Business Standard

Apparel maker TCNS Clothing falls 2 percent on market debut

Image

Reuters
(Reuters) - Shares of women's apparel maker TCNS Clothing Co Ltd fell 2 percent in their market debut on Monday following an 11.25 billion rupee ($163.99 million) initial public offering.
The company's shares were down 1 percent at 709 rupees as of 1003 GMT, compared with the IPO issue price of 716 rupees.
TCNS Clothing's IPO was oversubscribed 5.2 times on the last day of the initial share sale earlier this month.
($1 = 68.6000 Indian rupees)
(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2018 | 10:22 AM IST

Explore News