Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Tue, Aug 29, 2023 - Thu, Aug 31, 2023
C P S Shapers IPO is a fixed price issue of ₹11.10 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹11.10 crore.
C P S Shapers IPO bidding started from Aug 29, 2023 and ended on Aug 31, 2023. The allotment for C P S Shapers IPO was finalized on Sep 5, 2023. The shares got listed on NSE SME on Sep 7, 2023.
C P S Shapers IPO price is ₹185 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,22,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to C P S Shapers IPO RHP for detailed Information.
IPO Open
Tue, Aug 29, 2023
IPO Close
Thu, Aug 31, 2023
Issue Price
₹185 per share
Market Cap (Pre-IPO)
₹38.85 Cr
| IPO Date | 29 to 31 Aug, 2023 |
| Listed on | Thu, Sep 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹185 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 6,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 31,200 shares Shreni Shares Ltd. (agg. up to ₹0.5772 Cr) |
| Fresh Issue (Ex Market Maker) | 5,68,800 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 5,68,800 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 15,00,000 shares |
| Share Holding Post Issue | 21,00,000 shares |
| NSE Symbol | CPS |
| ISIN | INE0QBU01012 |
C P S Shapers IPO comprises a total issue size of 6,00,000 shares. The net offer to the public is 5,68,800 shares, after excluding 31,200 shares allotted on a firm basis. Of the Net offer 2,84,400 (50.00%) allocated to NII 2,84,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,84,400 | 50.00% | 47.40% |
| Retail Shares Offered | 2,84,400 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 31,200 | 5.20% | |
| Total Shares Offered | 6,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,11,000 |
| Retail (Max) | 1 | 600 | ₹1,11,000 |
| HNI (Min) | 2 | 1,200 | ₹2,22,000 |
Incorporated in 2012, C P S Shapers Limited is engaged in the business of manufacturing Shapewear for Men and Women.
The company manufactures and sells Shapewear for Men and Women through its brands -Dermawear with the motto Shape up with Confidence and YDIS (Your Dress Is Shapewear), through both, online and offline channels.
C P S Shapers' product portfolio includes Saree Shapewear, Mini Shaper, Sports Bra, All Mini corsets, Tummy Reducer, All Zenrik, Slimmer, Active Pants, Denim, Mask, and other shapewear. It has a PAN India presence with a distributor network in 28 states and 8 Union territories for its domestic market. It also exports to 5 countries namely Canada, Germany, Australia, United Kingdom, United States of America.
The company's manufacturing unit is located in Meerut, Uttar Pradesh, and its warehousing facilities are in Palghar, Maharashtra, and Tiruppur, Tamil Nadu.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 17.51 | 12.75 | 11.02 |
| Total Income | 36.96 | 26.69 | 14.42 |
| Profit After Tax | 2.46 | 1.57 | 0.38 |
| NET Worth | 1.75 | -0.71 | -2.28 |
| Reserves and Surplus | 1.25 | -1.21 | -2.78 |
| Total Borrowing | 10.44 | 9.36 | 9.48 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Plant and Machinery at our existing manufacturing facility | 1.79 |
| 2 | Purchase of Commercial Vehicle | 0.10 |
| 3 | Funding of capital expenditure requirements of our Company towards purchase of Solar Power System | 0.21 |
| 4 | Upgradation of existing IT Software at our existing manufacturing facility and registered office | 0.18 |
| 5 | Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions | 1.67 |
| 6 | Funding Working Capital Requirements of the Company | 4.06 |
| 7 | General corporate purposes# | 1.82 |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 473 |
| ROCE | 28 |
| Debt/Equity | 5.96 |
| RoNW | 140.53 |
| PAT Margin | 6.68% |
| EBITDA Margin | 13.37% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 16.41 | |
| P/E (x) | 11.28 | 15.78 |
| Promoter Holding | 99.80% | |
| Market Cap | ₹38.85 Cr. |
The C P S Shapers IPO is subscribed 253.97 times on August 31, 2023 7:29:00 PM (Day 3). The public issue subscribed 301.03 times in the retail category, [.] times in the QIB category, and 198.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 198.17 | 2,84,400 | 5,63,59,200 |
| Retail | 301.03 | 2,84,400 | 8,56,12,800 |
| Total | 253.97 | 5,68,800 | 14,44,58,400 |
Total Application : 1,42,688
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.64 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.39 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationary | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹185.00 |
| Open | ₹450.00 |
| Low | ₹427.50 |
| High | ₹472.50 |
| Last Trade | ₹472.50 |
Lead Manager Reports
C P S Shapers IPO is a SME IPO of 6,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹185 per share. The minimum order quantity is 600.
The IPO opens on Tue, Aug 29, 2023, and closes on Thu, Aug 31, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in C P S Shapers IPO using UPI as a payment gateway. Zerodha customers can apply in C P S Shapers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in C P S Shapers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The C P S Shapers IPO opens on Tue, Aug 29, 2023 and closes on Thu, Aug 31, 2023.
C P S Shapers IPO lot size is 600, and the minimum amount required for application is ₹1,11,000.
You can apply in C P S Shapers 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 C P S Shapers IPO will be done on Tuesday, September 5, 2023, and the allotted shares will be credited to your demat account by Thu, Sep 7, 2023. Check the C P S Shapers IPO allotment status.
The C P S Shapers IPO listing date is on Thu, Sep 7, 2023.
