Stitched Textiles Ltd. IPO Details
Stitched Textiles was incorporated on November 02, 2015. The company is in the business of trading of fabrics to wholesalers and trading and manufacturing through an out-sourcing model (Job-work) by way of wholesale and retail selling of garments through its network of Exclusive Brand Outlets under the name of BARCELONA.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹2,000.0 M | DRHP DOC |
Stitched Textiles Ltd. issue details
Stitched Textiles Ltd. IPO issue size is ₹ 2,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Stitched Textiles Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Stitched Textiles Ltd. NUMBER OF SHARES ON OFFER
Stitched Textiles Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 10MFY22 | 9.4 | 583.8 | -26.6 | -35.1 |
| FY21 | 3.0 | 123.3 | 1.4 | 0.9 |
| FY20 | 0.0 | 68.1 | 12.5 | 12.4 |
| FY19 | 0.0 | 30.4 | 8.0 | 7.7 |
Stitched Textiles Ltd. INFORMATION ON IPO ISSUE
About Stitched Textiles Ltd.
Stitched Textiles was incorporated on November 02, 2015. The company is in the business of trading of fabrics to wholesalers and trading and manufacturing through an out-sourcing model (Job-work) by way of wholesale and retail selling of garments through its network of Exclusive Brand Outlets under the name of BARCELONA.
Object of the Issue
- Expenditure for Expansion of our Retail Network by launching Exclusive Brand Outlets
- Expenditure for Barcelona for Business B2B App Development
- Expenditure to enhance the visibility and awareness of our Brand
- Working Capital Requirements
- General Corporate Purposes
- Issue Related Expense
Stitched Textiles Ltd. Strengths
Market outreach
Wide market outreach
Caters to consumer
Catering to a range of customer preferences
Distinguished Board
Distinguished board and senior management with vast experience in the business
Smooth operations
Smooth flow of operations
Product portfolio
Wide range of products
Stitched Textiles Ltd. Risks
Defaulted on payments
Promoter Jaimin Kailash Gupta has defaulted in repayment of loans in the past. The name of the promoter was published in the list of wilful defaulters by the Bank of Baroda and subsequently quashed and set aside by the High Court of Ahmedabad, Gujarat
Application is programed by third-party
The company's B2B application is programmed by a third-party software vendor and is not inhouse software
Pricing pressures
The growth of online retailers may create pricing pressures, increase competition, and adversely affect the business, results of operations, and financial condition
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.