TCNS Clothing IPO – Details, Price Band, Analysis
TCNS Clothing – the company started its journey with an aim to provide fashion in a modern retail environment to the Indian woman – is planning to raise INR 1121.98 Cr / 1125.13 Cr (all OFS) via initial public offer (IPO)
TCNS Clothing Co. Limited – Company Profile
- Incorporated in 1997, Delhi based TCNS Clothing Co. Limited is India’s leading women’s branded Apparel Company!
- The company design, manufacture, market, and retail a wide portfolio of women’s branded apparel across multiple brands.
- TCNS Clothing is the only brand in the Indian retail space which offers Indian contemporary wear and stays a step ahead of the fashion curve.
TCNS Clothing – Product Portfolio
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 casual wear, every-day wear, occasion wear, and work wear.
TCNS Clothing – Brands
‘W’ Is A Premium Fusion Wear Brand of the Company,
- W journey started in 2001-2002 from its first store in Lajpat Nagar (New Delhi)
- W merges Indian and western sensibilities with an emphasis on distinctive design and styling. This brand is targeted primarily at the modern Indian woman’s work and casual wear requirements.
- W has been recognized as the ‘IMAGES Most Admired Fashion Brand of the Year: Women’s Indianwear’ by India Fashion Forum consecutively for past 3 years between 2015 to 2017.
- W had 258 exclusive brand outlets and 676 large format store outlets located across 148 cities in India and 5 outlets outside India.
‘Aurelia’ Is a Contemporary Ethnic Wear Brand of the Company,
- Aurelia targeted at women looking for great design, fit and quality for their casual and work wear requirements.
- Aurelia had 159 exclusive brand outlets and 629 large format store outlets located across 149 cities in India and 1 outlet outside India.
‘Wishful’ Is a Premium Occasion Wear Brand of the Company,
- Wishful was launched in the Year 2006 especially for occasion wears.
- Wishful with elegant designs catering to women’s apparel requirements for evening wear and occasions such as weddings, events, and festivals.
Awards & Recognition
Year 2017
- Images Most Admired Fashion Brand of the year – 2017
- Images Most Admired Concept of the Year – Pantrobes 2017
- Lulu Retail Awards – Retailer of the Year 2017
- Shoppers Stop (Best Brand) Ladies Ethnic Wear 2017
- Images Most Admired Retailer – Store Design & VM 2017
Year 2016
- Awards for Retail Excellence Retail Marketing Campaign of the year – #UnlikeBoring
- CMO Asia, Retail Excellence Awards – Marketing Campaign of the year – #Unusuals
- Shoppers Stop (Best Brand) Ladies Ethnic Wear 2016
- Best Turnaround Story, By Images Fashion Forum- 2016
- Images Most Admired Retailer – 2016
- Digital Marketing Campaign of the Year, By Images Fashion Forum – 2016
- Indian e-Retail Brand with Outstanding e-Retail Performance – 2016
- Images most admired Fashion Brand of the year – 2016
Year 2015
- Images Most Admired Fashion Brand of the year – 2015
- Images Most Admired Retailer FY 2015
- Shoppers Stop Pinnacle Awards – 2015
- Best Women’s Ethnic Wear Brand by Myntra – 2015
- Reliance Trend Best Performing Partner – 2015
- Asia Retail Summit – Retail Marketing Campaign of the year – 2015
- Shoppers Stop Best Brand – Ladies Ethnic Wear 2015
Year 2014
- Shoppers Stop Best Brand – Ladies Ethnic Wear 2014
Promoters of TCNS Clothing
Onkar Singh Pasricha & Arvinder Singh Pasricha
Lead Managers / BRLMs
The book running lead managers (BRLM) are Kotak Mahindra Capital Company Limited and Citigroup Global Markets India Private Limited while Karvy Computershare Private Limited is the Registrar to the Offer.
IPO Opening / Closing Date
IPO Details – Price, Minimum Bid and Other
Financial Performance
Revenues
TCNS Clothing shows a steady revenue growth in last 5 years. Top-line has been increasing regularly for the last five years and jumped from INR 129 Cr in FY 2013 to INR 714 Cr for the period ended FY 2017. (INR 427 Cr till SEP 2017)
Profits
Though the company has shown steady growth in revenue, the company has also registered growth in profits in these five years. Starting from INR 4.75 Cr of profits in FY 2013, the company’s earnings improved to INR 89 Cr for the period ended FY 2017. (INR 57.97 Cr till SEP 2017)
CONCLUSION –
Considering company’s valuation and financial parameters, FinBlab recommends SUBSCRIBE ratings (only for high risk taking investors) on TCNS Clothing Co. Limited IPO
Also Read –
1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited
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