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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.
| 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 |
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.
| IPO Date | Aug 2, 2016 to Aug 4, 2016 |
| Listing Date | Friday, August 12, 2016 |
| Face Value | ₹10 per share |
| Price | ₹258 to ₹268 per share |
| Lot Size | 55 Shares |
| Issue Size | 8,922,388 shares of ₹10 (aggregating up to ₹239.12 Cr) |
| Fresh Issue | 8,022,388 shares of ₹10 (aggregating up to ₹215.00 Cr) |
| Offer for Sale | 900,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The promoters of the company are: 1. Mr. P. Sundararajan |
The S P Apparels IPO lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹191,620).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,740 |
| Retail (Max) | 13 | 715 | ₹191,620 |
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...
The S P Apparels IPO is subscribed 2.66 times on Aug 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)
| Category | Subscription (times) |
|---|---|
| QIB | 2.21 |
| NII | 5.10 |
| Retail | 1.90 |
| Total | 2.66 |
| Listing Date | Friday, August 12, 2016 |
| BSE Script Code | 540048 |
| NSE Symbol | SPAL |
| Listing In | T Group of Securities |
| ISIN | INE212I01016 |
| IPO Price | ₹268 per share |
| Face Value | ₹10 per share |
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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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: spal.ipo@linkintime.co.in
Website: https://linkintime.co.in/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 4 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 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.
The S P Apparels IPO opens on Aug 2, 2016 and closes on Aug 4, 2016.
S P Apparels IPO lot size is 55 Shares and the minimum order quantity is .
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.
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