Lorenzini Apparels Ltd

Lorenzini Apparels

About the company:

Lorenzini Apparels is engaged into the business of manufacturing, designing and marketing of readymade garments offering diverse range of formal, semi-formal and casual wear for men and casual wear for women.They serve their customers through the channels of retail and e-commerce.

The products are sold under company’s own brand name “Monteil & Munero” and “Monteil” “Calgari” through their exclusive stores/oulets located at several places of Delhi and Haryana.

Company’s wide of products includes jeans, shirts, jackets, T-shirts, trousers, sweatshirts, sweaters, blazers, waistcoats, shorts, capris etc.

They have 18 stores/outlets spread across various places in Delhi and Haryana, UP.They have also entered into supply agreement with some of the e-commerce platform including Myntra, Limeroad, flipkart, jabong, amazon, paytm etc.

They also have franchise model wherein they have entered into agreement with the franchisee with varied date of commencement to sell products at their showrooms.

Apart from own manufacturing they also outsource the garments manufacturing on job work basis from third party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric etc. to them who, based on their specifications, procure the requisite raw materials at their own costs and begin the manufacturing process.

Capacity Utilization:


Management Team:

  1. Mr.Sandeep Jain (Designation:Managing Director)
  2. Mrs.Deepika Jain (Designation: Whole-time Director)
  3. Mr.Rajit Sehgal (Designation: Non-Executive Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Sandeep Jain 50,58,761 10.38
Deepika Jain 6,09,505 1.56


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Sandeep Jain 89.24% 49.89%
Deepika Jain 10.75% 6.01%
Promoter Group Entities           Negligible        Negligible
Total 99.99% 55.91%


Objectives of the Issue:

  • Funding of working capital requirements of the Company.
  • Issue Expenses.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 4.17
General Corporate Expenses 0.30
Net Proceeds 4.47 cr


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 31st July 17
Revenue  13.16  11.60 14.16  12.10  16.44  6.63 
Net Profit  (-0.047)  0.12  0.05  (-0.03)  0.14  0.27


Valuation of Peer Group Companies: (* Weighted Average )

Company Name Face Value EPS PE Ratio RoNW NAV
Lorenzini Apparels Ltd. 10 3.28 (0.79)* 3.05 (12.66)* 4.85% 13.34
Cantabil Retail India Ltd. 10 2.99 23.65 5.92 50.44
Monte Carlo Fashions Ltd. 10 19.47 24.80 8.66 224.79
Mandhana Retail Ventures Ltd. 10 9.07 15.81 23.93 37.88


IPO Details:

Details Info
Issue Opens on 31st January 2018
Issue Closes on:. 6th February 2018
Issue Price Rs.10
Face Value Rs.10
Minimum Lot 10,000
Minimum Investment Rs.1,00,000
Issue Constitutes 44.09%
Issue Size Rs.4.47 cr
Market Cap Rs.10.13 cr
Listing at BSE SME
Total Equity Shares Offered (fresh) 44,70,000
Equity Shares Prior to the Issue 56,68,916
Equity Shares after the Issue 1,01,38,916


IPO Valuation Parameters: (* Weighted Average )

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.28 (0.79)* 3.05  (12.66)* 4.85% 13.34


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Long Term 20%


Company Contact Info:
Lorenzini Apparels Limited
TA 168 & 187 Ground Floor,
Street No. 2, Tuglakabad Extn,
New Delhi-110019, India.
Tel: 011-40504731;
E-mail: info@monteil.co.in
Website: www.mymonteil.com


IPO Registrar Info:
4A9, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai-400 072
Tel. No.: +91-22-28511022/62215779
E-mail: virenr@skylinerta.com
Grievance email: grievances@skylinerta.com
Website: www.skylinerta.com


Lead Manager to the Issue:
18 Deshapriya Park Road, Kolkata – 700 026,
West Bengal, India
Tel: +91-33-3001 5555
Fax: +91-33-3001 5531
Grievance Email: gcapl.mbd@guinessgroup.net
Website: www.guinessonline.net