Their company was first founded by Mr. Jaimin Kailash Gupta in the year 2015 as One Person Company Stitched Textiles (OPC) Private Limited. As it grew and expanded, it changed its name to Stitched Textiles Private Limited in the following year, and in 2022 it became a public limited company known as Stitched Textiles Limited. Stitched Textiles IPO will hit the stock market in September 2022.
Table of Contents
About Stitched Textiles
The brand name “BARCELONA” is highly known for the company and represents fashion elegance & comfort. Their business specialises in menswear and offers fabrics for suits and shirts as well as clothing in the form of shirts, jeans, T-shirts, pants, cotton pants, accessories, etc.
They currently run 85 franchised stores in more than 50 Indian cities. Their company engages in the wholesale trading of fabrics as well as the wholesale & retail selling of apparel through its network under the brand name BARCELONA through an outsourced manufacturing strategy.
Through its own website, www.barcelonaclub.in, for retail sales as well as through its B2B Application specifically for merchants & wholesalers who purchase in bulk for resale to end users, their business has begun online trading.
Products
They aim to be India’s top menswear brand by providing fashionable, branded clothing at affordable pricing. Superior customer service, innovation, & quality are priorities for them.
At the moment, they are concentrating on Tier-2 & Tier-3 cities that are committed to giving clients value through their classic & luxury product lines.
Their business mostly purchases fabric from Ahmedabad’s local marketplaces & contracts out production to factories in Mumbai, Punjab, New Delhi, and other locations while keeping an eye on designs and quality.
After that, the finished goods are packaged and shipped to the firm warehouse. Following quality inspection at their warehouse, the products are then sent out in accordance with orders from different buyers & to their franchise stores in accordance with those stores’ needs.
Marketing
Their business creates high-quality fabrics & apparel for its stores using an outsourcing approach. It is a well-known fashion brand committed to giving customers value through its selection of traditional & expensive goods.
Their business currently includes a warehouse in Ahmedabad where finished goods and sourced textiles are kept (garments). The final goods are subsequently delivered & marketed under the name “BARCELONA” in a variety of retail establishments, many of which are run by franchisees.
Considering that they have a central inventory management system & can deliver orders from any of their stores directly to customers, the company is confident that there won’t be any instances of goods running out.
Additionally, their brands were available for purchase on e-commerce websites including Amazon, Flipkart, & Meesho.
Stitched Textiles IPO
Stitched Textiles Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 200 Crore on 17 June 2022.
The offer includes a fresh issue of INR 200 Crore and there is no offer for sale (OFS) by the promoters mentioned in the DRHP. They are not looking for a Pre-IPO placement in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31- Jan-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 60.37 | 20.25 | 5.97 | 2.87 | |
| Total Revenue | 58.50 | 12.70 | 6.81 | 3.04 | |
| Profit After Tax | 0.94 | 0.30 | 0.005 | 0.005 | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2022 | 0.46 | 4.63 | 3 |
| Financial Year 2021 | 0.47 | 4.67 | 2 |
| Financial Year 2020 | 2.50 | 25.04 | 1 |
| Weighted Average | 1.48 | 14.85 | |
| 31 Jan 2022 | 0.24 | 2.3 |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the offer price:
- Brand Barcelona has a wide range of products.
- EBOs are the focus of a multi-channel, pan-Indian distribution network that increases brand visibility.
- A management team with extensive expertise and shown abilities in project management and execution.
- Extensive basis for purchasing and a supply chain that is heavily dependent on technology.
- They can serve a variety of customers thanks to their extensive product offering.
- Track record of excellent financial performance.
Stitched Textiles Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Go Fashion (India) Limited | 154.06 |
| 2 | 10 | Cantabil Retail India Limited | 39.42 |
| 3 | 10 | Kewal Kiran Clothing Limited | 15.08 |
| 4 | 1 | Kitex Garments Limited | 12.93 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the BSE on June 13, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
Stitched Textiles IPO Details
| IPO Opening Date | September 2022 |
| IPO Closing Date | September 2022 |
| Issue Type | Book Building |
| Face Value | 1 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | 200 Crore |
| Fresh Issue | 200 Crore |
| Offer for Sale | 0 |
Stitched Textiles IPO Date
Stitched Textiles Limited IPO opening date is September 2022, and the closing date is September 2022. The Stitched Textiles issue may list in September 2022.
| IPO Opening Date | September 2022 |
| IPO Closing Date | September 2022 |
| Basis of Allotment Date | September 2022 |
| Initiation of Refunds | September 2022 |
| Credit of Shares to Demat Account | September 2022 |
| IPO Listing Date | September 2022 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 10 | Minimum 1 lot based on availability |
Stitched Textiles India Limited IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Stitched Textiles IPO.
