After good response to IPO, TCNS Clothing to make debut on bourses today

TCNS Clothing Company sells its products under W, Aurelia and Wishful brands

tcns clothing, bse, sensex, bombay stock exchange
The HDFC Bank counter witnessed volumes of Rs 21 billion in the cash segment
Press Trust of India
Last Updated : Jul 30 2018 | 9:14 AM IST
TCNS Clothing is scheduled to get listed on BSE and NSE on Monday. 

The initial public offer (IPO) of the women's apparel maker was subscribed 5.27 times overall. 

The Rs 11.25-billion public offer received bids for 5,79,79,780 shares against the total issue size of 1,09,99,828, data available with the NSE showed. 

The category reserved for qualified institutional buyers (QIBs) was subscribed over 13 times and those of non-institutional and retail investors 5 times and over 60 per cent, respectively. 

Price band for the offer, which opened on Wednesday, was fixed at Rs 714-716 per share. 

TCNS Clothing Company, which sells its products under W, Aurelia and Wishful brands, also raised over Rs 3.37 billion from anchor investors.

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