Jul 11, 2018 03:01 PM IST | Market
TCNS Clothing IPO to open on July 18, aims to raise Rs 1,100 crore
The IPO comprises of 1.57 crore of shares (15,714,038 shares) through an offer-for-sale (OFS) route, comprising up to 25.63 percent of equity in the company.
Ambit Capital points at risks associated with single category brands in womenswear failing to scale up due to limited target audience and fashion risk.
Ambit also questions sustainability of TCNS’ high gross margin of 63% despite own stores drawing only 30% of revenue.
Published Date: Jul 11th, 2018 02:42 PM | Updated Date: Jul 11, 2018 03:01 PM IST
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.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
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