TCNS CLOTHING CO. LIMITED

       TCNS Clothing Co Limited :Initial public Offer to open on

                    july 18, 2018 and close on july 20, 2018

                               Price Band : Rs. 714 to 716 per equity share

Mumbai,july 11, 2018 : TCNS Clothing Co Limited (the “Company”), proposes to open its initial public offering of 15,714,038 Equity shares on july 18,2018 (“the offer”). The offer comprises an offer for sale by Onkar Singh Pasricha, Arvinder Singh Pasricha (together, the “Promoter Selling Shareholders”), Anant Kumar Daga, Saranpreet Pasricha, Angad Pasricha, Vijay Kumar Mishra and Amit Chand (collectively, the “Other Selling Shareholder”) and Wangner Limited (“Wagner” or “ Investor Selling Shareholder”). The offer shall constitute up to 25.63% of the post –offer paid –up equity share capital of our Company.

The Bid/Offer Period closes on July 20,2018. The Company, The Promoter Selling Shareholder and the Investor Selling Shareholder, in consultation with BRLMs, may consider participation by Anchor Investors, in accordance with the SEBI ICDR Regulations. The Anchor investor Bidding Date SHALL BE ONE Working Day prior to the Bid/Offer Opening Date.

The Price Band for the Offer from Rs. 714 to Rs. 716 per Equity Share. Bids can be made for a minimum lot of 20 Equity Shares and in multiples of 20 Equity Shares thereafter.

The Equity Shares are proposed to be Listed on BSE and  NSE. 

The Book Running Lead Managers (“BRLMs”) to the Offer are Kotak Mahindra Capital Company Limited and Citigroup Global Markets India Private Limited. Karvy Computershare Private Limited is the register to the Offer.

The Offer is being made in terms of rule 19 (2) (b) of the Securities Contracts (Regulation)Rules, 1957, as amended (the “SCRR”). It is being made in accordance with Regulation 26 (1) Of the Secruties and exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation , 2009, as amended (the “SEBI ICDR Regulations”) through the Book Building Process, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”),provided that the Company, the Promoter Selling Shareholders and the Investor Selling Shareholder, in consultation with the BRLMs, may allocate up is made to anchor Investors , which price shall be determined by the Company, the Promoter Selling Shareholders and the Investor Selling Shareholder in consultation with the BRLMs.5% of the QIB Category (excluding the Anchor Investor Portion )shall be available for allocation on a proportionate basis to mutual Funds only, and the remainder of the QIB Category shall be available for allocation on a proportionate bais to all QIB being received at or above the Offer Price.

Further, not less than  15% of the Offer shall be available for allocation on a proportionate basis to Non –Institutinal Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bildders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer price. All potential Bidders, other than Anchor Investors, shall mandatorily participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank account in which the Bid Amount will be blocked by the SCSBs. Anchor Investors are not permitted to participate in the Anchor Investor Portion through ASBA process. For details, see “Offer Procedure” on page 273 of the Red Herring Prospectus dated July 8, 2018 (RHP”).