Lorezien apperal limited IPO

Lorenzini Apparels Limited

Issue Open

Jan 31, 2018

Price Band

₹ 10

Issue Size

₹ 4.47 Cr

Credit of Shares to Demat

-

Issue Close

Feb 06, 2018

Bid Lot

10000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

10000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Feb 15, 2018

Refunds

-

About the company:

Introduction: Lorenzini Apparels Limited is involved in manufacturing, designing and marketing of readymade garments. Company has a total of 62 employees. It has 18 exclusive stores spread across Delhi, Haryana and UP.

Date of Establishment: Company was established as Lorenzini Apparels Private Limited on May 09, 2007.

Product & Service Offering: Company’s basket of products includes  jeans,shirts,jackets,T-shirts,trousers,seatshirts,sweaters,blazers,waistcoats,shorts and capris to name a few. It sells its products under the brand name 'Monteil & Munero', 'Monteil' and 'Calgari'.

Customer Segment: Company reach out to its  customers through both retail and e commerce channels. E commerce customers include Myntra, Limeroad, Flipkart, Jabong, Amazo and Paytm. Company also have franchise model to sell products.

Promoters of Lorenzini Apparels:  Promoters of the company are Sandeep Jain(Managing Director) and Deepika Jain(Whole-time Director).

Objects of the Issue: The gains from the issue will be used for meeting the  day to day cash requirements to run the company and to cater .to the expenses incurred by  the release of the issue.

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars

For the year/period ended (in Rs. million)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

139.51

51.31

55.68

41.69

64.19

 

Total Revenue

164.49

121.08

141.64

115.97

131.61

 

Profit After Tax

1.48

-0.30

0.55

1.19

-0.47

 

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