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S P Apparels Ltd IPO (S P Apparels IPO) Detail

August 2, 2016 - August 4, 2016

S P Apparels IPO is a book built issue of Rs 239.12 crores. The issue comprises of fresh issue of Rs 215.00 crore and offer for sale of 0.09 crore shares.

S P Apparels IPO bidding started from August 2, 2016 and ended on August 4, 2016. The shares got listed on BSE, NSE on August 12, 2016.

S P Apparels IPO price band is set at ₹258 to ₹268 per share. The minimum lot size for an application is 55 Shares. The minimum amount of investment required by retail investors is ₹14,740.

Centrum Capital Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the S P Apparels IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to S P Apparels IPO DRHP for detailed information.

S P Apparels IPO Details

IPO Date August 2, 2016 to August 4, 2016
Listing Date August 12, 2016
Face Value ₹10 per share
Price Band ₹258 to ₹268 per share
Lot Size 55 Shares
Total Issue Size8,922,388 shares
(aggregating up to ₹239.12 Cr)
Fresh Issue8,022,388 shares
(aggregating up to ₹215.00 Cr)
Offer for Sale900,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

S P Apparels IPO Reservation

S P Apparels IPO offers 6,556,605 shares. 1,939,905 (29.59%) to QIB, 1,385,010 (21.12%) to NII, 3,231,690 (49.29%) to RII. 58,758 RIIs will receive minimum 55 shares and (sNII) and (bNII) will receive minimum 770 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,939,905 (29.59%)NA
NII (HNI) Shares Offered1,385,010 (21.12%)
Retail Shares Offered3,231,690 (49.29%)58,758
Total Shares Offered6,556,605 (100%)

S P Apparels IPO Lot Size

Investors can bid for a minimum of 55 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 55 ₹14,740
Retail (Max) 13 715 ₹191,620
Lot Size Calculator

About S P Apparels Ltd

Incorporated in 1989, S P Apparels is engaged in manufactures and sells knitted garments for infants and children in India. Company's product range includes body suits, sleep suits, tops, and bottoms. Information in this paragraph is taken from, India's No. 1 IPO Investment Portal.

They also manufacture a broad range of menswear garments consisting of shirts, polo shirts, tshirts, trousers, jeans, sweaters, jackets and men's innerwear consisting of vests, briefs, boxer shorts and socks under the brand 'Crocodile' which is subsidiaries through an agreement with Crocodile International Pte Limited, Singapore. They mainly export their products to United Kingdom. During FY16, the company exported approximately 35.98 million pieces of knitted garments for infants and children directly to its international customers, including TESCO and Primark.

SP Apparels operates 21 manufacturing facilities in and around the region of Avinashi in Tamil Nadu. Company has 4,874 sewing machines, eight cutting machines, 79 embroidery machines, 17 printing machines, 16,896 spindles and 22 dyeing machines. Discuss this IPO on, the most active IPO discussion forum.

Company Financials

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 5,780.43





Total Revenue






Profit After Tax (PAT) 373.58





Objects of the Issue (S P Apparels IPO Objectives)

The public issue comprises a fresh Issue and an offer for sale by the selling shareholders. Information in this section is taken from, India's No 1 IPO Investment Portal.

1. The Offer for Sale

S P Apparels will not receive any proceeds from the Offer for Sale.

2. The Fresh Issue

The proceeds from the fresh issue will be utilised towards the following objects:

A. Repayment or prepayment of debt incurred by the Company;
B. Expansion and modernization of their manufacturing facility at Valapady, Salem, Tamil Nadu;
C. Addition of balancing machineries for their existing dyeing unit at SIPCOT, Perundurai;
D. Opening of new stores for the sale of 'Crocodile' products; and
E. General corporate purposes.

S P Apparels IPO Review (May apply)

[Dilip Davda]  BRLMs’ have poor track record. However, considering the sops for the segment in which the company is engaged and has shown improved performances for past four fiscals, cash surplus investors may consider for medium to long term investment in this issue. Read detail review...

