Arvind Fashions Rights Issue

Arvind Fashions Rights Issue

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Arvind Fashions Rights Issue will be open for subscription from 04 March 2021. The company aims for an issue size of ₹199.84 Crores through this Rights Issue.

Arvind Fashions Limited

incorporated in 2016, Arvind Fashions Limited (AFL) is engaged in the business of designing, sourcing, marketing, and selling a wide portfolio of men’s, women’s, and kids branded readymade apparel, footwear, innerwear, beauty products, and other accessories. AFL is known to define India’s fashion quotient and is a leading player and has a strong portfolio of owned and licensed international brands that include U. S. Polo Assn, Arrow, Tommy Hilfiger, Flying Machine, Calvin Klein, Unlimited, etc. The company commands a leadership position in the men’s premium casual wear and denim categories and is a dominant player in premium kids wear and innerwear categories. 

AFL has a strong presence across the country. AFL serves its customer through a range of distribution channels that include more than 1,200 Exclusive Brand Outlets (EBOs), more than 14,000 Multi-Brand Outlets (MBOs), and more than 3,400 Large Format Stores (LFS). The company also has a small presence in international markets in the Middle East and South Asian countries that include UAE, Sri Lanka, etc. AFL has a dedicated in-house design and merchandising team of approximately 136 members as of December 31, 2020. The company is led by an experienced professional management team that has vast experience in FMCG, lifestyle brands, retail industries, finance, operations, and supply chain in diverse industries.

Objectives of the Issue

  • Full or part prepayment/repayment of certain borrowings availed by the Company.
  • Full or part repayment/repayment of certain borrowings availed by the Company’s wholly-owned subsidiary – Arvind Lifestyle Brands Limited.
  • General corporate purposes.

Arvind Fashions Rights Issue Issue Timetable

Bid/Offer Opens OnMar 4, 2021
Bid/Offer Closes OnMar 18, 2021
Record DateFeb 24, 2021
Deemed Date of AllotmentMar 25, 2021
Renunciation of Rights EntitlementsMar 12, 2021

Arvind Fashions Rights Issue Detail

Security NameArvind Fashions Limited
Issue Size (Shares)1.48 Crores
Issue Size (Amount)₹199.84 Crores
Issue Price₹135 per share
Face Value₹4 per share
Market Lot1 per share
Listing AtBSE
Terms of PaymentOn Application, Investors will have to pay Rs 70 per Rights Equity Share (~52% of the Issue Price). The balance of Rs 65 per Rights Equity Share (~48% of the Issue Price) will have to be paid in the first and final call at such time as may be determined by the Company Board at its sole discretion.
Entitlement3 Rights Equity Share for every 20 Fully Paid-up equity shares held on the Record Date

Arvind Fashions Rights Issue Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270

Company Contact Information

Arvind Fashions Limited
Main Building, Arvind Limited Premises,
Naroda Road, Ahmedabad – 380 025,
Gujarat, India.

Phone: +91-79-30138000

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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