Bookbuilding IPO | ₹126 Cr | Listing at BSE, NSE | Thu, Apr 25, 2013 - Fri, May 3, 2013
Scotts Garments IPO is a book build issue of ₹126.08 crores. The issue is entirely a fresh issue of 1.05 crore shares of ₹126.08 crore.
Scotts Garments IPO bidding started from Apr 25, 2013 and ended on May 3, 2013.
Scotts Garments IPO is set issue price band at ₹118 to ₹120 per share. The lot size for an application is 100 shares. The minimum amount of investment required by an individual investor (retail) is ₹12,000 (100 shares) (based on upper price). The lot size investment for sNII is 17 lots (1,700 shares), amounting to ₹2,04,000, and for bNII, it is 84 lots (8,400 shares), amounting to ₹10,08,000.
Canara Bank is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Scotts Garments IPO RHP for detailed Information.
IPO Open
Thu, Apr 25, 2013
IPO Close
Fri, May 3, 2013
Price Band
₹118 to ₹120
Market Cap (Pre-IPO)
₹467.81 Cr
| IPO Date | 25 Apr to 3 May, 2013 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹118 to ₹120 |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,05,06,954 shares (agg. up to ₹126 Cr) |
| Fresh Issue | 1,05,06,954 shares (agg. up to ₹126 Cr) |
| Share Holding Pre Issue | 2,84,77,380 shares |
| Share Holding Post Issue | 3,89,84,334 shares |
Scotts Garments IPO comprises a total issue size of 1,05,06,954 shares. Out of which, 25,14,238 are allocated to QIB, 40,22,782 (40.00%) allocated to NII 35,19,934 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 25,14,238 | NA | |
| − QIB (Ex. Anchor) Shares Offered | 25,14,238 | NA | |
| NII (HNI) Shares Offered | 40,22,782 | 38.29% | NA |
| Retail Shares Offered | 35,19,934 | 33.50% | 35,199 |
| Total Shares Offered | 1,05,06,954 | 100.00% |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹12,000 |
| Retail (Max) | 16 | 1,600 | ₹1,92,000 |
| S-HNI (Min) | 17 | 1,700 | ₹2,04,000 |
| S-HNI (Max) | 83 | 8,300 | ₹9,96,000 |
| B-HNI (Min) | 84 | 8,400 | ₹10,08,000 |
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | For the purpose of onward lending | |
| 2 | For the purpose of investments in current and future AIF schemes of the alternate asset management business managed by our Subsidiary Prachay Investment Managers Private Limited, which investments will be used for investments in unlisted privately placed corporate bonds. | |
| 3 | For the purpose of repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | |
| 4 | General corporate purposes | |
| Total | 0.00 |
| KPI | |
|---|---|
| RoNW | 36.88% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 71.43% | 52.18% |
| Market Cap | ₹467.81 Cr. |
The Scotts Garments IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
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.
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.
Lead Manager Reports
Scotts Garments IPO is a main-board IPO of 1,05,06,954 equity shares of the face value of ₹10 aggregating up to ₹126 Crores. The issue is priced at ₹118 to ₹120. The minimum order quantity is 100.
The IPO opens on Thu, Apr 25, 2013, and closes on Fri, May 3, 2013.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Scotts Garments IPO using UPI as a payment gateway. Zerodha customers can apply in Scotts Garments IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Scotts Garments IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Scotts Garments IPO opens on Thu, Apr 25, 2013 and closes on Fri, May 3, 2013.
Scotts Garments IPO lot size is 100, and the minimum amount required for application is ₹12,000.
You can apply in Scotts Garments IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 listing is .
