Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Scotts Garments IPO is a book built issue of Rs 126.08 crores.
Scotts Garments IPO bidding started from April 25, 2013 and ended on May 3, 2013.
Scotts Garments IPO price band is set at ₹118 to ₹120 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹12,000.
Canara Bank Merchant Banking Division and Keynote Financial Services Ltd are the book running lead managers of the Scotts Garments IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Scotts Garments IPO RHP for detailed information.
| IPO Date | April 25, 2013 to May 3, 2013 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹118 to ₹120 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 10,506,954 shares (aggregating up to ₹126.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Scotts Garments IPO offers 10,506,954 shares. 2,514,238 (23.93%) to QIB, 4,022,782 (38.29%) to NII, 3,519,934 (33.50%) to RII, 450,000 (4.28%) to employees. 35,199 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 1,700 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,514,238 (23.93%) | NA |
| NII (HNI) Shares Offered | 4,022,782 (38.29%) | |
| Retail Shares Offered | 3,519,934 (33.50%) | 35,199 |
| Employee Shares Offered | 450,000 (4.28%) | NA |
| Total Shares Offered | 10,506,954 (100%) |
Investors can bid for a minimum of 100 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 | 100 | ₹12,000 |
| Retail (Max) | 16 | 1600 | ₹192,000 |
| Lot Size Calculator | |||
Incorporated in 1992, Scotts Garments Ltd is engaged in the business of garment manufacturing. In addition to manufacture superior quality garments, company also provides additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Gander Mountain � USA, S Oliver, Frankfurt, C&A buying, Germany etc.
Scotts Garments specialize in tailor made products for men, women and kids. Products manufactured by the Company includes Shirts (Cotton, Denim), Tops, Skirts, Trouser (Cotton, Denim), Shorts, Cargos, Knitted Garments, T-Shirts (Basic and Embroidered), Sweats and Jerseys. They export their quality products to several MNC�s into more than 20 countries across the Globe. They have set up an exclusive display showroom at Apparel Export Promotion Council in Gurgaon.
The company has set up a 2.1 M.W capacity windmill at Bellary, Karnataka. The company has entered into Wheeling and Banking agreement with Gulbarga Electricity Supply Company Limited for the sale of the power generated through the wind mill. The company has also signed a Wheeling and Banking agreement with Tamil Nadu electricity board for the sale of power through wind mill at Tirunelveli district, Tamil Nadu.
Company's main suppliers of raw materials are Arthanari Loom Centre (Textile) Pvt. Ltd, Bombay Rayon Fashions Ltd, Shamlal Company (India) Pvt. Ltd, KG Denim Ltd, Arvind Ltd, Alok Industries Ltd and Nahar Industrial Enterprises Ltd.
The Objects of the Issue are to:
1. Setting up of unit for Trouser manufacturing and Knitting and Fabric Processing at Doddaballapur, Karnataka;
2. Margin Money for working capital of new unit;
3. General corporate purpose; and
4. Meet the issue expenses.
[Dilip Davda]
Although garment industry is poised for bright prospects ahead as per recent budget, considering listing in "T "group for initial period, it is better to buy at discount post listing.
Read detail review...The Scotts Garments IPO is subscribed 0.27 times on May 3, 2013 5:00:00 PM. The public issue subscribed 0.06 times in the retail category, 0.36 times in the QIB category, and 0.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.36 |
| NII | 0.39 |
| Retail | 0.06 |
| Employee | 0.23 |
| Total | 0.27 |
CARE has assigned a IPO Grade 3/5 to the IPO of Scotts Garments Limited. This grade indicates that the fundamentals of the Scotts Garments IPO are 'average' relative to the other listed equity securities in India. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.
Book Running Lead Manager to the issue has informed the Exchange that the Scotts Garments Limited issue will close on 3 May, 2013 instead of the earlier closing day on 29 Apr, 2013.Post issue modification date has been revised to 4 May, 2013.
Further price band has revised from 130/- to Rs. 132/- To Rs. 118/- to Rs. 120/- per share.
Scotts Garments Ltd
481-B Peenya Industrial Area,
Peenya IV Phase,
Bangalore - 560058, Karnataka
Phone: 91-080-41179001/41179002
Email: cs@scottsgarments.com
Website: http://www.scottsgarments.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mbd@keynoteindia.net
Website: https://linkintime.co.in/initial_offer/public-issues.html
Scotts Garments IPO is a main-board IPO of 10,506,954 equity shares of the face value of ₹10 aggregating up to ₹126.08 Crores. The issue is priced at ₹118 to ₹120 per share. The minimum order quantity is 100 Shares.
The IPO opens on April 25, 2013, and closes on May 3, 2013.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Scotts Garments IPO opens on April 25, 2013 and closes on May 3, 2013.
Scotts Garments IPO lot size is 100 Shares, and the minimum amount required is ₹12,000.
You can apply in Scotts Garments 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 Scotts Garments IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Scotts Garments IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
Top Contributor (500+ Posts, 200+ Likes)
Issue Size Public offer of 17,497,458 equity shares of Rs. 10 each, being made through 100% book-building process, pursuant to an offer for sale (hereafter, “Public Offer”), by the selling shareholders of Just Dial Services Limited.
Issuer Period
20th May to 22nd May 2013
Price Band
Rs. 470/- to Rs. 543/- (10% discount to Retail Investors)
Bid Lot 25 Equity Shares & in multiple of 25 Equity Shares thereafter
Discount 10% Discount to Retail Investors
Safety Net Arrangement
A safety net is being provided by the Safety Net Providers (as defined herein) to Retail Individual Allottees (as defined in the section “Safety Net Arrangement”) who are resident in India in accordance with Regulation 44 of the SEBI Regulations and as out in the section “Safety Net Arrangement” on page 372 of RHP.