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”).
