Bookbuilding IPO | ₹70 Cr | Listed at BSE, NSE | Mon, Feb 21, 2011 - Thu, Feb 24, 2011
Sudar Garments IPO is a book build issue of ₹69.98 crores. The issue is entirely a fresh issue of 0.91 crore shares of ₹69.98 crore.
Sudar Garments IPO bidding started from Feb 21, 2011 and ended on Feb 24, 2011. The shares got listed on BSE, NSE on Mar 11, 2011.
Sudar Garments IPO price band is set at ₹77 per share. The lot size for an application is 81. The minimum amount of investment required by an retail is ₹6,237 (81 shares) (based on upper price). The lot size investment for sNII is 33 lots (2,673 shares), amounting to ₹2,05,821, and for bNII, it is 161 lots (13,041 shares), amounting to ₹10,04,157.
Ashika Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sudar Garments IPO RHP for detailed Information.
IPO Open
Mon, Feb 21, 2011
IPO Close
Thu, Feb 24, 2011
Issue Price
₹77 per share
Market Cap (Pre-IPO)
₹14.28 Cr
| IPO Date | 21 to 24 Feb, 2011 |
| Listed on | Fri, Mar 11, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹77 |
| Issue Price | ₹77 per share |
| Lot Size | 81 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 90,88,000 shares (agg. up to ₹70 Cr) |
| Fresh Issue | 90,88,000 shares (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 94,58,975 shares |
| Share Holding Post Issue | 18,54,697 shares |
| BSE Script Code / NSE Symbol | 533332 / SUDAR |
| ISIN | INE384L01017 |
Sudar Garments IPO comprises a total issue size of 90,88,000 shares. Out of which, 45,44,000 (50.00%) are allocated to QIB, 13,63,200 (15.00%) allocated to NII 31,80,800 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 45,44,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 13,63,200 | 15.00% | NA |
| Retail Shares Offered | 31,80,800 | 35.00% | 39,269 |
| Total Shares Offered | 90,88,000 | 100.00% |
Investors can bid for a minimum of 81 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 81 | ₹6,237 |
| Retail (Max) | 32 | 2,592 | ₹1,99,584 |
| S-HNI (Min) | 33 | 2,673 | ₹2,05,821 |
| S-HNI (Max) | 160 | 12,960 | ₹9,97,920 |
| B-HNI (Min) | 161 | 13,041 | ₹10,04,157 |
Incorporated in 2002, Sudar Garments Limited is a leading manufacturer and exporter for readymade garments specialized in elegant Shirts, Trousers and wide range of apparel for Men, Women & Kids.
Sudar Garments has its own manufacturing setup at Khalapur Taluka, Raigad District, Maharashtra with a built-up area of about, 29,626.30 Sq. Mtr. having a combined capacity of producing 1,66,667 pieces of shirts, dress, pants, tops, skirts, and denims per month. The company is presently manufacture under its own brand name “Glory to Glory” and will be launching shortly two more brands namely 'St. Paul' and 'Majesty'.
| 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 | Expansion of the existing apparel manufacturing unit | 26.29 |
| 2 | Meeting Working Capital Requirement | 27.30 |
| 3 | Setting up Retail Outlets and Brand Building | 5.90 |
| 4 | Meeting General Corporate Expenses | 9.12 |
| 5 | Meeting the Issue Expenses | 6.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.09% | 45.94% |
| Market Cap | ₹14.28 Cr. |
The Sudar IPO is subscribed 1.55 times on February 24, 2011 5:00:00 PM (Day 4). The public issue subscribed 2.27 times in the retail category, 0.17 times in the QIB category, and 4.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.17 | 45,44,000 | |
| NII | 4.47 | 13,63,200 | |
| Retail | 2.27 | 31,80,800 | |
| Total | 1.55 | 90,88,000 |
CRISIL has assigned an IPO Grade 1 to Sudar Garments Ltd IPO. This means as per CRISIL, company has 'Poor Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Sudar Garments Ltd.
Sudar Garments Ltd IPO, Sudar Garments IPO,Sudar Garments IPO Bidding, Sudar Garments IPO Allotment Status, Sudar Garments IPO drhp and Sudar Garments IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of BRLM/Syndicate Member(s) / Registrar / Legal Advisor | 1.25 |
| 2 | Underwriting commission, brokerage & selling expense | 1.61 |
| 3 | IPO Grading fees, Advertising & marketing expenses, printing & stationery, distribution, postage etc. | 2.67 |
| 4 | Filing fees of SEBI & Stock Exchanges fees including processing and bidding terminals fees | 0.25 |
| 5 | SCSB’s commission | 0.28 |
| 6 | Other expenses (Auditors fees, Research report etc.) | 0.10 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹77.00 | ₹77.00 |
| Open | ₹74.00 | ₹80.05 |
| Low | ₹74.00 | ₹80.05 |
| High | ₹117.70 | ₹117.35 |
| Last Trade | ₹113.10 | ₹113.10 |
Lead Manager Reports
Sudar Garments IPO is a main-board IPO of 90,88,000 equity shares of the face value of ₹10 aggregating up to ₹70 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 81.
The IPO opens on Mon, Feb 21, 2011, and closes on Thu, Feb 24, 2011.
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 Sudar Garments IPO using UPI as a payment gateway. Zerodha customers can apply in Sudar Garments IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sudar Garments IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sudar Garments IPO opens on Mon, Feb 21, 2011 and closes on Thu, Feb 24, 2011.
Sudar Garments IPO lot size is 81, and the minimum amount required for application is ₹6,237.
You can apply in Sudar 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 Sudar Garments IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sudar Garments IPO allotment status.
The Sudar Garments IPO listing date is on Fri, Mar 11, 2011.