S P Apparels IPO Subscription Status (Bidding Detail)

The S P Apparels IPO is subscribed 2.66 times on August 4, 2016 6:30:00 PM. The public issue subscribed 1.90 times in the retail category, 2.21 times in the QIB category, and 5.10 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

S P Apparels IPO Prospectus

S P Apparels IPO Rating

Rating:Rated 3.7 stars
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S P Apparels IPO Listing Details

Listing Date August 12, 2016
BSE Script Code 540048
ISIN INE212I01016
Final Issue Price ₹268 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

S P Apparels Ltd Contact Details

S P Apparels Ltd
39-A, Extension Street,
Kaikattipudur Avinashi 641 654,
Phone: +91 4296 304000

S P Apparels IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

S P Apparels IPO - Buy or Not

S P Apparels IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

S P Apparels IPO FAQs

S P Apparels IPO is a main-board IPO of 8,922,388 equity shares of the face value of ₹10 aggregating up to ₹239.12 Crores. The issue is priced at ₹258 to ₹268 per share. The minimum order quantity is 55 Shares.

The IPO opens on August 2, 2016, and closes on August 4, 2016.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The S P Apparels IPO opens on August 2, 2016 and closes on August 4, 2016.

S P Apparels IPO lot size is 55 Shares, and the minimum amount required is ₹14,740.

You can apply in S P Apparels 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 S P Apparels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the S P Apparels IPO allotment status.

The S P Apparels IPO listing date is on August 12, 2016.
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S P Apparels IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



297. Lalaram |   Link |  Bookmark |August 25, 2016 11:10:10 AM
5% Uper Circuit
297.1. Khemka |   Link |  Bookmark |August 25, 2016 1:11:53 PM (1000+ Posts, 400+ Likes)
From Monday spa will out from trade group and price likely at over 350

281.2. Khemka Aug 12, 2016 12:26:59 PM IST
Hold till in trade group,sell on 9th day or at 350
297.2. Indian |   Link |  Bookmark |August 25, 2016 8:05:26 PM
Khemka Ji,

Any advise on Dilip ..
296. vatsanmb |   Link |  Bookmark |August 18, 2016 5:20:01 PM
I was not expecting this stock to cross 300. Awestuck!!
295. gamble |   Link |  Bookmark |August 16, 2016 11:50:02 AM (1600+ Posts, 3900+ Likes)
Exit below issue price if necessory only !!
294. NRJAIN |   Link |  Bookmark |August 16, 2016 9:30:20 AM
S P me kya karana chaiye? SELL or HOLD?
293. RKS |   Link |  Bookmark |August 15, 2016 12:00:27 PM
On this independence day let''''s remember the martyrs who died fighting for it and those who are sacrificing their lives to keep this nation and its independence safe. Salute to all the soldiers of this nation who give their today for this nations tomorrow. Happy independence day to all of u.
293.1. Praveen Prasad |   Link |  Bookmark |August 15, 2016 7:54:52 PM
Absolutely, Thanks!!
Happy i-Day to you too and all others!!
293.2. Septa |   Link |  Bookmark |August 15, 2016 11:38:22 PM (4000+ Posts, 4600+ Likes)
Jai Hind
292. PANKAJJJJ |   Link |  Bookmark |August 13, 2016 12:09:06 PM
13, 2016 11:47:27 AM IST Reply
Capital market is a place where no one is 100% sure that he will be we should be thankful to both, members like eagleeye for there right recommendation and members who may be this time wrong but give at least there valuable suggestion....
I myself have not applied in sp apparel, seeing risk....but see it has given more return than dbl.....
Kya kah sakte market hi aisa hai

But please friends respect all....we all here to make money....if any one is so called expert why he need advice from others

We all want is good information
Apply or not is individual''s decision
291. Sunil kumar rathi |   Link |  Bookmark |August 12, 2016 10:27:03 PM
S P me ky kre sell ya hold ky traget h
290. bangalore king |   Link |  Bookmark |August 12, 2016 7:09:46 PM (400 Posts)
According to IndiaNivesh Securities Ltd, which had rated the issue a subscribe, there is no other company in the listed space which caters to this niche segment of children’s wear since it is smaller than menswear and womenswear but is growing faster than both.

