Arvind Fashions Ltd Right Issue

Right Issue Status: Closed [4th Mar 2021 to 18th Mar 2021]

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About Arvind Fashions Ltd Right Issue

Arvind Fashion, India's leading apparel brand is coming up with the right issue of 14802856 shares at Rs. 135 per share, Rs. 70 is payable on application, and remainder Rs. 65 on the first & final call. The company will issue 3 right issues for every 20 fully paid-up shares held on or before the record date, 24 Feb 2021. The right issue will open on 4 March and closes on 18 March 2021. Scroll the page to know more about Arvind Fashions Right Issue including business overview, financials, strengths, risks, tentative timeline, and more.

About Company - Arvind Fashions Limited

Incorporated in 2016, Arvind Fashions Limited is a readymade garment company that designs, market, and sell a range of branded readymade garment apparel, footwear, innerwear, and accessories for men, women, and kids. It is one of the leading players with having a strong product portfolio of licensed international brands including U. S. Polo Assn, Arrow, Tommy Hilfiger, Flying Machine, Calvin Klein, Unlimited, etc.

The company sells its products through a network of stores and distribution channels including 1,200+ Exclusive Brand Outlets (EBOs), 14,000+ Multi-Brand Outlets (MBOs), and 3,400+ Large Format Stores (LFS) that are spread across major cities and union territories of India. Arvind Fashions also has an international market presence in the Middle East and South Asian countries i.e, UAE, Sri Lanka, etc.

Arvind Fashions Right Issue Objective

The net proceeds from the right issue will be utilized for the following purposes;

  • To make prepayment and/or repayment of the company's borrowings fully or partially.
  • To make payment of subsidiary company, Arvind Lifestyle Brands limited's borrowings fully or partially.
  • To meet general corporate purposes.

Arvind Fashions Right Issue Details

Arvind Fashions Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Arvind Fashions Right Issue Details
Arvind Fashions Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 1.48 Crore Eq Shares
Right Issue Issue Size(Amount) ₹199.84 Cr
Face Value ₹4 Per Equity Share
Right Issue Issue Price ₹135
Right Issue Record Date 24th Feb 2021
Right Issue Entitlement 3 Rights Equity share for every 20 fully paid-up equity shares held on the Record date
Right Issue Terms of payment ₹ 70 per Rights Equity Share is payable on Application and rest ₹ 65 will be on the first and final call.
Listing At BSE
BSE Code 542484
NSE Code ARVINDFASN

Arvind Fashions Financials

Past performance and financial results of Arvind Fashions.

Arvind Fashions financial
Arvind Fashions Limited Financials 31-Mar-2020 31-Mar-2019
Total Assets ₹4,451.24 Cr ₹3,524.34 Cr
Total Income ₹3,926.08 Cr ₹ 4,647.99 Cr
Net Profit/Loss ₹(399.36) Cr ₹21.48 Cr

Arvind Fashions Right Issue Strengths

  • Strong product portfolio of Owned and licensed international apparel brands.
  • Worldwide network distribution.
  • In-house product designing capabilities.
  • Omni-channel capabilities with an e-commerce platform (www.NNNow.com and NNNow mobile app).

Arvind Fashions Right Issue Threats/Weaknesses

  • Recent coronavirus outbreak worldwide has affected the business operations adversely.
  • Evolving changes in the fashion trends may decrease the market demand for its products.
  • A significant portion of revenue is generated from few brands i.e. U.S. Polo Assn, Arrow, Flying Machine, and Tommy Hilfiger.
  • Full-dependence on suppliers as it doesn't have its own manufacturing facility.

Arvind Fashions Right Issue Important Dates

In this section we have covered all important dates related to Arvind Fashions Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Arvind Fashions Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 4th Mar 2021
Right Issue Issue Close Date 18th Mar 2021
Basis of Allotment Finalisation Date* 25th Mar 2021
Refunds Initiation* 25th Mar 2021
Credit of Shares to Demat Account* 26th Mar 2021
Right Issue Listing Date* 31st Mar 2021

* - Tentative Dates

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@
  NRI Form ⇒

Arvind Fashions Right Issue Offer Document (Letter of Offer) >>Document

Arvind Fashions Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Company Address

Arvind Fashions Limited
Main Building, Arvind Limited Premises
Naroda Road, Ahmedabad - 380 025, Gujarat, India
Website: http://www.arvindfashions.com/
Email: [email protected]
Phone: +91-79-30138000

Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone:+91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in

Lead Manager

  1. Vivro Financial Services Private Limited
Arvind Fashions Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Arvind Fashions? Should I apply in Arvind Fashions Right Issue?

Last Updated on 2021-03-03T01:09:16+00:00

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User Comments

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5. Prabal Basu Ray  3/2/2021 11:58:41 PM Reply
Arvind Fashions RightIssue expected listing gain.
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4. Rajiv DUA  3/2/2021 11:58:41 PM Reply
Please confirm Arvind Fashions RightIssue GMP (grey market premium) and kostak.
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3. DIPEN PATEL  3/2/2021 11:58:41 PM Reply
Arvind Fashions RightIssue good or bad.
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2. sachin   3/2/2021 11:58:41 PM Reply
Arvind Fashions RightIssue whether to invest or not.
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1. AMOL PATIL  3/2/2021 11:58:41 PM Reply
Arvind Fashions RightIssue - CRISIL Rating, Apply or not?.

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