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Scotts Garments Ltd IPO (Scotts Garments IPO) Detail

Apr 25, 2013 - May 3, 2013

Incorporated in 1992, Scotts Garments Ltd is engaged in the business of garment manufacturing. In addition to manufacture superior quality garments, company also provides additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Gander Mountain – USA, S Oliver, Frankfurt, C&A buying, Germany etc.

Scotts Garments specialize in tailor made products for men, women and kids. Products manufactured by the Company includes Shirts (Cotton, Denim), Tops, Skirts, Trouser (Cotton, Denim), Shorts, Cargos, Knitted Garments, T-Shirts (Basic and Embroidered), Sweats and Jerseys. They export their quality products to several MNC’s into more than 20 countries across the Globe. They have set up an exclusive display showroom at Apparel Export Promotion Council in Gurgaon.

The company has set up a 2.1 M.W capacity windmill at Bellary, Karnataka. The company has entered into Wheeling and Banking agreement with Gulbarga Electricity Supply Company Limited for the sale of the power generated through the wind mill. The company has also signed a Wheeling and Banking agreement with Tamil Nadu electricity board for the sale of power through wind mill at Tirunelveli district, Tamil Nadu.

Company's main suppliers of raw materials are Arthanari Loom Centre (Textile) Pvt. Ltd, Bombay Rayon Fashions Ltd, Shamlal Company (India) Pvt. Ltd, KG Denim Ltd, Arvind Ltd, Alok Industries Ltd and Nahar Industrial Enterprises Ltd.

Objects of the Issue

The Objects of the Issue are to:

1. Setting up of unit for Trouser manufacturing and Knitting and Fabric Processing at Doddaballapur, Karnataka;
2. Margin Money for working capital of new unit;
3. General corporate purpose; and
4. Meet the issue expenses.

Scotts Garments IPO Details

Scotts Garments IPO Date Apr 25, 2013 to May 3, 2013
Scotts Garments IPO Face Value ₹10 per share
Scotts Garments IPO Price ₹118 to ₹120 per share
Scotts Garments IPO Lot Size 100 Shares
Issue Size10,506,954 shares of ₹10
(aggregating up to ₹126.08 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Mr. Naseer Ahmed aged 50 years is the Chairman and Managing Director of the company.

Scotts Garments IPO Lot Size

The Scotts Garments IPO lot size is 100 shares. A retail-individual investor can apply for up to 16 lots (1600 shares or ₹192,000).

Application Lots Shares Amount
Retail (Min) 1 100 ₹12,000
Retail (Max) 16 1600 ₹192,000

Scotts Garments IPO Grading

CARE has assigned a IPO Grade 3/5 to the IPO of Scotts Garments Limited. This grade indicates that the fundamentals of the Scotts Garments IPO are 'average' relative to the other listed equity securities in India. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.

Read Scotts Garments IPO Grading Report

IPO Notices

External Link

Issue Date / Issue Price Revised
Date Posted: 29th April 2013

Book Running Lead Manager to the issue has informed the Exchange that the Scotts Garments Limited issue will close on 3 May, 2013 instead of the earlier closing day on 29 Apr, 2013.Post issue modification date has been revised to 4 May, 2013.

Further price band has revised from 130/- to Rs. 132/- To Rs. 118/- to Rs. 120/- per share.

Scotts Garments IPO Review

Although garment industry is poised for bright prospects ahead as per recent budget, considering listing in "T "group for initial period, it is better to buy at discount post listing.

Read detail review...


Scotts Garments IPO Subscription Status (Bidding Detail)

The Scotts Garments IPO is subscribed 0.27 times on May 3, 2013 5:00:00 PM. The public issue subscribed 0.06 times in the retail category, 0.36 times in the QIB category, and 0.39 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.36
NII0.39
Retail0.06
Employee0.23
Total0.27

Scotts Garments IPO Prospectus

Scotts Garments IPO Rating

30
2.9
Rating:Rated 2.9 stars
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Company Contact Information

Scotts Garments Ltd
481-B Peenya Industrial Area,
Peenya IV Phase,
Bangalore - 560058, Karnataka
Phone: 91-080-41179001/41179002
Email: cs@scottsgarments.com
Website: http://www.scottsgarments.com

Scotts Garments IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: mbd@keynoteindia.net
Website: https://linkintime.co.in/

Scotts Garments IPO Review

Scotts Garments IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Scotts Garments IPO FAQs

Scotts Garments IPO is a main-board IPO of 10,506,954 equity shares of the face value of ₹10 aggregating up to ₹126.08 Crores. The issue is priced at ₹118 to ₹120 per share. The minimum order quantity is 100 Shares.

The IPO opens on Apr 25, 2013, and closes on May 3, 2013.

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

The Scotts Garments IPO opens on Apr 25, 2013 and closes on May 3, 2013.

Scotts Garments IPO lot size is 100 Shares and the minimum order quantity is .

You can apply in Scotts Garments 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.

The finalization of Basis of Allotment for Scotts Garments IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Scotts Garments IPO allotment status.

