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Sudar Garments Ltd IPO (Sudar IPO) Detail

Feb 21, 2011 - Feb 24, 2011

Incorporated in 2002, Sudar Garments Limited is a leading manufacturer and exporter for readymade garments specialized in elegant Shirts, Trousers and wide range of apparel for Men, Women & Kids.

Sudar Garments has its own manufacturing setup at Khalapur Taluka, Raigad District, Maharashtra with a built-up area of about, 29,626.30 Sq. Mtr. having a combined capacity of producing 1,66,667 pieces of shirts, dress, pants, tops, skirts, and denims per month. The company is presently manufacture under its own brand name “Glory to Glory” and will be launching shortly two more brands namely 'St. Paul' and 'Majesty'.

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Company Promoters:

The promoter of the company is Mr. Murugan Muthiah Thevar. He is currently the Chairman and Managing Director of the company.

Company Financials:

ParticularsFor the year/period ended (in Rs. Lacs)
30-Sep-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income5260.265397.292089.93888.96863.28630.82
Profit After Tax (PAT)407.69411.2658.8127.5810.52(0.91)

Objects of the Issue:

The objects of the issue are:

1. Expansion of the existing apparel manufacturing unit;
2. Meeting Working Capital Requirement;
3. Setting up Retail Outlets and Brand Building;
4. Meeting General Corporate Expenses;
5. Meeting the Issue Expenses and
6. Creating a public trading market for the equity shares of the company.

Sudar IPO Details

IPO Opening Date Feb 21, 2011
IPO Closing Date Feb 24, 2011
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹72 to ₹77 per equity share
Market Lot 81 Shares
Min Order Quantity 81 Shares
Listing At BSE, NSE
Issue Size9,088,000 Eq Shares of ₹10
(aggregating up to ₹69.98 Cr)

Sudar IPO Lot Size

The Sudar IPO market lot size is 81 shares. A retail-individual investor can apply for up to 32 lots (2592 shares or ₹199,584).

Application Lots Shares Amount (Cut-off)
Minimum 1 81 ₹6,237
Maximum 32 2592 ₹199,584

Sudar Garments Ltd

CRISIL has assigned an IPO Grade 1 to Sudar Garments Ltd IPO. This means as per CRISIL, company has 'Poor Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Sudar Garments Ltd.

Sudar Garments Ltd IPO Tags:

Sudar Garments Ltd IPO, Sudar Garments IPO,Sudar Garments IPO Bidding, Sudar Garments IPO Allotment Status, Sudar Garments IPO drhp and Sudar Garments IPO listing.

Sudar IPO Subscription Status (Bidding Detail)

The Sudar IPO is subscribed 1.55 times on 2/24/2011 5:00:00 PM. The public issue subscribed 2.27 times in the retail category, 0.17 times in the QIB category, and 4.47 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.17
NII4.47
Retail2.27
Total1.55

Sudar IPO Prospectus

Sudar IPO Rating

121
2.9
Rating:Rated 2.9 stars
Vote Here ...

Sudar IPO Listing Date

Listing Date Friday, March 11, 2011
BSE Script Code 533332
NSE Symbol SUDAR
Listing In B Group of Securities
ISIN INE384L01017
IPO Price ₹77 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹77.00
₹74.00
₹74.00
₹117.70
₹113.10
NSE
₹77.00
₹80.05
₹80.05
₹117.35
₹113.10

Company Contact Information

Sudar Garments Ltd
117, First Floor, Vardhaman Market,
Sector - 17 , Vashi,
Navi Mumbai - 400 703
Phone: 022 27800706/27880994
Email: ipo@sudargarments.com
Website: http://www.sudargarments.com/

Sudar IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: sul.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Sudar IPO Reviews / Ratings

  • CRISIL - Avoid
  • MLR Securities Private Ltd - Avoid

Sudar IPO FAQs

Sudar IPO is a main-board IPO of 9,088,000 equity shares of the face value of ₹10 aggregating up to ₹69.98 Crores. The issue is priced at ₹72 to ₹77 per equity share. The minimum order quantity is 81 Shares.

The IPO opens on Feb 21, 2011, and closes on Feb 24, 2011.

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

The Sudar IPO opens on Feb 21, 2011 and closes on Feb 24, 2011.

Sudar IPO lot size is 81 Shares and the minimum order quantity is 81 Shares.

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

The Sudar IPO listing date is on Friday, March 11, 2011.

Sudar IPO Message Board

Ranked Members  Ranked Members

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42 Comments

42. Ravi, Bangalore |Mar 28, 2011 4:10:10 PM
Top Contributor Top Contributor (300+ Posts)
41. Lost in Market

Sudar (120)

Is honey-moon over? Confirmation in the days to follow.

It may fall to 110?
41. Lost in Market |Mar 14, 2011 11:39:37 AM
Can we buy this at CMP 110 for target 200+ in 1-2 weeks. Pls advise. I missed Fineotex Chem :(
40. KK Natarajan |Mar 14, 2011 7:30:45 AM
IPO Mentor IPO Mentor (500+ Posts)
39, Ken Shah,
You should have put a stop loss which could have minimized your loss. It is always important in such kind of trades where we do not know what will happen.
39. Ken shah |Mar 13, 2011 2:59:48 PM
freinds i got loss in sudar .seeing movement of acropetal i tried short selling in sudar and got trapped.rs.13000 loss.however i had not tried this type of trade earlier.please friends dont try short selling in ipos.
38. KK Natarajan |Mar 12, 2011 6:34:14 AM
IPO Mentor IPO Mentor (500+ Posts)
39 SkDash,
I have faced the auction situation in some public sector IPOs for selling before the allotment in the past. In my case I was asked to pay the average price of the shares on the auction day. If that is the case the only thing that will decide how much you have to pay depends on the price movement of this script on the auction day.
37. baphna |Mar 11, 2011 4:35:09 PM
Thanks SkDash for explaining but it's sad :( I hope that now Sudar goes only down down and down..
36. SkDash |Mar 11, 2011 4:23:07 PM
IPO Mentor IPO Mentor (600+ Posts)
35-baphna- i also faced loss in both fcl as well as sudar. As far as my knowledge is concerned- the short share need to be delivered in T+2 days (15.2.2011) and there is no other option left behind. In case you buy shares monday (14.2.2011)-it will be delivered to you on T+2 days i.e.16.2.2011 but you have to give delivery on 15.2.2011 for yr short position. So it will be auctioned on 15.2.2011 at the highest price or 20% above the 14.2.2011's closing price w.e.higher.