Stitched Textiles IPO GMP
Stitched Textiles Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
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Check Out the GMP of all Other IPOs
Stitched Textiles Limited IPO Review
Stitched Textiles Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Stitched Textiles IPO is good or bad.
Stitched Textiles Limited IPO Risk
- Stitched Textiles Limited’s promoter name, Mr. Jaimin Kailash Gupta, was included in a Bank of Baroda list of willful defaulters before being overturned and overturned by Ahmedabad High Court in Gujarat.
- Mr. Jaimin Kailash Gupta, Stitched Textiles Limited’s promoter, has previously missed payments on loans.
- They have engaged in related party transactions in the past, and they might do so in the future.
- Since their B2B application was developed by a third party vendor and not by the company itself, any service-related problems could have a negative effect on how the company does business.
- Stitched textiles are dependent on preserving and raising awareness of their brands, and they might not be as successful as they would like to be.
Other Threats
- Stitched textiles lack any manufacturing facilities of their own and rely on their vendors to obtain their products. Therefore, a significant portion of their business depends on the operation and anticipated performance of their vendor partners.
- Their business, operational results, and financial situation could all suffer if they are unable to find raw materials, completed goods, and packing materials in the needed quality and quantity at affordable costs.
- Stitched textiles might not be able to appropriately safeguard their “BARCELONA” trademarks, and their business might suffer if they are unable to use or safeguard their intellectual property rights.
- The expansion of online retailers could lead to price pressures, heightened competition, and other negative effects on their operations, financial situation, and business.
Stitched Textiles Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Stitched Textiles IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Stitched Textiles Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| September 2022 | 1 | |||||
| September 2022 | 2 | |||||
| September 2022 | 3 |
Stitched Textiles Limited Management
They have a senior management team that is very experienced, and their MD, Mr. Jaimin Kailash Gupta, who has been closely involved in the company for seven years, continues to be involved in strategic planning, conceptualization, design, and production development.
He has also oversaw the creation of their business strategy and has extensive knowledge of sourcing, designing, retailing, and forming distribution channel alliances.
\Their strategic vision is designed by Jaimin Kailash Gupta, who has proven to be adept at developing, establishing, and expanding brands and businesses.
Additionally, they have a skilled management team made up of individuals from many fields who are knowledgeable in all facets of their organisation, as well as a skilled board of directors.
Stitched Textiles Limited‘ Promoters
- Jaimin Kailash Gupta
Promoter’s Holding
| Pre Issue Share Holding | 81.32% |
| Post Issue Share Holding |
Stitched Textiles Limited Prospectus
Contact Details
Stitched Textiles Limited
1st Floor, Barcelona House, B/S.Star
House. Opp-Shell Pump Road,
Prahladnagar, Satellite Ahmedabad
– 380015, Gujarat, India
Tel: +91 97271 23838
E-mail:[email protected]
Website: www.barcelonaclub.in
Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai – 400093
Contact Person: Mr. Swapnil Kate
Tel. No: 022-62638200; Fax No: 022-62638280;
E-mail: [email protected];
Website: www.bigshareonline.com
Lead Manager(s)
- Finshore Management Services Limited
We hope we are able to answer all your questions about Stitched Textiles IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Stitched Textiles Limited IPO Opening Date?
Stitched Textiles Limited IPO will open in September 2022.
Stitched Textiles Limited IPO Listing Date?
Stitched Textiles Limited IPO will list in September 2022.
Stitched Textiles IPO GMP Today?
Stitched Textiles IPO Grey Market Premium is INR 0 .
Stitched Textiles Limited IPO Allotment Date?
Stitched Textiles Limited IPO basis of allotment will be in September 2022.
Lot size for Stitched Textiles Limited IPO?
Lot size for Stitched Textiles Limited IPO is 0.
