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Friday, April 6, 2012

Retail business IPO you may want to look for

Retail chain operator Tristar Retail operates Reebok franchisee in India, largest franchisee (in terms of number of stores) of Titan Eye Plus and one of the largest master franchisees in terms of number of stores of Signature/Denizen in India.

Tristar Retail planning IPO of Rs 25 cr
Tristar Retail is planning to tap capital market with an initial public offering of Rs 25 crore. It is the largest retail operator (in terms of number of stores) OF all brands mentioned above as per their draft prospect submitted to SEBI.

As of January 31, 2012, Tristar has 166 retail outlets across 50 cities and 9 states with a portfolio of brands including Reebok, Levi Strauss Signature/Denizen, John Players, Titan, Titan Eye Plus, Nokia and Levis.

The company intends to use issue proceeds for working capital (of Rs 13 crore); expansion of exclusive brand outlets (EBOs) of brand Denizen (with an outlay of Rs 5.85 crore); and investment in subsidiary Tristar Retail Concepts Private Limited for expansion of exclusive brand outlets of brand Nokia (with Rs 1.13 crore).

For the year ended March 31, 2011, it reported consolidated net profit of Rs 5.06 crore on total income of Rs 101.31 crore while its standalone net profit came in at Rs 3.72 crore on total income of Rs 112.19 crore.

As of September 31, 2011, the company has debt of Rs 82 crore (consolidated) and Rs 48.43 crore (standalone).

Shareholding:
Promoters Kamal Shantilal Kothari and his wife Preeti Kamal Kothari along with other group companies hold 91.98% stake in the company.

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