TCNS Clothing IPO subscribed 5.2 times

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New Delhi, Jul 22: TCNS Clothing’s initial public offering (IPO) has garnered final subscription of 5.2 times thanks to strong demand from institutional investors. The institutional portion of the offering saw 13.5 times more demand than the shares on offer. Wealthy Investor portion was subscribed 5.1 times, but the retail category saw only 50 per cent subscription.
TCNS’ is a company that owns popular women’s wear brand W. Through the IPO, promoters are diluted 25.6 per cent of their holdings.