In a note on 2 August, the brokerage firm said that at upper price band of Rs.268 the stock is available at 19.4 times FY16 earnings per share (EPS) of Rs.13.8 post capital raising, which is at par to its peers such as Kitex Garments Ltd.
289. Indian |   Link |  Bookmark |August 12, 2016 6:19:23 PM
Thanks Eagleye for SPA IPO
288. Viraj |   Link |  Bookmark |August 12, 2016 6:11:25 PM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
my erliar post

S P Apparels Ltd IPO
150. Viraj Aug 4, 2016 11:25:45 AM
High risk high return ipo i will apply...
288.1. Viraj |   Link |  Bookmark |August 12, 2016 9:17:59 PM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
good allotment & good profitable spa ipo..
287. Chem cho |   Link |  Bookmark |August 12, 2016 5:20:41 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
Are experts sleeping 295 bse 289 nse 5 %circuit ,

expert fools said , not to apply ,

287.1. AMRISHIPO |   Link |  Bookmark |August 17, 2016 3:40:31 PM
Pl clarify to me i am new ,

who is that expert fool
287.2. AMRISHIPO |   Link |  Bookmark |August 17, 2016 3:42:50 PM
shall i apply in RBL IPO , according to you

and what what that expert fool recommends in to applying RBL ipo
286. SkDash |   Link |  Bookmark |August 12, 2016 2:49:27 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Your bullish on SPAL might make you foolish. Fundamentals dont play much role in newly listed securities
285. vatsanmb |   Link |  Bookmark |August 12, 2016 12:25:09 PM
What is the maximum price we can sell it today.. Is it the same in both BSE and NSE?
Also please tell me the circuit limits in BSE and NSE for T2T segment
284. Rujuta |   Link |  Bookmark |August 12, 2016 12:16:32 PM
Please advice should we hold S P Apparels or sell ?
284.2. Khemka |   Link |  Bookmark |August 12, 2016 12:26:59 PM (1000+ Posts, 400+ Likes)
Hold till in trade group,sell on 9th day or at 350
284.3. Khemka |   Link |  Bookmark |August 12, 2016 7:32:52 PM (1000+ Posts, 400+ Likes)
Selling at 300 will be good option seems ,
283. BULLS OF INDIA |   Link |  Bookmark |August 12, 2016 11:31:38 AM (200+ Posts)
Market depth at BSE is:
Buyers : NIL
Sellers: 2,21,693
CMP: 289.75
282. BULLS OF INDIA |   Link |  Bookmark |August 12, 2016 11:29:31 AM (200+ Posts)
Market depth at BSE is:

Buyers: NIL

Sellers: 2,20,990

CMP: 289.75
282.2. AMRISHIPO |   Link |  Bookmark |August 12, 2016 1:30:58 PM
you are wrong

they are buyers standing and

no sellers , 5% circuit
282.3. NEW TO IPO |   Link |  Bookmark |August 12, 2016 2:48:10 PM
Yes, You r absolutely right @ AMRISHIPO
Buyers standing

latest figure Market depth @ BSE
Buyers : 5,681
Sellers: 1,28,836

281. sahilkakkad |   Link |  Bookmark |August 12, 2016 10:41:32 AM
Can anyone please tell me, I have one lot in each accounts,,, i want to sell SPal (s.p apparels) in BSE market. Can i do it? cz my demat & trading is icicidirect so nsdl.
i can rit? but i can see there''s circuit in bse how do i sell?
281.3. BULLS OF INDIA |   Link |  Bookmark |August 12, 2016 11:34:21 AM (200+ Posts)
I can order (sell) at NSE or BSE even if it is at lower circuit. You will be in a queue.
281.4. BULLS OF INDIA |   Link |  Bookmark |August 12, 2016 11:37:37 AM (200+ Posts)
typo I = You
280. Nilesh.Lathiya |   Link |  Bookmark |August 12, 2016 10:37:22 AM
i think book profit this time
and waiting RBL
279. ARUNAM |   Link |  Bookmark |August 12, 2016 10:37:21 AM
278. Mohenjo Daro |   Link |  Bookmark |August 12, 2016 10:21:23 AM
Rks says to apply LT and avoid sp apparels. SP gives 2000 per application. Fraud
278.2. AMRISHIPO |   Link |  Bookmark |August 12, 2016 10:32:11 AM
who is this RKS
i am new is he one of the so called expert in this forum ,

or khemka says
@fools he is the same person
278.3. RKS |   Link |  Bookmark |August 12, 2016 10:46:13 AM
Yes Amrish. Your guess is correct. They talk about me.