Scotts Garments IPO Details

Issue Open Apr 25, 2013
Issue Close May 3, 2013
IPO Price ₹118 - ₹120
Face Value ₹10
IPO Size ₹123.98 - 126.08 Cr
Listing At BSE, NSE
IPO Lot Size 100
  1. Richard Caring: from the Ivy to Annabels

    Tue, 30 Mar 2021 17:00:00 GMT

    They rue the feud that forced founder Mark Birley to sell and question the credentials of a buyer "who made his first fortune in the garment industry ... Daphne's and Scotts), Caring has snapped ...

  2. Decibel Therapeutics Reports Fourth Quarter and Full Year 2020 Financial Results and Corporate Update

    Mon, 29 Mar 2021 13:08:00 GMT

    The closing of two upsized financings - our Series D and IPO - as well as an important partnership with Catalent focused on development and manufacturing of our lead gene therapy program for hearing ...

  3. PenFed Credit Union Raises POW/MIA Flags in Honor of Vietnam War Veterans and Service Members Missing and Unaccounted For

    Mon, 29 Mar 2021 13:08:00 GMT

    TYSONS, Va., March 29, 2021 /PRNewswire/ -- PenFed Credit Union, the nation's second largest federal credit union, today observed National Vietnam War Veterans Day by raising POW/MIA flags at ...

  4. TransAlta Corporation Files Management Proxy Circular and Announces Four New Director Nominees

    Mon, 29 Mar 2021 13:08:00 GMT

    CALGARY, AB, March 29, 2021 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today filed its notice of meeting (the "Notice") to holders of common shares ...

  5. Five Jeunesse Products Shortlisted in 2021 Pure Beauty Awards

    Mon, 29 Mar 2021 11:14:00 GMT

    Nearly 800 products from 42 countries were submitted for consideration by the Cosmetics Business editorial team. The complete list of finalists is featured in the March edition of Pure Beauty magazine ...

  6. Xenon Pharmaceuticals to Participate in the Stifel 3rd Annual CNS Day

    Mon, 29 Mar 2021 13:08:00 GMT

    BURNABY, British Columbia, March 29, 2021 (GLOBE NEWSWIRE) -- Xenon Pharmaceuticals Inc. (Nasdaq:XENE), a clinical stage biopharmaceutical company, today announced that the Company will participate in ...

  7. Kornit Digital Announces Filing and Availability of Its Annual Report on Form 20-F Through Its Website

    Mon, 29 Mar 2021 13:08:00 GMT

    Kornit Digital (NASDAQ:KRNT) develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries. Kornit delivers complete solutions, including ...

  8. Sinclair Broadcast Group Congratulates TSDSI and ATSC for Signing Standards Adoption Agreement

    Mon, 29 Mar 2021 12:47:00 GMT

    Sinclair Broadcast Group, Inc. ("Sinclair") (Nasdaq: SBGI) and ONE Media 3.0, LLC ("ONE Media") applaud the Telecom Standards Development Society, India (TSDSI) and the Advanced Television Systems ...

Scotts Garments IPO Alerts

1. Scotts Garments IPO cancelled due to poor investor demand  Friday, May 3, 2013 11:21:18 PM

Scotts Garments IPO cancelled due to poor response from their investors. Scotts Garments IPO has received bids for 28,17,200 shares as against issue size of 1,05,06,954 shares on the last day of the bidding for the IPO. The IPO was finally subscribed 0.27 times. The bidding for the IPO began on 25 April 2013 and closed today on 3rd May for subscription.

Scotts Garments had revised the IPO closing date and price band due to muted investor response. The revised price band of the company is Rs 118-120 per share from Rs 130-132 per share set earlier. Scotts Garments IPO closed on May 3rd and earlier decided to close the issue on 29 April 2013.

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.

2. Scotts Garments Ltd IPO - Close  Friday, May 3, 2013 12:00:00 AM

Scotts Garments Ltd is entering in the capital markets with an initial public offering, IPO of 10,506,954 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 130/- at lower level and Rs 132/- at upper level.

Scotts Garments Ltd is engaged in the business of garment manufacturing. In addition to manufacture superior quality garments, company also provide additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Best Seller, Gander Mountain, S.Oliver, C&A, Smith and Brooks, Metro International.

The issue opens on Apr 25, 2013 and closes for subscription on Apr 29, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

----------------------------------------------
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.

3. Scotts Garment IPO extended till 03.05.13 with reduction in offer price  Monday, April 29, 2013 10:34:01 AM

- By Dilip Davda

The first main line IPO of this fiscal which came with aggressive pricing and as it was cleared by SEBI a year before, it smoothly avoided the “Safety Net” tag and opened its issue on 25.04.13 in a hurried way before expiry of SEBI card limits.

Refer my previous analysis with a remark to buy at discount post listing, still stands valid, as despite muted response it reduced the price band to Rs. 118-120 which is still higher than the pre-IPO placement price and is also missing on “Safety Net”.

If one looks at subscription pattern, the issue got just 4200 shares bid on day one and it rose to 43500 no on day 2 i.e. 26.04.13. Due to Saturday and Sunday it was to close on Monday 29.04.13 and despite poor response, the merchant bankers and promoters announced closure of the IPO in pink financial and ultimately met disaster.

As per final tally as per BSE/NSE web, the issue got subscribed to the tune of 25% on Monday eve with QIB (36%), HNI (36%), Retail (6%) and Employees (12%). With such poor response, the merchant bankers and promoters have reduced the price band to Rs. 118-120 and is now extended till 03.05.13. But considering its 95% export earnings with over 76% coming from European countries that are facing crisis, it is not worth even at this reduced pricing in absence of “Safety Net”. It reported higher net with window dressing with one time profit from sale of investment just to boost its IPO pricing.

4. Scotts Garments Ltd IPO - Open  Thursday, April 25, 2013 12:00:00 AM

Scotts Garments Ltd is entering in the capital markets with an initial public offering, IPO of 10,506,954 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 130/- at lower level and Rs 132/- at upper level.

Scotts Garments Ltd is engaged in the business of garment manufacturing. In addition to manufacture superior quality garments, company also provide additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Best Seller, Gander Mountain, S.Oliver, C&A, Smith and Brooks, Metro International.

The issue opens on Apr 25, 2013 and closes for subscription on Apr 29, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

----------------------------------------------
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.

5. Upcoming IPO - Scotts Garments Ltd  Wednesday, April 17, 2013 2:43:47 AM

Scotts Garments Ltd is entering in the capital markets with an initial public offering, IPO of 10,506,954 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 130/- at lower level and Rs 132/- at upper level.

Scotts Garments Ltd is engaged in the business of garment manufacturing. In addition to manufacture superior quality garments, company also provide additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Best Seller, Gander Mountain, S.Oliver, C&A, Smith and Brooks, Metro International.

The issue opens on Apr 25, 2013 and closes for subscription on Apr 29, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Scotts Garments IPO News & Events FAQs

  1. 1. When Scotts Garments IPO expected date?

    The Scotts Garments IPO is proposed to open on Apr 25, 2013. The IPO application ends on May 3, 2013.

  2. 2. How to purchase Scotts Garments IPO?

    Retail investors can apply in the retail or non-institutional investor category from Apr 25, 2013 to May 3, 2013. The Scotts Garments IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).

  3. 3. When Scotts Garments IPO will come?

    The Scotts Garments IPO will open for subscription on Apr 25, 2013. The public issue will close on May 3, 2013.


Comments

   I Like It. | Report Abuse








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App