Home Market TCNS Clothing to list on bourses on Monday

TCNS Clothing to list on bourses on Monday

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TCNS Clothing is scheduled to get listed on BSE and NSE on Monday.

The initial public offer (IPO) of the women's apparel maker was subscribed 5.27 times overall.

The Rs 1,125-crore public offer received bids for 5,79,79,780 shares against the total issue size of 1,09,99,828, data available with the NSE showed.

The category reserved for qualified institutional buyers (QIBs) was subscribed over 13 times and those of non-institutional and retail investors 5 times and over 60 per cent, respectively.

Price band for the offer, which opened on Wednesday, was fixed at Rs 714-716 per share.

TCNS Clothing Company, which sells its products under W, Aurelia and Wishful brands, also raised over Rs 337 crore from anchor investors.

Kotak Mahindra Capital and Citigroup Global Markets India are managing the issue.

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