

Southwest Pinnacle IPO: GMP, Price, Dates, Issue Size 

0

Southwest Pinnacle IPO is set to make its debut on 6th feb 18 with 35.86 cr is engaged in the business of providing drilling, exploration and allied services.

Southwest Pinnacle IPO – overview 

IPO Dates  6-8 Feb 18 
IPO Price  INR 78 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  4,596,800   shares (INR 35.86 crore) 
Minimum bid (lot size)  1000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 

Southwest Pinnacle IPO – Tentative Dates           

IPO Offer Opening Date  6 Feb 2018 
IPO Closing Date  8 Feb 2018 
Finalization of Basis of Allotment  14 Feb 2018 
Initiation of refunds  15 Feb 2018 
Transfer of shares to demat accounts  16 Feb 2018 
IPO Listing Date  20 Feb 2018 

Company Overview    

Incorporated in 2006, Southwest Pinnacle Exploration Limited is a Gurgaon, Haryana based company engaged in the business of providing drilling, exploration and allied services to coal, ferrous, nonferrous, atomic and base metal mining industries and water & unconventional energy industries. Company also provides consultancy for geological field services and allied services. The company has an in-house team of geoscientists for providing integrated exploration services including geophysical logging, surface geophysical & topographic surveys. 

Company is also into aquifer mapping for Hydro-geological organizations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater. This helps in identifying zones for groundwater development, groundwater recharge, rainwater harvesting etc. 

The company has 37 operational rigs. The company drills upto a depth of 2500 meters and has completed more than 950,000 meters of drilling including 60 CBM exploratory and 166 CBM production wells for both Government and Private Sectors. 

Objects of the Issue 

1. Repayment/ Prepayment of certain Secured Borrowings availed by our company 
2. Repayment/ Prepayment of certain Unsecured Borrowings availed by the company; 
3. Purchase of Machinery; 
4. Funding the working capital requirements of the Company; 
5. General Corporate Purposes. 

Company Financials      

Particulars          31-Mar-17 31-Mar-16 31-Mar-15 
Total Assets          250.12 178.48 183.34 
Total Revenue          1334.91 960.81 1105.74 
Profit After Tax          4.78 3.09 3.42 

Company Contact Information 

South West Pinnacle Exploration Ltd 
Siddhartha House, 
4th Floor, Plot No. 6, 
Sector 44, Gurgaon 
Phone: +91 124 4235400 
Email: investors@southwestpinnacle.com 
Website: http://www.southwestpinnacle.com/ 

South West Pinnacle IPO Registrar 

Link Intime India Private Ltd 
 
Phone: +91-22-4918 6270 
Email: swpel.ipo@linkintime.co.in 
Website: https://linkintime.co.in/ 

South West Pinnacle IPO Lead Manager(s) 

  1. Pantomath Capital Advisors Pvt Ltd (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

Banka BioLoo IPO: GMP, Price, Dates, Issue Size 

0

Banka BioLoo IPO is set to make its debut on 5th feb 18 with 12.63 cr is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products.

Banka BioLoo IPO – overview 

IPO Dates  5-16 Feb 18 
IPO Price  INR 115 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  1,098,000 shares (INR 12.63 crore) 
Minimum bid (lot size)  1200 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 
Eastern Logica IPO Details, GMP, Price, Issue Size

Banka BioLoo IPO – Tentative Dates           

IPO Offer Opening Date  5 Feb 2018 
IPO Closing Date  6 Feb 2018 
Finalization of Basis of Allotment  12 Feb 2018 
Initiation of refunds  14 Feb 2018 
Transfer of shares to demat accounts  15 Feb 2018 
IPO Listing Date  16 Feb 2018 

Company Overview    

 
Incorporated in 2008, Banka BioLoo (India) Limited is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. Company sells smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc., mobile related products, tablets, data cards, accessories under one roof through its owned 72 retail outlets and 24 franchisees located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc. 

The company also provides credit/EMI facilities to its customers for buying its products for which it has tied up with major leading credit houses like Bajaj FinServ, Capital First etc. 

The company purchases the phones either from distributors or directly from the manufacturers. Bhatia Communications have 84 full-time employees. 

Objects of the Issue 

1. Finance capital expenditures at existing Inoculum unit at Aler. 
2. Finance capital expenditures at proposed new unit at Ibrahimpatnam. 
3. Finance Working Capital Requirements. 
4. General Corporate Purposes. 
5. Issue Related Expenses. 

