Lorenzini Apparels Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

31 Jan 2018

Close Date

06 Feb 2018

Allotment

09 Feb 2018

Listing Date

15 Feb 2018

Exchange

BSE SME

Price Band

₹10

Listing Price

See chart

Allotment Status

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Price Band

₹10

Per share

Face Value

₹10 per share

Lot Size

10,000 Shares

per lot

Issue Size

44,70,000 shares (aggregating up to ₹4.47 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹100,000

1 lot

Pre-IPO Holding

56,68,916 shares

Promoters

Post-IPO Holding

1,01,38,916 shares

Promoters

UPI Deadline

2018-02-06

Mandate

Anchor AllotmentTue, 30 Jan 2018

Basis of AllotmentFri, 09 Feb 2018

Refund InitiationMon, 12 Feb 2018

Demat CreditWed, 14 Feb 2018

Listing DayThu, 15 Feb 2018

UPI Mandate Deadline2018-02-06

Sale TypeFresh Capital

Net Offer to Public42,40,000 shares (aggregating up to ₹4.24 Cr)

Market Maker Quota2,30,000 shares (aggregating up to ₹0.2300 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Lorenzini Apparels Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 06 Feb 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	230,000	—	₹0.23
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,470,000	100%	₹4.47

IPO Shares Offered

Lorenzini Apparels Ltd. IPO total issue size: ₹4.47 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	230,000	₹0.23	5.15%
Total	4,470,000	₹4.47	100.00%

* Based on upper price band ₹10 per share

Lot Size & Investment

Lot Size

10,000

Shares per Lot

Issue Price

₹10.00

Upper Band

Min Investment

₹100,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	20,000	₹200,000
Retail (Max — 2 Lots)	2	20,000	₹200,000
S-HNI (Min — 14 Lots)	14	140,000	₹1,400,000
B-HNI (Min — 68 Lots)	68	680,000	₹6,800,000

* Issue Price ₹10 × Lot Size 10,000 shares

IPO Schedule

Anchor

30 Jan 2018

✓ Done

IPO Open

31 Jan 2018

✓ Done

IPO Close

06 Feb 2018

✓ Done

Allotment

09 Feb 2018

✓ Done

Refunds

12 Feb 2018

✓ Done

Demat Credit

14 Feb 2018

✓ Done

Listing Day

15 Feb 2018

✓ Done

₹10.00

INR · BSE

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Issue ₹10.00 Live Price

About Lorenzini Apparels Ltd.

Incorporated in 2007, Lorenzini Apparels Limited is engaged into the business of manufacturing, designing and marketing of readymade garments. Lorenzini Apparels offers diverse range of formal, semi-formal and casual wear for men and casual wear for women under the brand name 'Monteil & Munero', 'Monteil' and 'Calgari'.Company has its own manufacturing setup at Delhi. The manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. Company also outsources some of the manufacturing.Lorenzini Apparels sells its products through retail shops and online. Company sells its products through 18 exclusive stores/oulets located in Delhi, Haryana and Uttar Pradesh.Lorenzini Apparels also have supply agreement with some of the e-commerce platform including Myntra, Limeroad, Flipkart, Jabong, Amazon, paytm etc. Company also have franchise model to sell products.Company has 62 employees including 2 management personnel, 10 Skilled, 40 semi skilled and 12 unskilled employees.

Objects of the Issue

1 Funding of working capital requirements of the Company

2 Issue Expenses

Lorenzini Apparels Ltd. Financials (Amount in Crore)

Revenue from Operations

₹14.2

31-Mar-15

₹12.1

31-Mar-16

₹16.4

31-Mar-17

Profit After Tax (PAT)

₹0.1

31-Mar-15

-₹0.0

31-Mar-16

₹0.1

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	16.44	12.10	14.16
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	0.14	-0.03	0.05
Net Worth	N/A	N/A	N/A
Total Assets	13.95	5.13	5.56
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered44,70,000 (100.00%)

Net Offer to Public42,40,000 shares (aggregating up to ₹4.24 Cr)

Reserved for Market Maker2,30,000 shares (aggregating up to ₹0.2300 Cr)

Pre-Issue Promoter Holding56,68,916 shares

Post-Issue Promoter Holding1,01,38,916 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

virenr@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Fedex Securities Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Lorenzini Apparels Ltd. IPO subscribed? ▲

Lorenzini Apparels Ltd. IPO is subscribed 1.00 times by Feb 06, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Lorenzini Apparels Ltd. IPO retail subscription status? ▼

The Lorenzini Apparels Ltd. IPO retail category is subscribed 1.00 times as of 06 Feb 2018. The retail portion is oversubscribed.

How to subscribe Lorenzini Apparels Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 Jan 2018 and closes 06 Feb 2018. Min investment: ₹100,000 (1 lot = 10,000 shares). UPI mandate: 2018-02-06.

How many times Lorenzini Apparels Ltd. IPO subscribed? ▼

The Lorenzini Apparels Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Lorenzini Apparels Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 09 Feb 2018. Refunds: on 12 Feb 2018.

When Lorenzini Apparels Ltd. IPO will be listed? ▼

The Lorenzini Apparels Ltd. IPO listing date is 15 Feb 2018, Thursday. Listed on: BSE SME. Issue price: ₹10. Estimated listing: ₹10. GMP: NIL.

When Lorenzini Apparels Ltd. IPO close? ▼

The Lorenzini Apparels Ltd. IPO closes on 06 Feb 2018, Tuesday. UPI mandate: 2018-02-06. Allotment: 09 Feb 2018. Listing: 15 Feb 2018.

Quick Actions

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Live Price LIVE

Last Price₹10.00

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Issue Price₹10.00

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Quick Summary

StatusListed

Issue Price₹10

Face Value₹10

Lot Size10,000 Sh

Min. Amount₹100,000

GMPNIL

Est. Listing₹10

Subscribed1.00x

Open Date31 Jan 2018

Close Date06 Feb 2018

Allotment09 Feb 2018

Listing Date15 Feb 2018

ExchangeBSE SME

UPI Deadline2018-02-06