Issue Price
₹10
Per Share
GMP
NIL
Grey Market
Est. Listing
₹10
Expected Price
Min. Application
₹200,000
2 lots × 10000 shares
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.
Lorenzini Apparels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 230,000 | — | ₹0.23 Cr | — |
| TOTAL | 4,470,000 | 100.00% | ₹4.47 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹100,000 |
| Retail (Max) | 13 | 130,000 | ₹1,300,000 |
| sNII (Min) | 14 | 140,000 | ₹1,400,000 |
| bNII (Min) | 68 | 680,000 | ₹6,800,000 |
| 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 |
| Total Borrowings | N/A | N/A | N/A |