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Open
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Close
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Allotment
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Listing
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Issue Size
40,00,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 139.75 | 109.62 | 65.75 | 46.17 |
| Total Income | 87.17 | 100.65 | 60.71 | 51.22 |
| Profit After Tax | 11.98 | 10.58 | 3.88 | 1.21 |
| EBITDA | 20.11 | 17.60 | 6.47 | 2.11 |
| NET Worth | 34.31 | 20.38 | 9.80 | 4.71 |
| Reserves and Surplus | 24.23 | 20.29 | 9.71 | 4.66 |
| Total Borrowing | 39.53 | 38.57 | 5.14 | 4.79 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shree Balaji (Mala) Textiles Ltd. | SME | ₹18.90 Cr | ₹70 | 8.62 | ₹126.35 | +80.50% | ₹70.80 |
| Riyaasat Lifestyle Ltd. | SME | ₹30.20 Cr | ₹106 | 17.2 | ₹80.60 | -23.96% | ₹56.00 |
| Rajnandini Fashion India Ltd. | SME | ₹18.21 Cr | ₹63 | 9.31 | ₹60.57 | -3.86% | ₹34.60 |
| Kiaasa Retail Ltd. | SME | ₹69.74 Cr | ₹127 | 19.31 | ₹116.85 | -7.99% | ₹31.75 |
| Fractal Industries Ltd. | SME | ₹49.00 Cr | ₹216 | 15.99 | ₹217.55 | +0.72% | ₹203.00 |
| Vashishtha Luxury Fashion Ltd. | SME | ₹8.87 Cr | ₹111 | 12.14 | ₹121.75 | +9.68% | ₹64.68 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards purchase of new equipment/machineries for installation at our New Manufacturing Unit of the Company located at Gurugram, Haryana. | 5.05 |
| 2 | Capital expenditure towards interior work and for setting up new Exclusive brand outlets (“EBOs”). | 2.66 |
| 3 | Funding Working Capital Requirement | 40.00 |
| 4 | Repayment/prepayment of certain borrowings availed by the Company. | 3.16 |
| 5 | General Corporate Purpose | |
| Total | 50.87 |
About Norspin International IPO
Incorporated in April 2018, Norspin International Limited is engaged in the manufacturing, designing, branding, and retailing of ready-made apparel under its in-house brands, Canoe and Canoe Plus. The company offers a wide range of men's and women's fashion products, including topwear, bottomwear, and accessories, with a primary focus on the men's wear segment. The company follows an asset-light business model by combining in-house manufacturing with outsourced production through job workers. It serves customers through a diversified multi-channel distribution network comprising Exclusive Brand Outlets (EBOs), Multi-Brand Outlets (MBOs), Large Format Stores (LFSs), franchise stores, and leading e-commerce platforms across India. Norspin has an in-house design and product development team that continuously develops new collections based on evolving fashion trends and consumer preferences. As of the DRHP date, the company operated 11 Exclusive Brand Outlets and had a PAN India presence through an extensive network of retail partners. The company focuses on quality fabrics, innovative designs, strong customer relationships, and scalable operations. As of the DRHP date, Norspin Interna
Contact Details
Norspin International Ltd. AddressUnit No 807 to 811 (Eighth Floor)ILD Trade CentreSector 47Gurugram, Haryana, 1220187206084087Compliance@norspin.comVisit Website