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S.P.Apparels IPO is a book build issue of ₹239.12 crores. The issue is a combination of fresh issue of 0.80 crore shares aggregating to ₹215.00 crores and offer for sale of 0.09 crore shares aggregating to ₹24.12 crores.
S.P.Apparels IPO bidding started from Aug 2, 2016 and ended on Aug 4, 2016. The shares got listed on BSE, NSE on Aug 12, 2016.
S.P.Apparels IPO price band is set at ₹268.00 per share . The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,190 (55 shares). The lot size investment for sNII is 14 lots (770 shares), amounting to ₹2,06,360, and for bNII, it is 68 lots (3,740 shares), amounting to ₹10,02,320.
Centrum Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to S.P.Apparels IPO RHP for detailed Information.
| IPO Date | August 2, 2016 to August 4, 2016 |
| Listing Date | August 12, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹258 to ₹268 per share |
| Issue Price Final | ₹268 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 89,22,388 shares (aggregating up to ₹239.12 Cr) |
| Fresh Issue | 80,22,388 shares (aggregating up to ₹215.00 Cr) |
| Offer for Sale | 9,00,000 shares of ₹10 (aggregating up to ₹24.12 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,71,45,212 shares |
| Share Holding Post Issue | 2,60,67,600 shares |
S P Apparels IPO offers total 89,22,375 shares. Out of which 44,61,160 (50.00%) allocated to QIB, 17,84,475 (20.00%) allocated to QIB, 13,38,370 (15.00%) allocated to NII, 31,22,845 (35.00%) allocated to RII and 26,76,685 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 44,61,160 (50.00%) | NA |
| − Anchor Investor Shares Offered | 26,76,685 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 17,84,475 (20.00%) | NA |
| NII (HNI) Shares Offered | 13,38,370 (15.00%) | NA |
| Retail Shares Offered | 31,22,845 (35.00%) | 56,779 |
| Total Shares Offered | 89,22,375 (100.00%) |
S.P.Apparels IPO opens on August 2, 2016, and closes on August 4, 2016.
| IPO Open Date | Tue, Aug 2, 2016 |
| IPO Close Date | Thu, Aug 4, 2016 |
| Tentative Listing Date | Fri, Aug 12, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 4, 2016 |
Investors can bid for a minimum of 55 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,740 |
| Retail (Max) | 13 | 715 | ₹1,91,620 |
| S-HNI (Min) | 14 | 770 | ₹2,06,360 |
| S-HNI (Max) | 67 | 3,685 | ₹9,87,580 |
| B-HNI (Min) | 68 | 3,740 | ₹10,02,320 |
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. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 5,780.43 |
5,304.11 |
5,370.35 |
5,402.47 |
5,505.56 |
| Total Revenue |
5,417.43 |
4,824.71 |
4,533.30 |
4,300.49 |
4,025.16 |
| Profit After Tax (PAT) | 373.58 |
109.17 |
71.51 |
31.41 |
118.32 |
The Company S.P.Apparels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] BRLMs’ have poor track record. However, considering the sops for the segment in which the company is engaged and has shown improved performances for past four fiscals, cash surplus investors may consider for medium to long term investment in this issue. Read detail review...
| Listing Date | August 12, 2016 |
| BSE Script Code | 540048 |
| NSE Symbol | SPAL |
| ISIN | INE212I01016 |
| Final Issue Price | ₹268 per share |
| BSE Listing Group | T |
S.P.Apparels Ltd.
39-A, Extension Street,
Kaikattipudur Avinashi 641 654,
Tirupur
Avinashi, Tamil Nadu
Phone: +91 4296 304000
Email: csoffice@s-p-apparels.com
Website: http://www.spapparels.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: spal.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
S.P.Apparels IPO is a main-board IPO of 89,22,388 equity shares of the face value of ₹10 aggregating up to ₹239.12 Crores. The issue is priced at ₹268 per share. The minimum order quantity is 55.
The IPO opens on August 2, 2016, and closes on August 4, 2016.
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 S.P.Apparels IPO using UPI as a payment gateway. Zerodha customers can apply in S.P.Apparels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S.P.Apparels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S.P.Apparels IPO opens on August 2, 2016 and closes on August 4, 2016.
S.P.Apparels IPO lot size is 55, and the minimum amount required for application is ₹14,740.
You can apply in S.P.Apparels 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 S.P.Apparels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the S.P.Apparels IPO allotment status.
The S.P.Apparels IPO listing date is on Friday, August 12, 2016.
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