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Stitched Textiles IPO
Stitched Textiles has filed an IPO prospectus to raise capital funding of Rs 20,000 lakh from the IPO market. The company trades fabric to wholesalers and retail selling garments through exclusive brand outlets named Barcelona.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
Stitched Textiles Ltd. IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About Stitched Textiles Ltd.
Mr Jaimin Kailash Gupta founded the company in 2015 as One Person CompanyStitched Textiles (OPC) Private Limited. The name was later changed to Stitched Textiles Private Limited. They are engaged in trading fabrics to wholesalers and trading and manufacturing through outsourcing. The company sells its products through a network of exclusive brand outlets named Barcelona.
Stitched Textiles Ltd. IPO Objectives
• The company proposes utilising the net proceeds from fresh issues to expand its retail network, enhancing brand visibility, awareness, and working capital requirements.
Why should you invest in the Stitched Textiles Ltd. IPO?
Here are our top reasons:
- The company plans to create its presence in more than 10,000 multi-brand garment shops where it will offer its diversified product portfolio.
- The company sells its products through omni channel platforms. Their products are available on their websites and third-party online marketplaces like Amazon, Flipkart and Meesho.
- They have built their capabilities through product design and sales, and marketing.
Financial Highlights
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| FY22 | FY21 | FY20 | |
| Revenue From Operation | 1232.89 | 680.76 | 303.92 |
| EBITDA | 46.01 | 2.58 | 2.09 |
| EBITDA Margin (%) | 3.73 | 0.38 | 0.69 |
| Profit After Tax | 30.36 | 0.47 | 0.46 |
| EPS | 25.04 | 4.67 | 4.63 |
| ROE | NA | NA | NA |
How to apply for Stitched Textiles Ltd. IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Stitched Textiles Ltd. IPO and approve the payment on your UPI ID.
Demat Account
- If you are an existing Angel One user, Pre-Apply Now!
- If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.
Stitched Textiles Ltd. IPO Noteworthy Highlights:
- As of May 31, 2022, the company has 85 exclusive brand outlets in 50 cities across 13 states.
- EBOs represent 4.58%, 6.24%, and 13.37% of their revenue from operations in Fiscal 2020, 2021, and the period ended January 31, 2022, respectively.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| Their strength is a strong brand presence in India. | The company’s promoter has failed to repay loans and has cases pending against him as a wilful defaulter. |
| A multi-channel business model allows them to cater to customers in their exclusive brand stores and online platforms. | The company needs to maintain and enhance brand awareness to continue earning profit. |
| A team of experienced management and a promoter group leads the company. | Their business depends on third-party vendors for material procurement and has no manufacturing facilities. |
Competitive Peers
There is no similar company in India that engages in a business similar to that of Stitched Textiles Ltd. Hence, a strict comparison is not possible.
Stitched Textiles Ltd. IPO FAQs
What is Stitched Textiles Ltd. IPO?
When will Stitched Textiles Ltd. IPO allotment be available?
What will be Stitched Textiles Ltd. IPO lot size?
When will Stitched Textiles Ltd. IPO open for subscription?
What minimum lot size can retail investors subscribe to?
When will Stitched Textiles Ltd. list on exchanges?
How to check the allotment status of Stitched Textiles Ltd. IPO?
When checking the allotment status, keep your application, DP ID, and PAN number ready.
What would be the listing gains on Stitched Textiles Ltd. IPO?
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
I have finished the application process for Stitched Textiles Ltd. IPO, but the funds are not yet debited. What is the reason?
How to approve the UPI mandate request for the Stitched Textiles Ltd. IPO?
Can I submit more than one application for the public issue of Stitched Textiles Ltd. using one PAN?
What is the minimum order quantity for Stitched Textiles Ltd. IPO?
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