FREE Account Opening + No Clearing Fees

Sudar Garments Ltd IPO (Sudar IPO) Detail

February 21, 2011 - February 24, 2011

Sudar IPO is a book built issue of Rs 69.98 crores.

Sudar IPO bidding started from February 21, 2011 and ended on February 24, 2011. The shares got listed on BSE, NSE on March 11, 2011.

Sudar IPO price band is set at ₹72 to ₹77 per share. The minimum lot size for an application is 81 Shares. The minimum amount of investment required by retail investors is ₹6,237.

Ashika Capital Ltd is the book running lead manager of the Sudar IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Sudar IPO RHP for detailed information.

Sudar IPO Details

IPO Date February 21, 2011 to February 24, 2011
Listing Date March 11, 2011
Face Value ₹10 per share
Price Band ₹72 to ₹77 per share
Lot Size 81 Shares
Total Issue Size9,088,000 shares
(aggregating up to ₹69.98 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Sudar IPO Reservation

Sudar IPO offers 9,088,000 shares. 4,544,000 (50.00%) to QIB, 1,363,200 (15.00%) to NII, 3,180,800 (35.00%) to RII. 39,269 RIIs will receive minimum 81 shares and (sNII) and (bNII) will receive minimum 2,673 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,544,000 (50.00%)NA
NII (HNI) Shares Offered1,363,200 (15.00%)
Retail Shares Offered3,180,800 (35.00%)39,269
Total Shares Offered9,088,000 (100%)

Sudar IPO Lot Size

Investors can bid for a minimum of 81 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 81 ₹6,237
Retail (Max) 32 2592 ₹199,584
Lot Size Calculator

About Sudar Garments Ltd

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'.

Company Financials

ParticularsFor the year/period ended (in Rs. Lacs)
Total Income5260.265397.292089.93888.96863.28630.82
Profit After Tax (PAT)407.69411.2658.8127.5810.52(0.91)

Objects of the Issue (Sudar IPO Objectives)

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 Subscription Status (Bidding Detail)

The Sudar IPO is subscribed 1.55 times on February 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)

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 Prospectus

Sudar IPO Rating

Rating:Rated 2.9 stars
Vote Here ...

Sudar IPO Listing Details

Listing Date March 11, 2011
BSE Script Code 533332
ISIN INE384L01017
Final Issue Price ₹77 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Sudar Garments Ltd Contact Details

Sudar Garments Ltd
117, First Floor, Vardhaman Market,
Sector - 17 , Vashi,
Navi Mumbai - 400 703
Phone: 022 27800706/27880994

Sudar IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Sudar IPO - Buy or Not

Sudar IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

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 share. The minimum order quantity is 81 Shares.

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

Sudar IPO lot size is 81 Shares, and the minimum amount required is ₹6,237.

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, Nuvama, 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 March 11, 2011.
Open an Instant Account with Zerodha

Sudar IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



42. Ravi, Bangalore |   Link |  Bookmark |March 28, 2011 3:10:10 PM (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 |   Link |  Bookmark |March 14, 2011 10:39:37 AM
Can we buy this at CMP 110 for target 200+ in 1-2 weeks. Pls advise. I missed Fineotex Chem :(
40. KK Natarajan |   Link |  Bookmark |March 14, 2011 6:30:45 AM (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 |   Link |  Bookmark |March 13, 2011 1:59:48 PM
freinds i got loss in sudar .seeing movement of acropetal i tried short selling in sudar and got loss.however i had not tried this type of trade earlier.please friends dont try short selling in ipos.
38. KK Natarajan |   Link |  Bookmark |March 12, 2011 5:34:14 AM (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 |   Link |  Bookmark |March 11, 2011 3:35:09 PM
Thanks SkDash for explaining but it's sad :( I hope that now Sudar goes only down down and down..
36. SkDash |   Link |  Bookmark |March 11, 2011 3:23:07 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
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 |   Link |  Bookmark |March 11, 2011 2:43:03 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 |   Link |  Bookmark |March 11, 2011 2:37:26 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 |   Link |  Bookmark |March 11, 2011 8:21:44 AM (500+ Posts)
Not a bad listing. Those who have applied enjoy!
32. SkDash |   Link |  Bookmark |March 10, 2011 3:17:31 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Sudar Garments-Forecase as per '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 |   Link |  Bookmark |March 8, 2011 10:24:25 AM
30. Santosh. |   Link |  Bookmark |March 6, 2011 9:39:49 PM
sudar may list on discount...please avoid it.....sell immediately on listing... dont buy.... enjoy listing
29. PcJain |   Link |  Bookmark |March 2, 2011 10:45:01 AM
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 |   Link |  Bookmark |March 1, 2011 2:57:47 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 |   Link |  Bookmark |February 26, 2011 4:46:29 PM
26. twtarjanwonder |   Link |  Bookmark |February 25, 2011 4:12:46 PM
sudar ka grey market premium kya chal raha he
25. twtarjanwonder |   Link |  Bookmark |February 25, 2011 4:12:19 PM
sudar retail me 2.27 times huva he to kya listing profit me hoga ki nahi please informe me
24. SkDash |   Link |  Bookmark |February 25, 2011 8:40:10 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
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 |   Link |  Bookmark |February 24, 2011 4:34:24 PM
IPO Mentor IPO Mentor (600+ 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?