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Open
31 Jan to 6 Feb, 2018
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Close
31 Jan to 6 Feb, 2018
3
Allotment
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Listing
Thu, Feb 15, 2018
Price Band
₹10 per share
Issue Size
44,70,000 shares (agg. up to ₹4 Cr)
Lot Size
10,000 Shares
Listing Date
Thu, Feb 15, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.04x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jul 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 14.93 | 13.95 | 5.13 | 5.57 |
| Total Income | 6.63 | 16.45 | 12.11 | 14.16 |
| Profit After Tax | 0.28 | 0.15 | -0.03 | 0.06 |
| NET Worth | 6.18 | 3.04 | 0.42 | 0.46 |
| Reserves and Surplus | 0.52 | 0.76 | 0.41 | 0.45 |
| Total Borrowing | 2.34 | 2.34 | 1.82 | 2.20 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of working capital requirements of the Company | 4.17 |
| 2 | Issue Expenses | 0.30 |
About Lorenzini Apparels IPO
Incorporated in 2007, Lorenzini Apparels Limited is engaged into the business of manufacturing, designing and marketing of readymade garments. Lorenzini Apparels offers diverse range of formal, semi-formal and casual wear for men and casual wear for women under the brand name 'Monteil & Munero', 'Monteil' and 'Calgari'.Company has its own manufacturing setup at Delhi. The manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. Company also outsources some of the manufacturing. Lorenzini Apparels sells its products through retail shops and online. Company sells its products through 18 exclusive stores/oulets located in Delhi, Haryana and Uttar Pradesh.Lorenzini Apparels also have supply agreement with some of the e-commerce platform including Myntra, Limeroad, Flipkart, Jabong, Amazon, paytm etc. Company also have franchise model to sell products.Company has 62 employees including 2 management personnel, 10 Skilled, 40 semi skilled and 12 unskilled employees.+ Read More
Contact Details
Lorenzini Apparels Ltd. AddressTA 168 & 187 Ground FloorStreet No.2Tuglakabad ExtnNew Delhi, New Delhi, 110019011 40504731cs@mymonteil.comVisit Website