Bookbuilding IPO | ₹239 Cr | Listed at BSE, NSE | Tue, Aug 2, 2016 - Thu, Aug 4, 2016
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 per share. The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,740 (55 shares) (based on upper price). 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 Open
Tue, Aug 2, 2016
IPO Close
Thu, Aug 4, 2016
Issue Price
₹268 per share
Market Cap (Pre-IPO)
₹698.61 Cr
| IPO Date | 2 to 4 Aug, 2016 |
| Listed on | Fri, Aug 12, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹258 to ₹268 |
| Issue Price | ₹268 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 89,22,388 shares (agg. up to ₹239 Cr) |
| Fresh Issue | 80,22,388 shares (agg. up to ₹215 Cr) |
| Offer for Sale | 9,00,000 shares of ₹10 (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 1,71,45,212 shares |
| Share Holding Post Issue | 2,60,67,600 shares |
| BSE Script Code / NSE Symbol | 540048 / SPAL |
| ISIN | INE212I01016 |
S.P.Apparels IPO comprises a total issue size of 89,22,375 shares. Out of which, 44,61,160 (50.00%) are allocated to QIB, 13,38,370 (15.00%) allocated to NII 31,22,845 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 55 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The S P Apparels IPO is subscribed 2.66 times on August 4, 2016 6:30:00 PM (Day 3). The public issue subscribed 1.9 times in the retail category, 2.21 times in the QIB category, and 5.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.21 | 19,39,905 | |
| NII | 5.1 | 13,85,010 | |
| Retail | 1.9 | 32,31,690 | |
| Total | 2.66 | 65,56,605 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLMs | 7.65 |
| 2 | Selling commission and processing fees for SCSBs | 0.16 |
| 3 | Selling commission and processing/uploading charges for Members of the Syndicate, RTAs and CDPs | 0.41 |
| 4 | Processing/uploading charges for Registered Brokers | 0.00 |
| 5 | Fees payable to Registrar to the Offer | 0.00 |
| 6 | Printing and stationary expenses | 1.03 |
| 7 | Advertising and marketing expenses | 2.44 |
| 8 | Listing fees | 0.05 |
| 9 | SEBI, BSE and NSE processing fees | 0.85 |
| 10 | Fees payable to Legal Counsel | 1.00 |
| 11 | Miscellaneous | 1.38 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹268.00 | ₹268.00 |
| Open | ₹305.00 | ₹275.00 |
| Low | ₹289.75 | ₹275.00 |
| High | ₹305.00 | ₹288.75 |
| Last Trade | ₹295.00 | ₹288.75 |
Lead Manager Reports
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 Crores. The issue is priced at ₹268 per share. The minimum order quantity is 55.
The IPO opens on Tue, Aug 2, 2016, and closes on Thu, Aug 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 Tue, Aug 2, 2016 and closes on Thu, Aug 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 Fri, Aug 12, 2016.
