Business description – Lorenzini Apparels is engaged into the business of manufacturing, designing and marketing of readymade garments offering diverse range of formal, semi-formal and casual wear for men and casual wear for women.
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The company serves its customers through retail and e-commerce channels. Its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing.
The company also outsources the garments manufacturing on job work basis from third party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric etc.
to them who, based on its specifications, procure the requisite raw materials at their own costs and begin the manufacturing process.
The company has its own manufacturing setup at Delhi with a built-up area of about 600 sq. mtrs.
The products are sold under its own brand name “Monteil & Munero” and “Monteil” “Calgari” through exclusive stores/oulets located at several places of Delhi, Haryana and Uttar Pradesh. The company its own designers who develop new styles, fits, finishes to meet the latest fashion trends.
The company’s core competency lies in deep understanding of its customer’s buying preferences and behavior across the Indian market.
Promoters of Lorenzini Apparels – Sandeep Jain and Deepika Jain
|Lorenzini Apparels IPO details|
|Subscription Dates||31 Jan – 6 Feb 2018|
|IPO Price band||INR10 per share|
|Fresh issue||4,470,000 shares (INR4.47 crore)|
|Offer for sale||Nil|
|Total IPO size||4,470,000 shares (INR4.47 crore)|
|Minimum bid (lot size)||10,000 shares|
|Face Value||INR10 per share|
|Listing On||BSE SME platform|
Use of funds
- Working Capital Requirements – INR4.17 crore
|Lorenzini Apparels’ financial performance (in INR lakh)|
|Profit after tax||-4.7||11.9||5.5||-3.0||14.8||27.6|
Lorenzini Apparels Contact Details
Lorenzini Apparels Limited
TA 168 & 187 Ground Floor
Street No 2, Tuglakabad Extn
Phone: +91 011-4050 4731
Lorenzini Apparels IPO Subscription Details
Lorenzini Apparels Valuation (Latest FY)
Earnings Per Share (EPS): INR3.28
Price/Earnings (P/E) ratio: 3.05
Return on Net Worth (RONW): 4.85%
Net Asset Value (NAV): INR13.34 per share
Registrar of Lorenzini Apparels IPO
Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Phone: +91 22 2851 1022
Email: [email protected]
Lorenzini Apparels IPO Allotment Status
Lorenzini Apparels IPO allotment status is now available on Skyline Financial Services’ website.
Click on this linkto get allotment status.
Listing performance of Lorenzini Apparels
IPO Opening Date: 31 January 2018
IPO Closing Date: 6 February 2018
Listing Date: 15 February 2018
Listing Price on BSE SME: INR10.2 per share (up 2% from IPO price)
Closing Price on BSE SME: INR9.75 per share (down 7.5% from IPO price)