Shares of TCNS Clothing Co. were trading at Rs 635 at 12:10 IST on BSE, a discount of 11.18% over the issue price of Rs 716 on its debut on the bourses today, 30 July 2018.
Meanwhile, the S&P BSE Sensex was up 41.52 points or 0.11% at 37,378.37
Shares of TCNS Clothing Co. listed at Rs 715 on the BSE , a discount of 0.13% from the issue price of Rs 716. The stock had hit a high of Rs 724.50 and low of Rs 626.60 so far during the day. So far, 6.82 lakh shares were traded on the counter on the BSE.
The initial public offer (IPO) of TCNS Clothing Co. received bids for 5.79 crore shares as against 1.09 crore shares on offer, as per the National Stock Exchange of India (NSE) website data. The issue was subscribed 5.27 times. The issue opened for subscription on 18 July 2018 and closed on 20 July 2018. The price band for the issue was fixed at Rs 714 to Rs 716 per share.
TCNS Clothing Co. reported profit after tax (PAT) of Rs 98.10 crore on net sales of Rs 838.49 crore in the year ended March 2018.
TCNS Clothing Co. is India's leading women's branded apparel company in terms of the total number of exclusive brand outlets as of May 2018 (Source: Technopak). The company designs, markets, and retails a wide portfolio of women's branded apparel across multiple brands and formats.
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