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Sudar IPO is a book built issue of Rs 69.98 crores.
Sudar IPO bidding started from February 21, 2011 and ended on February 24, 2011. The shares got listed on BSE, NSE on March 11, 2011.
Sudar IPO price band is set at ₹72 to ₹77 per share. The minimum lot size for an application is 81 Shares. The minimum amount of investment required by retail investors is ₹6,237.
Ashika Capital Ltd is the book running lead manager of the Sudar IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Sudar IPO RHP for detailed information.
IPO Date | February 21, 2011 to February 24, 2011 |
Listing Date | March 11, 2011 |
Face Value | ₹10 per share |
Price Band | ₹72 to ₹77 per share |
Lot Size | 81 Shares |
Total Issue Size | 9,088,000 shares (aggregating up to ₹69.98 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Sudar IPO offers 9,088,000 shares. 4,544,000 (50.00%) to QIB, 1,363,200 (15.00%) to NII, 3,180,800 (35.00%) to RII. 39,269 RIIs will receive minimum 81 shares and (sNII) and (bNII) will receive minimum 2,673 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 4,544,000 (50.00%) | NA |
NII (HNI) Shares Offered | 1,363,200 (15.00%) | |
Retail Shares Offered | 3,180,800 (35.00%) | 39,269 |
Total Shares Offered | 9,088,000 (100%) |
Investors can bid for a minimum of 81 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 81 | ₹6,237 |
Retail (Max) | 32 | 2592 | ₹199,584 |
Lot Size Calculator |
Incorporated in 2002, Sudar Garments Limited is a leading manufacturer and exporter for readymade garments specialized in elegant Shirts, Trousers and wide range of apparel for Men, Women & Kids.
Sudar Garments has its own manufacturing setup at Khalapur Taluka, Raigad District, Maharashtra with a built-up area of about, 29,626.30 Sq. Mtr. having a combined capacity of producing 1,66,667 pieces of shirts, dress, pants, tops, skirts, and denims per month. The company is presently manufacture under its own brand name �Glory to Glory� and will be launching shortly two more brands namely 'St. Paul' and 'Majesty'.
Particulars | For the year/period ended (in Rs. Lacs) | |||||
30-Sep-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
Total Income | 5260.26 | 5397.29 | 2089.93 | 888.96 | 863.28 | 630.82 |
Profit After Tax (PAT) | 407.69 | 411.26 | 58.81 | 27.58 | 10.52 | (0.91) |
The objects of the issue are:
1. Expansion of the existing apparel manufacturing unit;
2. Meeting Working Capital Requirement;
3. Setting up Retail Outlets and Brand Building;
4. Meeting General Corporate Expenses;
5. Meeting the Issue Expenses and
6. Creating a public trading market for the equity shares of the company.
The Sudar IPO is subscribed 1.55 times on February 24, 2011 5:00:00 PM. The public issue subscribed 2.27 times in the retail category, 0.17 times in the QIB category, and 4.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 0.17 |
NII | 4.47 |
Retail | 2.27 |
Total | 1.55 |
CRISIL has assigned an IPO Grade 1 to Sudar Garments Ltd IPO. This means as per CRISIL, company has 'Poor Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Sudar Garments Ltd.
Sudar Garments Ltd IPO, Sudar Garments IPO,Sudar Garments IPO Bidding, Sudar Garments IPO Allotment Status, Sudar Garments IPO drhp and Sudar Garments IPO listing.
Listing Date | March 11, 2011 |
BSE Script Code | 533332 |
NSE Symbol | SUDAR |
ISIN | INE384L01017 |
Final Issue Price | ₹77 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹77.00 |
₹74.00 |
₹74.00 |
₹117.70 |
₹113.10 |
NSE |
---|
₹77.00 |
₹80.05 |
₹80.05 |
₹117.35 |
₹113.10 |
Sudar Garments Ltd
117, First Floor, Vardhaman Market,
Sector - 17 , Vashi,
Navi Mumbai - 400 703
Phone: 022 27800706/27880994
Email: ipo@sudargarments.com
Website: http://www.sudargarments.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sul.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Sudar IPO is a main-board IPO of 9,088,000 equity shares of the face value of ₹10 aggregating up to ₹69.98 Crores. The issue is priced at ₹72 to ₹77 per share. The minimum order quantity is 81 Shares.
The IPO opens on February 21, 2011, and closes on February 24, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Sudar IPO opens on February 21, 2011 and closes on February 24, 2011.
Sudar IPO lot size is 81 Shares, and the minimum amount required is ₹6,237.
You can apply in Sudar IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sudar IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sudar IPO allotment status.
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