TCNS Clothing initial public offer (IPO) has opened for subscription today on July 18,2018 and will close on July 20,2018.

The company has fixed price band for the offer at Rs.714-716 per share and intends to raise Rs.1,121.98 crore at lower end of price band and Rs.1,125.13 crore at higher end of price band. Bids can be made for a minimum lot of 20 equity shares and in multiples of 20 equity shares thereafter.

The objective of the issue is to offer for the sale of up to 1,57,14,038 equity shares by the selling shareholders and the company will not receive any proceeds from the offer and all the proceeds will go to the selling shareholders.

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