Motilal Oswal
    NIFTY 50
Motilal Oswal
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

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