S P Apparels Ltd IPO Message Board (Page 14)

Sure shot strategy would be to buy all 5000 + listed company .

So , isn''''''''''''''''''''''''''''''''t it easy to make money ? . It doesn''''''''''''''''''''''''''''''''t happen that way. Do your own research , go thru some pain in the market then only wealth will be created.

1998 - Yahoo refuses to buy google for $1 million
2002 - Yahoo tries to buy google , google says $5 Billion , yahoo refuses
2008 - Yahoo refuses to be sold to Microsoft for $40 Billion
2016 - Yahoo sold for $4.6 Billion to verizon

So , learning is even company doesn''''''''''''''''''''''''''''''''t know their future . So , its a joke to ask analyst/experts for multibagger

Agree with u,but now just running industries on expart,tips for short,long ......

👍

But kisi bhi msg ko sirf ek ji bar post karo.... Bar bar same thing post karne se kuch nahi hota

Any kostak for SP apparels Ahmedabad?

Dear friends,

Please help with the below details for SP Apparels

- Market cap at offer price
- Promoter holding post listing
- total debt
- current Debt to Equity ratio
- Net non current assets minus total debt

Thanks in advance to you all knowledgeable folks on this forum.

What happened to RBL bank IPO? It was also planned for 1st August.

Ujjivan hits life time high of 491........

What a Gem it is.....

The company is looking to primarily use the proceeds of the IPO to repay Rs 63 crore of debt, nearly Rs 75 crore in capital expenditure and Rs 28 crore in expanding their retail brand ‘Crocodile’, P Sundar Rajan, chairman and managing director told BloombergQuint. The debt in the books of the company as of March 31, 2016 stood at Rs 256 crore.

SP Apparels Ltd is a manufacturer and exporter of knitted garments for infants and children. The company has two verticals - garments and retail. Garments involves only manufacture and export whereas retail division engages in manufacture, distribution and marketing the products under their brand Crocodile.

The company is looking to extend the Crocodile brand to men and women’s wear, P Sundar Rajan and Chief Financial Officer V Balaji said.

The company’s consolidated revenue and net profit grew to Rs Rs 537 crore from Rs 479 crore, while net profit grew to Rs 34 crore from Rs 10 crore, at the end of March 31, 2016.

Tirupur-based SP Apparels, which manufactures and exports knitted garments for children, is launching its initial public offer next week. It hopes to raise Rs 239 crore (at the upper end of the price band), of which Rs 215 crore will be a fresh issue and the remaining an offer-for-sale by New York Life Investment Management India Fund (FVCI) II. The price band is fixed at Rs 258-268 for an equity share of Rs 10 face value.

The offer will be open from August 2-4. Bids can be made for a minimum of 55 equity shares and in multiples of 55 thereafter.


Utilisation of funds

Motilal Oswal Investment Advisors Pvt Ltd and Centrum Capital are the merchant bankers to the issue. The equity shares are proposed to be listed on the BSE and the NSE.

The company intends to use the fresh funds to repay debt, expand and modernise the manufacturing facility at Vazhapadi (Salem, Tamil Nadu), open new stores for its sales of its in-house ‘Crocodile’ brand and add balancing machineries for the existing dyeing unit at SIPCOT, Perundura

i like equitas holding ujjivan finance and yes bank for next 5 yrs

Form modulator pl give reply that offer for sale of share is 900000 ? Confirm or any mistake on your hand and if so than correct it.

Hi Mudit.

As per the drhp, the offer for sale is correct. It is 900,000 shares. If this is not correct, please share the source.

SPA GMP?
DILIP GMP?

China market down 100 points today fearing possible conflict near south china sea .

S P Apparels IPO
If Issue Price = Rs.268/-

Category      No.of Shares      Value
Anchor      26,76,716      Rs.72Crs.
Net QIB      17,84,478      Rs.48Crs.
NII      13,38,358      Rs.36Crs.
RII      31,22,836      Rs.84Crs (56,779 Forms)
Total      8,922,388       Rs.239Crs

It means it may be subscribe 18-20 times subscribe in retail. And gmp is 55-60. Than what can be kostak.

I cannot answer your query ... ask the forum modulator to respond

Total no. of share to be offer os 900000 and price band on upper band is 268. now what is the size of issue pn upper band. Now lot size is 55 and 35 percent is for retailer. than to be subscribe for one time how much application is need. approximately how much time in retail it can subscribe.

SPA Retail category = 56,779 Forms


DBL Retail category = 1,60,795 Forms

Consolidated diluted eps
FY 14 = 3.89
FY 15 = 5.40
FY 16 = 17.15
Also, note there will be circuit limit of 5% on either side on the discovered pre-opening price,it being issue below 250crs.

Issue price seems reasonable.

I will be applying in S P Apparels IPO
I shall NOT be applying in Dilip Buildcon IPO

Hi Eagleye , can you add my mobile no 9 3 2 8 1 8 0 3 1 1 in your what app group of secondary market

Do let me charges payable if any - Thanks

Can any expert in this forum could suggest me some good stocks to invest in for long term (10 years) for good gains ? Pharma, Auto, Cement etc..I am new to this and gaining knowledge for investment.
Appreciate some genuine response.

Thanks for the advice Surya.

You can look at RPG life sciences. Posted excellent first quarter results today. Company has sold its fermentation unit and proceeds are going to be used to buy some prescription brands from Sun Pharma. Company is also diversifying in to research based beauty products. Life sciences products have got regulatory approvals in Europe, and focusing next in US. Seems to be doing all the right things. If market liquidity continues price may kiss Rs 500 a piece from current Rs. 350 in the short term. Today big jump was witnessed on account of quarterly results. It can be a multibagger. Do your own analysis and decide.

It is dealing in Lacoste brand " crocodile" rip-off. Does not even come close to original Lacoste quality. The issue is fully priced . Invest only if you have a compelling reason to do so.

I presume since $ earnings data not available, that topline growth is mainly on account of a depreciating INR. If you must invest in this sector ,you can very well buy Kitex garments from the market!

S.P. Apparels
Revenue      5,417.43
FV      10
RONW (%)      29.08
NAV      74.92
EPS      18.70
IPO Price      268
P/E      14.33



Kitex Garments
Revenue      5,458.17
FV      1
RONW (%)      30.51
NAV      77.34
EPS      23.60
CMP      490
P/E      20.76

very nice data mam I will apply

What is the ROCE and D/E ratio for this company?

Egale ji ur final opinion for this ipo
Apply or avoid?

you changed again ... from being "mehulmehta" to "Mumbai DON" .. when will you go back to being "oja" ?

now confirmed this is eagleye..

The size of the issue being below Rs. 250 crore, it will get listed in "T" group and hence speculative investment will not take place in the IPO. However, considering their performance, long term investors may ripe benefits as it is considered as another Kitex in the making.

Kitex is a worst company to invest for.

Their financials are under question mark.

Very high receivables and Inventory holding period. Sooner or later, their succes party will be halted.

Holding cash of 200 crores in books but not earning comparable/matching interest on it.
Reported as held in EEFC account (Foreign exchange currency current account) in anticipation of better exchange rate conversion.
Is they are running investing company or garment company.

Well friends, thanks for your valued inputs which I am sure you must have done post studying Kitex annual reports. Now do same thing for SPAL and judge for yourself the difference.