• SENSEX
    NIFTY 50
Market

Indian apparel maker TCNS Clothing's $163 million IPO oversubscribed

Updated : July 20, 2018 07:02 PM IST

Investors bid for 57.1 million shares, or 5.2 times the 10.1 million shares on offer, according to stock exchange data as of 1230 GMT.
Shareholders of TCNS, which sells the W, Aurelia and Wishful brands of women's apparel, were selling 15.7 million shares, or a 25.6 percent stake in the company, in a price range of 714-716 rupees a share in the IPO.
Kotak Mahindra Capital and Citigroup are the managers to the TCNS IPO, which is raising 3.38 billion rupees from anchor investors as part of the total offer.
Indian apparel maker TCNS Clothing's $163 million IPO oversubscribed
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV