TCNS Clothing Co. Ltd plans to tap the capital markets with an initial public offering (IPO) of equity shares in the price band of Rs. 714 and Rs. 716. The IPO is an offer for sale by prompters Onkar Singh Pasricha, Arvinder Singh Pasricha and other selling shareholders.
The offer will constitute up to 25.63% of the post-offer paid-up equity share capital of the company. The IPO will open on July 18 and close on July 20, 2018. “We will be trading publicly for the implications it will have on our future expansion,” said Anant Daga, MD, TCNS. The shares will be listed on the BSE and the NSE.