Others can correct me-if I am wrong. U can approach yr broker if they can do something for you
35. baphna |Mar 11, 2011 3:43:03 PM
I had shortselled 400 shares at 98 and didn't bought at the end of the day?? Somebody please help and tell me what will happen how? It will go to auction? what is the procedure and what I can do now? Please help..
34. pakka hindustani |Mar 11, 2011 3:37:26 PM
Sudar & Finotex pure opeartor play. They are quoting almost doubled their issue price. Even Acopetal also had bumper jump. But retail investors must be away from all these small players, in applyng as you never know which one turns out to Omkar. Better to apply in safe bets like Lovable
33. KK Natarajan |Mar 11, 2011 9:21:44 AM
IPO Mentor IPO Mentor (500+ Posts)
Not a bad listing. Those who have applied enjoy!
32. SkDash |Mar 10, 2011 4:17:31 PM
IPO Mentor IPO Mentor (600+ Posts)
Sudar Garments-Forecase as per greymarket.in- 'punters are active- it may go into discount after listing'

company-poor fundamental
subscription-QIB-0.17times, NII-4.47times and RII-2.27times
Issue Price-77
GMP flat at 2-3 for 2-3 days

Lets see tomorrow
31. my my |Mar 8, 2011 11:24:25 AM
1066 SHARES ON 1K APP. GMP 3-3.5 MEANS 3200/- 2132 SHARES ON 2K APP. =6400/- ENJOY LISTING GAIN
30. Santosh. |Mar 6, 2011 10:39:49 PM
sudar may list on discount...please avoid it.....sell immediately on listing... dont buy.... enjoy listing
29. PcJain |Mar 2, 2011 11:45:01 AM
Dear
SBI Chairman Just announce that they will retain Rs 5500 cr from SBI Bond.
Which means retail investors will get firm allotment. Retail contribution Rs 4500 cr & others Rs 1000 cr Totalling to Rs 5500 cr. Enjoy...
28. Divyrajeshm |Mar 1, 2011 3:57:47 PM
sbi bond newssssss


(Reuters) - State Bank of India (SBI.BO), the country's largest lender, received subscriptions for 85.8 billion rupees ($1.9 billion) for a bond sale, or more than 8.5 times the minimum on offer, two sources with direct knowledge told Reuters on Tuesday.

The state-run bank aimed to raise 10 billion rupees, with a greenshoe option for an equal amount. However, the bank said in its prospectus it had the option to retain up to 100 billion rupees if subscriptions from retail investors were more.

The bank, which along with its associates controls about a quarter of all loans in India, is raising the money to meet its assets growth. Demand for loans in India expanded 23.9 percent on year as of Feb. 11.

Retail investors put in bids for 45.72 billion rupees, compared with the minimum 5 billion rupees offered, said the sources who could not be identified as they were not authorised to speak to media.

For rich, or high net worth, individuals, the subscription was 5.08 billion rupees and for qualified institutional buyers it was 35.01 billion rupees, compared with the minimum offer of 2.5 billion rupees each, they said.

"These are provisional figures as there are some more applications left," said one source.

The bank had offered 10-year bonds at 9.75 percent for retail investors, and 9.3 percent for non-retail applicants. The bonds carry a call option in the fifth year.

It also offered 15-year bonds at 9.95 percent to retail investors and 9.45 percent to non-retail investors. The bonds have call option in the tenth year.

State Bank's previous public bond issue in October, worth 5 billion rupees, was subscribed 20 times, with the bank retaining 10 billion rupees.
27. RAJESH AGARWAL |Feb 26, 2011 5:46:29 PM
WHAT IS GREY MARKET PRICE...........PLEASE SHARE IT.....
26. twtarjanwonder |Feb 25, 2011 5:12:46 PM
sudar ka grey market premium kya chal raha he
25. twtarjanwonder |Feb 25, 2011 5:12:19 PM
sudar retail me 2.27 times huva he to kya listing profit me hoga ki nahi please informe me
24. SkDash |Feb 25, 2011 9:40:10 AM
IPO Mentor IPO Mentor (600+ Posts)
whatever be the company, all r getting subscribed min 1 times- so no problem for the company. Lets launch an IPO as Chittorgarh Party Ltd-50 cr. Object of the issue- to make party at diff places and diff time for preferred members
23. RAJA RAJASTHANI |Feb 24, 2011 5:34:24 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Dear SJ, Sridhar, Gem and friends,

I applied in sbi bonds 2011 today.
I applied for 30 lots..

Are there any chances for allotment?
Kindly advice.
Whether these bonds will be traded like equity.
Where can we see subscription figure and allotment status.
With regards.
In addition to this I request Chittorgarh team to start one page on SBI BOND 2011…
For the period of keeping money in escrow a/c, will bank pay any interest on the application money?