S.P.Apparels Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,461,160 (50%) | — | ₹11,956 Cr |
| NII (HNI) | — | 1,338,370 (15%) | — | ₹3,587 Cr |
| Retail | — | 3,122,845 (35%) | — | ₹8,369 Cr |
| Σ Total | — | 8,922,375 (100%) | — | ₹239,120 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,740 |
| Retail (Max) | 13 | 715 | ₹191,620 |
| S-HNI (Min) | 14 | 770 | ₹206,360 |
| B-HNI (Min) | 67 | 3,685 | ₹987,580 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue | 542 | 482 | 453 |
| Profit After Tax | 37 | 11 | 7 |
| Total Assets | 578 | 530 | 537 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment or prepayment of debt incurred by the Company – 63.00
- 2 Expansion and modernization of the manufacturing facility at Valapady, Salem, Tamil Nadu – 70.16
- 3 Opening of new stores for the sale of ‘Crocodile’ brand products – 27.85
- 4 Addition of balancing machineries for the existing dyeing unit at SIPCOT, Perundurai – 4.91
- 5 General corporate purposes – 35.61
Company Overview
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.