TCNS Clothing Company Limited which had tapped the capital markets with its offer for sale of 1,57,14,038 shares was subscribed. The price band of the issue was Rs 714-716.The issue was subscribed 5.27 times with the QIB portion subscribed 13.47 times, HNI portion subscribed 5.08 times and Retail remained undersubscribed 0.67 times. There were roughly 87,000 applications which means in terms of number of lots the issue was subscribed 0.32 times. This effectively means that the people who have applied for retail have applied for more than one lot.

Earlier the company had allotted 47,14,210 equity shares to 22 anchor investors comprising of 33 entities. The highest allocation has been made to Fidelity as a group who have been allotted 8,17,020 equity shares or 17.3% of the total anchor allotment. These shares have been given to three entities. GMO and Goldman Sachs have been allotted an identical 4,74,860 equity shares or 10.1% of the anchor allocation.

The company is into women’s fashion and retails under three brands. The brands are W, Aurelia and Wishful.

The full details of subscription within each category are given below: –