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TCNS Clothing Co. Ltd.

BSE: 541700 Sector: Industrials
NSE: TCNSBRANDS ISIN Code: INE778U01029
BSE 00:00 | 10 Aug 599.55 -14.25
(-2.32%)
OPEN

612.85

HIGH

620.85

LOW

595.10

NSE 00:00 | 10 Aug 599.30 -13.25
(-2.16%)
OPEN

612.00

HIGH

622.45

LOW

596.00

OPEN 612.85
PREVIOUS CLOSE 613.80
VOLUME 1739
52-Week high 932.55
52-Week low 493.65
P/E
Mkt Cap.(Rs cr) 3,696
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 612.85
CLOSE 613.80
VOLUME 1739
52-Week high 932.55
52-Week low 493.65
P/E
Mkt Cap.(Rs cr) 3,696
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

TCNS Clothing Co. Ltd. (TCNSBRANDS) - Company History

TCNS Clothing Co. Limited is India's leading women's branded apparel company in terms of total number of exclusive brand outlets as of May 2018 according to Technopak. The Company designs manufactures markets and retails a wide portfolio of women's branded apparel across multiple brands. The Company sells its products across India and through multiple distribution channels. As of March 31 2019 the company sold its products through 541 exclusive brand outlets 1469 large format store outlets and 1522 multi-brand outlets located in 31 states and union territories in India. The company's product portfolio includes top-wear bottom-wear drapes combination-sets and accessories that cater to a wide variety of the wardrobe requirements of the Indian woman including every-day wear casual wear work wear and occasion wear.Mr. Onkar Singh Pasricha and Mr. Arvinder Singh Pasricha are promoters of the company each have over 40 years of experience in the apparel industry and the Managing Director Anant Kumar Daga leads an experienced and professional management team. The Management team including Anant Kumar Daga currently has a significant ownership stake in the Company. The shareholders also include a fund affiliated with TA Associates a marquee private equity group.The company was incorporated as a private limited company with the name TCNS Clothing Co. Private Limited' on December 3 1997. In 2002 the company launched the women's wear brand W'. In 2016 the company launched women's apparel brand Wishful'. In 2009 the company launched ethnic wear brand Aurelia'. In 2011 Matrix Holdings and Matrix India made investment in the company. In 2015 the company opened W brand stores in Mauritius and Sri Lanka. In 2016 Wagner Limited made investment in the company. In 2017 the company opened the first Wishful' brand store in India at New Delhi.The company was converted to a public limited company pursuant to a resolution passed by its shareholders on January 5 2018 and the name was changed to 'TCNS Clothing Co. Limited' on January 19 2018. The company came out with an initial public offer (IPO) during the period from 18 July 2018 to 20 July 2018. A total of 8 selling shareholders offloaded a combined 1.57 crore shares of the company through the IPO. There was no fresh issue of shares by the company. The IPO was priced at Rs 716 per share. The stock made its debut on the bourses on 30 July 2018.The Company during the financial year 2018-19 filed Prospectus with Registrar of Companies and Securities Exchange Board of India and the same was approved on July 09 2018. The public issue was completely an Offer for Sale ('OFS') constituting of up to 15714038 Equity Shares of Face Value of Rs. 2/- each. The company has issued an aggregate of 1298132 CCRDs of face value of Rs. 1/- each to Onkar Singh Pasricha and Arvinder Singh Pasricha at a premium pursuant to approval of the Shareholders through resolutions dated January 5 2018. These CCRD's were converted into 649066 Equity Shares of Rs. 2/- each aggregating to Rs. 1298132 on May 28 2018 by approval of the Board.

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