Company Contact Information 

Banka BioLoo Limited 
Plot no 11-4-651, A�109, 
Express Apartment, 
Lakdi ka Pool, Hyderabad � 500 004 
Phone: +91 40 2980 1495 
Email: investor.relations@bankabio.com 
Website: http://www.bankabio.com 

Banka Bioloo IPO Registrar 

Bigshare Services Pvt Ltd 
 
Phone: +91-22-6263 8200 
Email: ipo@bigshareonline.com 
Website: https://www.bigshareonline.com/ 

Banka Bioloo IPO Lead Manager(s) 

  1. Aryaman Financial Services Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

Mohini Health IPO: GMP, Price, Dates, Issue Size 

0

Mohini Health IPO is set to make its debut on 5th feb 18 with 19.73 cr is Pithampur, an MP based company engaged in the business of manufacturing and export of absorbent cotton and medical consumable products. 

Mohini Health IPO – overview 

IPO Dates  5-7 Feb 18 
IPO Price  INR 150 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  4,932,000 shares (INR 19.73 crore) 
Minimum bid (lot size)  3000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 
Eastern Logica IPO Details, GMP, Price, Issue Size

Mohini Health IPO – Tentative Dates           

IPO Offer Opening Date  5 Feb 2018 
IPO Closing Date  7 Feb 2018 
Finalization of Basis of Allotment  12 Feb 2018 
Initiation of refunds  14 Feb 2018 
Transfer of shares to demat accounts  14 Feb 2018 
IPO Listing Date  16 Feb 2018 

Company Overview    

 
Incorporated in 2009, Mohini Health & Hygiene Ltd is Pithampur, an MP based company engaged in the business of manufacturing and export of absorbent cotton and medical consumable products. Company owns in both domestic and international markets. The company’s revenue from operations from domestic region is 44.77% and the international market is 55.23%. Company exports its products majorly to countries such as Portland, Italy, Latvia, Russia, Spain and Greece. 

The company was initially engaged in the business of dealing and processing of raw cotton, yarn and textile fabric. The company has now diversified into the health & hygiene sector. 

Product Portfolio: 
1. Absorbent Bleached Surgical Cotton 
2. Absorbent Cotton Wool 
3. Cotton Balls 
4. Cotton Ear Buds 
5. Cotton Zig Zag 

Objects of the Issue 

1. Repayment/Prepayment of certain unsecured borrowings by the company; 
2. Funding the working capital requirements of the company; 
3. General corporate purposes. 

Company Contact Information 

Mohini Health & Hygiene Ltd 
Plot no 109, Sector no 3, 
Industrial Area, 
Pithampur Dist Dhar 454774 
Phone: +91 7292 426666 
Email: cs@mohinihealthandhygiene.com 
Website: http://www.mohinihealthandhygiene.com 

Mohini Health IPO Registrar 

Link Intime India Private Ltd 
 
Phone: +91-22-4918 6270 
Email: mohini.ipo@linkintime.co.in 
Website: https://linkintime.co.in/ 

Mohini Health IPO Lead Manager(s) 

  1. Pantomath Capital Advisors Pvt Ltd (Past IPO Performance) 
  1. Small Industries Development Bank Of India (Sidbi) (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

Sintercom India IPO: GMP, Price, Dates, Issue Size 

0

Sintercom India IPO is set to make its debut on 5th feb 18 with 42.55 cr is engaged in the business of spinning of cotton yarn. 

Sintercom India IPO – overview 

IPO Dates  5-7 Feb 18 
IPO Price  INR 65 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  6,546,000 shares (INR 42.55 crore) 
Minimum bid (lot size)  2000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 

Company Overview    


 
Incorporated in 2007, Sintercom India Limited is Pune-based Company engaged in the business of manufacturing sintered metal automotive components of engines, transmissions systems, body chassis and exhaust applications using sintering manufacturing processes. The products manufactured by the company are used in the commercial and passenger vehicles. 

The main product line of the Company is the manufacturing of high strength structural sintered components for Engine and Transmissions. 

Company mainly caters to the domestic Original Equipment manufacturers (OEM) buyers like Maruti Suzuki Limited, Mahindra & Mahindra Limited, Bajaj Auto Limited and Fiat India Automobiles Private Limited in automotive segment. The company has an in-house dedicated Research & Development team. The company has been developing new products in engines, transmission systems and body chasis for OEMs and Tier-1 customers. 

