The Rs 1,125-crore initial public offering of TCNS Clothing has opened for subscription on Wednesday, with a price band of Rs 714-716 per share.
The initial public offering of 1,57,14,038 equity shares comprises an offer for sale by Onkar Singh Pasricha, Arvinder Singh Pasricha (promoters), Anant Kumar Daga, Saranpreet Pasricha, Angad Pasricha, Vijay Kumar Misra and Amit Chand (other selling shareholders) and Wagner (investor). The company will not receive funds from the issue.
The issue, which will constitute up to 25.63 percent of the post-offer paid-up equity share capital, will close on July 20. Bids can be made for a minimum lot of 20 equity shares and in multiples of 20 equity shares thereafter.
On Tuesday, the day before issue opened, the women's apparel maker raised over Rs 337.54 crore by alloting 47,14,210 equity shares to 18 anchor investors at higher end of price band.Stocks update
No comments:
Post a Comment