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  • IPO News - Detailed News

TCNS Clothing sees poor debut
30-Jul-18   16:35 Hrs IST

The stock listed at Rs 715 on the BSE, a discount of 0.13% from the issue price of Rs 716. The stock had hit a high of Rs 724.50 and low of Rs 626.60 during the day. 13.31 lakh shares were traded on the counter on the BSE.

The initial public offer (IPO) of TCNS Clothing Co. received bids for 5.79 crore shares as against 1.09 crore shares on offer, as per the National Stock Exchange of India (NSE) website data. The issue was subscribed 5.27 times. The issue opened for subscription on 18 July 2018 and closed on 20 July 2018. The price band for the issue was fixed at Rs 714 to Rs 716 per share.

TCNS Clothing Co. reported profit after tax (PAT) of Rs 98.10 crore on net sales of Rs 838.49 crore in the year ended March 2018.

TCNS Clothing Co. is India's leading women's branded apparel company. The company designs, markets, and retails a wide portfolio of women's branded apparel across multiple brands and formats.

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