Objects of the Issue 

1. To finance expansion of production capacity at existing unit 
2. Part repayment of secured and unsecured loan availed by the Company. 
3. Funding the working capital requirements of the Company 
4. General corporate purposes. 

Company Contact Information 

Sintercom India Limited 
Gat No. 127, At Post Mangrul, 
Taluka Maval, Talegaon Dabhade, 
Pune 410 507 
Phone: +91 2114 661200 
Email: investor@sintercom.co.in 
Website: http://www.sintercom.co.in/ 

Sintercom India IPO Registrar 

Link Intime India Private Ltd 
 
Phone: +91-22-4918 6270 
Email: sintercom.ipo@linkintime.co.in 
Website: https://linkintime.co.in/ 

Sintercom India IPO Lead Manager(s) 

  1. Pantomath Capital Advisors Pvt Ltd (Past IPO Performance

Lead Manager Reports 

Kenvi Jewels IPO: GMP, Price, Dates, Issue Size 

0

Kenvi Jewels IPO is set to make its debut on 2th feb 18 with 24.75 cr is engaged in the business of spinning of cotton yarn. 

Kenvi Jewels IPO – overview 

IPO Dates  2-7 Feb 18 
IPO Price  INR 36 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  1,860,000 shares (INR 6.70 crore) 
Minimum bid (lot size)  3000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  BSE Emerge 

Kenvi Jewels IPO – Tentative Dates           

IPO Offer Opening Date  2 Feb 2018 
IPO Closing Date  7 Feb 2018 
Finalization of Basis of Allotment  12 Feb 2018 
Initiation of refunds  14 Feb 2018 
Transfer of shares to demat accounts  14 Feb 2018 
IPO Listing Date  16 Feb 2018 

Company Overview    

 
Incorporated in 2013, Kenvi Jewels Ltd(KJL) is Ahmedabad based commpany engaged in manufacturing and retailing of jewellery. Company also engaged into wholesaling and trading of gold jewellery. Kenvi Jewels sell gold jewellery made with or without studded diamonds, precious and semi-precious stones. Company’s product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles. 

Kenvi Jewels retail business is done through its showroom situated at Odhav, Ahmedabad. KJL sells its jewellery under the brand name of ‘Suvarnakrupa’. KJL buys its raw materials from bullion market & local markets in Ahmedabad which are then designed and moulded into gold jewellery. 

Objects of the Issue 

1. To meet working capital requirement. 
2. To meet the expenses of the Issue. 

Company Contact Information 

Kenvi Jewels Limited 
14, Nav Durga Complex, Opp. Nav Durga Society, 
Ambicanagar, Odhav, 
Ahmedabad – 382415 
Phone: +91 79 22973199, 22891099 
Email: compliance.kjl@gmail.com 
Website: http://www.kenvijewels.com/ 

Kenvi Jewels IPO Registrar 

Kfin Technologies Limited 
 
Phone: 04067162222, 04079611000 
Email: kenvijewels.ipo@karvy.com 
Website: https://karisma.kfintech.com/ 

Kenvi Jewels IPO Lead Manager(s) 

  1. First Overseas Capital Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

Lorenzini Apparels IPO: GMP, Price, Issue size & Dates

0

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 DateJan 31, 2018 to Feb 6, 2018
Listing DateFeb 15, 2018
Face Value₹10 per share
Price₹10 per share
Lot Size10000 Shares
Total Issue Size4,470,000 shares(aggregating up to ₹4.47 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Eastern Logica IPO Details, GMP, Price, Issue Size

Lorenzini Apparels IPO Tentative Dates

Lorenzini Apparels IPO opens on Jan 31, 2018, and closes on Feb 6, 2018.

EventTentative Date
Opening DateJan 31, 2018
Closing DateFeb 6, 2018
Basis of AllotmentFeb 9, 2018
Initiation of RefundsFeb 12, 2018
Credit of Shares to DematFeb 14, 2018
Listing DateFeb 15, 2018
UPI Mandate Confirmation Cut-Off Time5.00 PM on the issue closing day

Company Financials

ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets139.5151.3155.6841.6964.19
Total Revenue164.49121.08141.64115.97131.61
Profit After Tax1.48-0.300.551.19-0.47

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

  ›  Lorenzini Apparels IPO DRHP

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
Websitehttp://www.mymonteil.com/

Lorenzini Apparels IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Websitehttps://www.skylinerta.com/

Lorenzini Apparels IPO Lead Manager(s)

  1. Fedex Securities Limited (Past IPO Performance)

Lead Manager Reports

  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Tracker