Norspin International Ltd.
SMEBSETBA
TBA
1 Shares
TBA
₹10
Financial Summary
| Particulars | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 10,064.84 | 6,070.89 | |
| 0.37 | 24.08 | |
| 10,065.21 | 6,094.97 | |
| 8,240.39 | 5,405.26 | |
| 1,436.93 | 551.29 | |
| 1,058.3 | 387.92 |
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
TBA
TBA
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Capital expenditure towards purchase of new equipment/machineries for installation our Manufacturing | 50.502 |
| 2 | Capital expenditure towards interior work and for setting up new Exclusive brand outlets (“EBOs”). | 26.586 |
| 3 | Funding Working Capital Requirement | 400 |
| 4 | Repayment/prepayment of certain borrowings availed by our Company. | 31.615 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
84.37%
Promoter stake
IPO Registrar
Maashitla Securities Pvt Ltd.
About the Company
Our Company is engaged in the business of manufacturing, designing, branding and retailing of readymade apparel offering diverse range of men’s and women’s fashion. Our product portfolio includes top-wear, bottom-wear, and accessories that caters to both Men and Women, including every-day wear, casual wear, and work wear. The Company is predominantly more focused on the Men’s wear segment and as such, the revenue from this category comprises around 90% of the Income from operations of the Company.
Use of Proceeds
1. Capital expenditure towards purchase of new equipment/machineries for installation at our New Manufacturing Unit of the Company located at Gurugram, Haryana.2. Capital expenditure towards interior work and for setting up new Exclusive brand outlets (“EBOs”).3. Funding Working Capital Requirement.4. Repayment/prepayment of certain borrowings availed by our Company.5. General Corporate Expenses
Norspin International Ltd. Latest News
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IPO FAQs
The for the Norspin International Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.
Maashitla Securities Pvt Ltd. is the for the Norspin International Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Norspin International Ltd. IPO shares are proposed to be listed on BSE.
Each Norspin International Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 84.37% of Norspin International Ltd. before the IPO.
- 1.Capital expenditure towards purchase of new equipment/machineries for installation at our New Manufacturing Unit of the Company located at Gurugram, Haryana
- 2.Capital expenditure towards interior work and for setting up new Exclusive brand outlets (“EBOs”)
- 3.Funding Working Capital Requirement
- 4.Repayment/prepayment of certain borrowings availed by our Company
- 5.General Corporate Expenses
Jawa Capital Services Pvt Ltd. is the book running lead manager for the Norspin International Ltd. IPO.
Pre-apply means placing your Norspin International Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Norspin International Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Norspin International Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.