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 Date	Aug 2, 2016
IPO Closing Date	Aug 4, 2016
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹258 to ₹268 per equity share
Market Lot	55 Shares
Min Order Quantity	55 Shares
Listing At	BSE, NSE
Issue Size	8,922,388 Eq Shares of ₹10 (aggregating up to ₹239.12 Cr)
Fresh Issue	8,022,388 Eq Shares of ₹10 (aggregating up to ₹215.00 Cr)
Offer for Sale	900,000 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).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	55	₹14,740
Maximum	13	715	₹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)

Category	IPO Subscription
QIB	2.21x
NII	5.10x
RII	1.90x
Total	2.66x

S P Apparels IPO Prospectus

› S P Apparels IPO RHP

S P Apparels IPO Rating

428

3.7

Rating:

Vote Here ...

S P Apparels IPO Listing Date

Listing Date	Friday, August 12, 2016
BSE Script Code	540048
NSE Symbol	SPAL
Listing In	T
ISIN	INE212I01016
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

Dilip Davda - Other
Hem Securities - Avoid
Hem Securities - Avoid
ICICI Direct - Avoid
ICICI Direct - Avoid

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 Lead Manager(s)

Lead Manager Reports

S P Apparels IPO FAQs

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.
When S P Apparels IPO will open?

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

299. Lalaram |Aug 25, 2016 12:10

5% Uper Circuit

299.1. Khemka |Aug 25, 2016 14:11

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 21:05

Khemka Ji,

Any advise on Dilip ..

298. vatsanmb |Aug 18, 2016 18:20

I was not expecting this stock to cross 300. Awestuck!!

297. gamble |Aug 16, 2016 12:50

IPO Guru (1600+ Posts, 3900+ Likes)

Exit both...buy below issue price if necessory only !!

296. NRJAIN |Aug 16, 2016 10:30

S P me kya karana chaiye? SELL or HOLD?

295. RKS |Aug 15, 2016 13:00

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 20:54

Absolutely, Thanks!!
Happy i-Day to you too and all others!!

295.2. Septa |Aug 16, 2016 00:38

IPO Guru (4000+ Posts, 4500+ Likes)

Jai Hind

294. PANKAJJJJ |Aug 13, 2016 13:09

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 23:27

S P me ky kre sell ya hold ky traget h

292. bangalore king |Aug 12, 2016 20:09

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 childrenâ€™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 19:19

Thanks Eagleye for SPA IPO

290. Viraj |Aug 12, 2016 19:11

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 22:17

IPO Mentor (700+ Posts, 900+ Likes)

good allotment & good profitable spa ipo..

289. Chem cho |Aug 12, 2016 18:20

IPO Guru (2000+ Posts, 2000+ Likes)

Are experts sleeping 295 bse 289 nse 5 %circuit ,

expert fools said , not to apply ,

289.1. AMRISHIPO |Aug 17, 2016 16:40

Pl clarify to me i am new ,

who is that expert fool

289.2. AMRISHIPO |Aug 17, 2016 16:42

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 15:49

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 13:25

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 13:16

Please advice should we hold S P Apparels or sell ?

Load more comments (1 replies)

286.2. Khemka |Aug 12, 2016 13:26

IPO Guru (1000+ Posts, 400+ Likes)

Hold till in trade group,sell on 9th day or at 350

286.3. Khemka |Aug 12, 2016 20:32

IPO Guru (1000+ Posts, 400+ Likes)

Selling at 300 will be good option seems ,

285. BULLS OF INDIA |Aug 12, 2016 12:31

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 12:29

Top Contributor (200+ Posts)

Market depth at BSE is:

Buyers: NIL

Sellers: 2,20,990

CMP: 289.75

Load more comments (1 replies)

284.2. AMRISHIPO |Aug 12, 2016 14:30

you are wrong

they are buyers standing and

no sellers , 5% circuit

284.3. NEW TO IPO |Aug 12, 2016 15:48

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 11:41

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?

Load more comments (2 replies)