The Scotts Garments IPO listing date is not yet announced. The tentative date of Scotts Garments IPO listing is [.].
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Scotts Garments IPO Message Board

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16 Comments

16. kumar |   Link |May 13, 2013 3:08:10 PM
JUST DIAL LIMITED
Issue Size Public offer of 17,497,458 equity shares of Rs. 10 each, being made through 100% book-building process, pursuant to an offer for sale (hereafter, “Public Offer”), by the selling shareholders of Just Dial Services Limited.
Issuer Period
20th May to 22nd May 2013
Price Band
Rs. 470/- to Rs. 543/- (10% discount to Retail Investors)
Bid Lot 25 Equity Shares & in multiple of 25 Equity Shares thereafter
Discount 10% Discount to Retail Investors
Safety Net Arrangement
A safety net is being provided by the Safety Net Providers (as defined herein) to Retail Individual Allottees (as defined in the section “Safety Net Arrangement”) who are resident in India in accordance with Regulation 44 of the SEBI Regulations and as out in the section “Safety Net Arrangement” on page 372 of RHP.
15. Rkg |   Link |May 13, 2013 2:46:59 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
JUST DIAL IPO Opening 20-22/5/2013.Price declared 470543 , with 10% discount to retail investors.
14. kumar |   Link |May 8, 2013 4:35:48 PM
Just Dial Limited IPO has got final approval from SEBI. Issue is expected to open on 20th May 2013.
This issue has new important feature of SAFETY NET Mechanism for Retail Investors. Please find below the issue details.
Company
JUST DIAL LIMITED
Issue Size
Public offer of 17,497,458 equity shares of Rs. 10 each, being made through 100% book-building process, pursuant to an offer for sale (hereafter, “Public Offer”), by the selling shareholders of Just Dial Services Limited.
Issuer Period
Tentative 20th May to 22nd May 2013

Price Band
Will be announced two working days prior to the issue opens
Bid Lot
Will be announced two working days prior to the issue opens
Discount
Discount to Retail Investor, if any (Will be announced two working days prior to the issue opens)
Registrar
Karvy Computershare Private Limited
ALLOCATION
QIB-75% of Net Issue Size
HNI-15% of Net Issue Size
Retail-10% of Net Issue Size
IPO Grading-IPO Grade 5/5 by CRISIL
13. CA |   Link |May 5, 2013 12:15:16 PM
my maney clients has lost about all there money in ipo/fpo,s
all are trading in discount 5 rateing to 1 , dont lost your
money in ipo/fpo.
12. Dilip Davda |   Link |May 4, 2013 11:21:39 AM
ISSUE FINALY STANDS WITHDRAWN AS DESPITE EXTENTION AND PRICE REDUCTION, IT COULD ATTRACT JUST 2% MORE BIDS AND FINALLY GOT AROUND 27% BIDS AGAINST OFFER SIZE. AGGRESSIVE PRICING AND "SAFETY NET" MISSING ARE THE MAIN CAUSE, SAYS SEASONED OPERATORS.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

11. DURAI GOUNDER |   Link |May 2, 2013 10:13:19 PM
thak you retail investers for not investing for listing losses

:-)

10. Dilip Davda |   Link |Apr 29, 2013 9:51:05 PM
WITH MUTED RESPONSE OF JUST 25% ON FIFTH DAY OF SUBSCRIPTION, THIS IPO NOW STANDS EXTENDED TILL 03.05.13 WITH REDUCED PRICE BAND OF RS. 118-120, BUT STILL NOT WORTH AS IT IS HIGHER THAN PRE-IPO PLACEMENT AND ALSO SAFETY NET IS NOT BEING OFFERED. IF AT ALL INTERESTED, BUY AT DISCOUNT POST LISTING

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

9. SANJEEV SOOD |   Link |Apr 29, 2013 9:34:14 PM

All Cronies ,

Buy in truckloads , all retail portion is up for your grab , al
ish... I forget to add , happy journey to your grave and
and all the best for your next incarnation.
8. Adarsh SP |   Link |Apr 29, 2013 1:54:59 PM
if we compare to peer company like lovable lingerie ltd, we can go ahead with subscription for Scotts.
7. srinivas bhavimani |   Link |Apr 27, 2013 12:58:06 PM
shows good financial statements, i recommond to buy with target of 170-185
6. SURAJ VAGHELA |   Link |Apr 21, 2013 5:03:50 PM
all of u friend scotts garments ke ipo me kya karna chaiye or fundamently kesa hai ipo ye muje bataye please informe me
5. SURAJ VAGHELA |   Link |Apr 21, 2013 5:00:30 PM
ipo master scotts garment ka ipo me application karni chaiye ya nahi or kitne ki apply karu latest rate kyaaya primium ka please inform me
4. Kishor |   Link |Apr 21, 2013 3:15:24 PM
Its Good to buy I have gone through the RFS & Prosoectus of Scotts Garments.
PE ratio is good and Asvalue of the share is good.
CARE RATING IS ALSO GOOD
Better to buy.
3. Am A |   Link |Apr 19, 2013 3:34:51 PM
An AVOID...

2. DURAI GOUNDER |   Link |Apr 18, 2013 8:26:21 AM
BETTER NOT TO BUY EVEN AFTER ISCOUNT
1. Dilip Davda |   Link |Apr 17, 2013 11:33:59 PM
Pricing is aggressive at a P/E of around 14 plus and at a P/BV of 1.4 plus and thus not worth. It will be listed in T group for initial two weeks. Better buy at discount post listing.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews