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

Aug 2, 2016 - Aug 4, 2016

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 chittorgarh.com, 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 Chittorgarh.com, the most active IPO discussion forum.

Company Promoters:

The promoters of the company are:

1. Mr. P. Sundararajan
2. Mrs. S. Latha

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

5,304.11

5,370.35

5,402.47

5,505.56

Total Revenue

5,417.43

4,824.71

4,533.30

4,300.49

4,025.16

Profit After Tax (PAT) 373.58

109.17

71.51

31.41

118.32

Objects of the Issue:

The public issue comprises a fresh Issue and an offer for sale by the selling shareholders. Information in this section is taken from chittorgarh.com, 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 Details

IPO Opening DateAug 2, 2016
IPO Closing DateAug 4, 2016
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹258 to ₹268 per equity share
Market Lot55 Shares
Min Order Quantity55 Shares
Listing AtBSE, NSE
Issue Size8,922,388 Eq Shares of ₹10
(aggregating up to ₹239.12 Cr)
Fresh Issue8,022,388 Eq Shares of ₹10
(aggregating up to ₹215.00 Cr)
Offer for Sale900,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

S P Apparels IPO Lot Size

The S P Apparels IPO market lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹191,620).

ApplicationLotsSharesAmount (Cut-off)
Minimum155₹14,740
Maximum13715₹191,620

S P Apparels IPO Subscription Status (Bidding Detail)

The S P Apparels IPO is subscribed 2.66x times on Aug 4, 2016 18:30. The public issue subscribed 1.90x in the retail category, 2.21x in the QIB category, and 5.10x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

2.21x

NII

5.10x

RII

1.90x

Total

2.66x

S P Apparels IPO Prospectus

S P Apparels IPO Rating

428
3.7
Rating:Rated 3.7 stars

Vote Here ...

S P Apparels IPO Listing Date

Listing DateFriday, August 12, 2016
BSE Script Code540048
NSE SymbolSPAL
Listing InT Group of Securities
ISININE212I01016
IPO Price₹268 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹268.00
₹305.00
₹289.75
₹305.00
₹295.00
619,737
NSE
₹268.00
₹275.00
₹275.00
₹288.75
₹288.75
2,003,330

S P Apparels IPO Reviews / Ratings

Company Contact Information

S P Apparels Ltd
39-A, Extension Street,
Kaikattipudur Avinashi 641 654,
Tirupur

Phone: +91 4296 304000
Email: csoffice@s-p-apparels.com
Website: http://www.spapparels.com

S P Apparels IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: spal.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

S P Apparels IPO FAQs

  1. What is S P Apparels IPO?

    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 equity share. The minimum order quantity is 55 Shares.

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

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

  2. When S P Apparels IPO will open?

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

  3. What is the lot size of S P Apparels IPO?

    S P Apparels IPO lot size is 55 Shares and the minimum order quantity is 55 Shares.

  4. How to apply for S P Apparels IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When S P Apparels IPO allotment?

    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.

  6. When is S P Apparels IPO listing date?

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

S P Apparels IPO Message Board

Ranked Members  Ranked Members

Loading...
299. Lalaram |Aug 25, 2016 11:10
5% Uper Circuit
299.1. Khemka |Aug 25, 2016 13:11
IPO Guru IPO Guru (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
299.2. Indian |Aug 25, 2016 20:05
Khemka Ji,

Any advise on Dilip ..
298. vatsanmb |Aug 18, 2016 17:20
I was not expecting this stock to cross 300. Awestuck!!
297. gamble |Aug 16, 2016 11:50
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Exit both...buy below issue price if necessory only !!
296. NRJAIN |Aug 16, 2016 09:30
S P me kya karana chaiye? SELL or HOLD?
295. RKS |Aug 15, 2016 12:00
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.
295.1. Praveen Prasad |Aug 15, 2016 19:54
Absolutely, Thanks!!
Happy i-Day to you too and all others!!
295.2. Septa |Aug 15, 2016 23:38
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
Jai Hind
294. PANKAJJJJ |Aug 13, 2016 12:09
13, 2016 11:47:27 AM IST Reply
Capital market is a place where no one is 100% sure that he will be right....so 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 hain....ye 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
293. Sunil kumar rathi |Aug 12, 2016 22:27
S P me ky kre sell ya hold ky traget h
292. bangalore king |Aug 12, 2016 19:09
Top Contributor Top Contributor (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.
291. Indian |Aug 12, 2016 18:19
Thanks Eagleye for SPA IPO
290. Viraj |Aug 12, 2016 18:11
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
my erliar post

S P Apparels Ltd IPO
150. Viraj Aug 4, 2016 11:25:45 AM
IST
High risk high return ipo i will apply...
290.1. Viraj |Aug 12, 2016 21:17
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
good allotment & good profitable spa ipo..
289. Chem cho |Aug 12, 2016 17:20
IPO Guru IPO Guru (2100+ Posts, 2100+ Likes)
Are experts sleeping 295 bse 289 nse 5 %circuit ,

expert fools said , not to apply ,

289.1. AMRISHIPO |Aug 17, 2016 15:40
Pl clarify to me i am new ,

who is that expert fool
289.2. AMRISHIPO |Aug 17, 2016 15:42
shall i apply in RBL IPO , according to you

and what what that expert fool recommends in to applying RBL ipo
288. SkDash |Aug 12, 2016 14:49
IPO Mentor IPO Mentor (600+ Posts)
Your bullish on SPAL might make you foolish. Fundamentals dont play much role in newly listed securities
287. vatsanmb |Aug 12, 2016 12:25
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
286. Rujuta |Aug 12, 2016 12:16
Please advice should we hold S P Apparels or sell ?
286.2. Khemka |Aug 12, 2016 12:26
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Hold till in trade group,sell on 9th day or at 350
286.3. Khemka |Aug 12, 2016 19:32
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Selling at 300 will be good option seems ,
285. BULLS OF INDIA |Aug 12, 2016 11:31
Top Contributor Top Contributor (200+ Posts)
SPA
Market depth at BSE is:
Buyers : NIL
Sellers: 2,21,693
CMP: 289.75
284. BULLS OF INDIA |Aug 12, 2016 11:29
Top Contributor Top Contributor (200+ Posts)
Market depth at BSE is:

Buyers: NIL

Sellers: 2,20,990

CMP: 289.75
284.2. AMRISHIPO |Aug 12, 2016 13:30
you are wrong


they are buyers standing and

no sellers , 5% circuit
284.3. NEW TO IPO |Aug 12, 2016 14:48
Yes, You r absolutely right @ AMRISHIPO
Buyers standing

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

GOOD AMRISHIPO KEEP IT UP
GOOD JOB
283. sahilkakkad |Aug 12, 2016 10:41
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 market..so how do i sell?
283.3. BULLS OF INDIA |Aug 12, 2016 11:34
Top Contributor Top Contributor (200+ Posts)
I can order (sell) at NSE or BSE even if it is at lower circuit. You will be in a queue.
283.4. BULLS OF INDIA |Aug 12, 2016 11:37
Top Contributor Top Contributor (200+ Posts)
typo I = You
282. Nilesh.Lathiya |Aug 12, 2016 10:37
i think book profit this time
and waiting RBL
281. ARUNAM |Aug 12, 2016 10:37
CAN WE HOLD THE STOCK OR SELL, PLEASE SUGGEST
280. Mohenjo Daro |Aug 12, 2016 10:21
Rks says to apply LT and avoid sp apparels. SP gives 2000 per application. Fraud
280.2. AMRISHIPO |Aug 12, 2016 10:32
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
280.3. RKS |Aug 12, 2016 10:46
Yes Amrish. Your guess is correct. They talk about me.







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