IPO Issue Details
Issue Price / Price Band₹65 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size10,00,000 shares (aggregating up to ₹6.50 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 28 Mar 2014
Subscription CloseMon, 07 Apr 2014
Anchor AllotmentThu, 27 Mar 2014
Basis of AllotmentSun, 13 Apr 2014
Initiation of RefundsMon, 14 Apr 2014
Credit of Shares to DematMon, 14 Apr 2014
Listing DateMon, 21 Apr 2014
UPI Mandate Deadline2014-04-07
Application & Investment Details
Retail — Min (1 Lots)₹1,30,000 — 2,000 shares
Retail — Max (13 Lots)₹1,690,000 (13 Lots)
HNI — Min (2 Lots)₹2,60,000 — 4,000 shares
Net Offer to Public9,48,000 shares (aggregating up to ₹6.16 Cr)
Reserved for Market Maker52,000 shares (aggregating up to ₹0.3380 Cr)
Pre-IPO Promoter Holding15,00,000 shares
Post-IPO Promoter Holding25,00,000 shares
About Women's Next Loungeries Ltd.
Incorporated in 2010, Women's Next Loungeries Ltd is engaged in women’s innerwear segment that included designing, manufacturing, branding and marketing of lingerie wear, honeymoon set, intimate wear etc. Its products are marketed under the brand name of "Valentine Pink" and "Women’s Next".They have set out footing in domestic market and have strong retail presence through malls and grade A retail outlets across Tier I and II cities such as Mumbai, Delhi, Ahmedabad and the like. Company's manufacturing plant is situated at Bhiwandi, Thane. They market their products through a chain of distributors and retail outlets.
Objects of the Issue
Women's Next Loungeries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
2
2 Repayment of bank loan
3.50
3
3 Working capital requirement
1.00
5
5 General corporate purposes
0.35
Shareholding & Lock-in
Pre-IPO Promoter Holding
15,00,000 shares
Post-IPO Promoter Holding
25,00,000 shares