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Scotts Garments IPO is a book build issue .
Scotts Garments IPO bidding started from Apr 25, 2013 and ended on May 3, 2013.
Scotts Garments IPO price band is set at ₹118.00 to ₹120.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹11,800 (100 shares). The lot size investment for sNII is 17 lots (1,700 shares), amounting to ₹2,04,000, and for bNII, it is 84 lots (8,400 shares), amounting to ₹10,08,000.
Canara Bank is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Scotts Garments IPO RHP for detailed Information.
| IPO Date | April 25, 2013 to May 3, 2013 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹118 to ₹120 per share |
| Lot Size | 100 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,84,77,380 shares |
| Share Holding Post Issue | 3,89,84,334 shares |
Scotts Garments IPO offers 10,506,954 shares. 2,514,238 (23.93%) to QIB, 4,022,782 (38.29%) to NII, 3,519,934 (33.50%) to RII, 450,000 (4.28%) to employees. 35,199 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 1,700 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,514,238 (23.93%) | NA |
| NII (HNI) Shares Offered | 4,022,782 (38.29%) | |
| Retail Shares Offered | 3,519,934 (33.50%) | 35,199 |
| Employee Shares Offered | 450,000 (4.28%) | NA |
| Total Shares Offered | 10,506,954 (100%) |
Scotts Garments IPO opens on April 25, 2013, and closes on May 3, 2013.
| IPO Open Date | Thu, Apr 25, 2013 |
| IPO Close Date | Fri, May 3, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 3, 2013 |
Investors can bid for a minimum of 100 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 | 100 | ₹12,000 |
| Retail (Max) | 16 | 1,600 | ₹1,92,000 |
| S-HNI (Min) | 17 | 1,700 | ₹2,04,000 |
| S-HNI (Max) | 83 | 8,300 | ₹9,96,000 |
| B-HNI (Min) | 84 | 8,400 | ₹10,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1992, Scotts Garments Ltd is engaged in the business of garment manufacturing. In addition to manufacture superior quality garments, company also provides additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Gander Mountain – USA, S Oliver, Frankfurt, C&A buying, Germany etc.
Scotts Garments specialize in tailor made products for men, women and kids. Products manufactured by the Company includes Shirts (Cotton, Denim), Tops, Skirts, Trouser (Cotton, Denim), Shorts, Cargos, Knitted Garments, T-Shirts (Basic and Embroidered), Sweats and Jerseys. They export their quality products to several MNC’s into more than 20 countries across the Globe. They have set up an exclusive display showroom at Apparel Export Promotion Council in Gurgaon.
The company has set up a 2.1 M.W capacity windmill at Bellary, Karnataka. The company has entered into Wheeling and Banking agreement with Gulbarga Electricity Supply Company Limited for the sale of the power generated through the wind mill. The company has also signed a Wheeling and Banking agreement with Tamil Nadu electricity board for the sale of power through wind mill at Tirunelveli district, Tamil Nadu.
Company's main suppliers of raw materials are Arthanari Loom Centre (Textile) Pvt. Ltd, Bombay Rayon Fashions Ltd, Shamlal Company (India) Pvt. Ltd, KG Denim Ltd, Arvind Ltd, Alok Industries Ltd and Nahar Industrial Enterprises Ltd.
| KPI | Values |
|---|---|
| RoNW | 36.88% |
The Company Scotts Garments 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 | Land & Site Development | 13.16 |
| 2 | Building and Civil Works | 72.86 |
| 3 | Machineries and Equipments | 172.04 |
| 4 | Miscellaneous Fixed Assets | 26.13 |
| 5 | Preliminary and pre Operative Expenses | 12.90 |
| 6 | Provisions for Contingencies | 11.69 |
| 7 | Margin Money for Working Capital | 11.17 |
| 8 | Issue Expenses | |
| 9 | General Corporate Purpose |
[Dilip Davda] <p><strong>Although garment industry is poised for bright prospects ahead as per recent budget, considering listing in "T "group for initial period, it is better to buy at discount post listing.</strong></p> Read detail review...
CARE has assigned a IPO Grade 3/5 to the IPO of Scotts Garments Limited. This grade indicates that the fundamentals of the Scotts Garments IPO are 'average' relative to the other listed equity securities in India. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.
Book Running Lead Manager to the issue has informed the Exchange that the Scotts Garments Limited issue will close on 3 May, 2013 instead of the earlier closing day on 29 Apr, 2013.Post issue modification date has been revised to 4 May, 2013.
Further price band has revised from 130/- to Rs. 132/- To Rs. 118/- to Rs. 120/- per share.
Scotts Garments Ltd.
481-B Peenya Industrial Area,
Peenya IV Phase,
Bangalore - 560058, Karnataka
Bangalore Urban, Karnataka
Phone: 91-080-41179001/41179002
Email: cs@scottsgarments.com
Website: http://www.scottsgarments.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mbd@keynoteindia.net
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Scotts Garments IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is 100.
The IPO opens on April 25, 2013, and closes on May 3, 2013.
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 Scotts Garments IPO using UPI as a payment gateway. Zerodha customers can apply in Scotts Garments IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Scotts Garments IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Scotts Garments IPO opens on April 25, 2013 and closes on May 3, 2013.
Scotts Garments IPO lot size is 100, and the minimum amount required for application is ₹12,000.
You can apply in Scotts Garments 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 Scotts Garments IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Scotts Garments IPO allotment status.
The Scotts Garments IPO listing date is not yet announced. The tentative date of Scotts Garments IPO listing is [.].
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