Issue Price
₹268
Per Share
GMP
NIL
Grey Market
Est. Listing
₹268
Expected Price
Min. Application
₹29,480
2 lots × 55 shares
Incorporated in 1989, S P Apparels is engaged in manufactures and sells knitted garments for infants and children in India. Company's product range includes body suits, sleep suits, tops, and bottoms. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.They also manufacture a broad range of menswear garments consisting of shirts, polo shirts, tshirts, trousers, jeans, sweaters, jackets and men's innerwear consisting of vests, briefs, boxer shorts and socks under the brand 'Crocodile' which is subsidiaries through an agreement with Crocodile International Pte Limited, Singapore. They mainly export their products to United Kingdom. During FY16, the company exported approximately 35.98 million pieces of knitted garments for infants and children directly to its international customers, including TESCO and Primark.SP Apparels operates 21 manufacturing facilities in and around the region of Avinashi in Tamil Nadu. Company has 4,874 sewing machines, eight cutting machines, 79 embroidery machines, 17 printing machines, 16,896 spindles and 22 dyeing machines.
S.P.Apparels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 8,922,375 | 100.00% | ₹239.12 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,740 |
| Retail (Max) | 13 | 715 | ₹191,620 |
| sNII (Min) | 14 | 770 | ₹206,360 |
| bNII (Min) | 68 | 3,740 | ₹1,002,320 |
| Particulars | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue from Operations | 541.74 | 482.47 | 453.33 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 37.36 | 10.92 | 7.15 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 578.04 | 530.41 | 537.04 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |