SP Apparels IPO Allotment Status, Listing Date – Check here

sp apparels limited ipo

SP Apparels IPO Allotment status is available now. You may check the same at the link given below on the registrar website. Also find the subscription figures and listing date.

SP Apparels IPO will be hitting the capital markets on Aug 02, 2016. This article covers its price band, issue size, important dates etc. Also you will find the allotment status and listing date as and when available. The company has filed its Red Herring Prospectus (RHP) draft for initial public offering (IPO) with markets regulator Securities and Exchange Board of India (SEBI).

Company Profile:-  S.P. Apparels  limited  is incorporated on November 18, 2005 at Avinashi, Tamil Nadu in India. The firm is a leading manufacturer and exporter of knitted garments for infants and children in India.  It is also engaged  to manufacture and retail menswear garments in India under the brand ‘Crocodile’ pursuant to a sub-license granted to us by one of our Subsidiaries, CPPL. It is considering the launch of products in the women’s essential wear category under the ‘Natalia’ brand owned by the Company, subject to compliance with applicable law.

The company consists of two main division as below:-

1) Garments division (for manufacture and export of knitted garments for infants and children).

2) Retail division (for manufacture, distribution and marketing of products in India under the brand name ‘Crocodile’).

The firm has two Subsidiaries Crocodile Products Private Limited (“CPPL”) and S.P. Apparels (UK) (P) Limited (“SPUK”). CPPL, which is a joint venture between the Company and SP Apparels ipoCrocodile International Pte. Ltd. (“CIPL”), is engaged in the business of, inter alia, establishing and managing units to manufacture, trade, deal, import and export garments and has entered into a technology license agreement with CIPL for the exclusive manufacture, distribution and marketing of menswear products under the trademark ‘Crocodile’ in India.

It operates 21 manufacturing facilities in and around the region of Avinashi in Tamil Nadu. The firm has 4,874 sewing machines, eight cutting machines, 79 embroidery machines, 17 printing machines, 16,896 spindles and 22 dyeing machines.

Outlook of the company:- SP Apparels IPO

1) A key customer base with reputed international brands

2) One of the leading manufacturers for export of knitted garments for infants and children in India.

3) Its ability to set-up units that are integrated with its operations allows it to scale-up its operations.

4) Benefit from its specialization in the manufacture of garments for infants and children

5) Strong in-house design, testing, fitment and quality inspection facilities

6) An experienced management team led by its Promoters and key management personnel.

Purpose of the issue:- The proceeds from the fresh issue will be utilised towards repayment or prepayment of debt incurred by the Company, expansion and modernization of their manufacturing facility at Valapady, Salem, Tamil Nadu, addition of balancing machineries for their existing dyeing unit at SIPCOT, Perundurai, Opening of new stores for the sale of ‘Crocodile’ products, General corporate purposes.

Summary Of SP Apparels IPO

Issue Open:- August 2, 2016 – Aug 4, 2016
Issue Type 100% Book Built Issue IPO
Issue Size (Shares) 900,000 Equity Shares of Rs. 10
Issue Size in (Value) Rs. [ 215]Crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [258] – Rs. [268] Per Equity Share
Market lots [55]Shares
Minimum Order Quantity [55]Shares
Listing At BSE, NSE

Promoters Of the Company:-

1) Mr. P. Sundararajan

2) Mrs. S. Latha

Financials:-

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Liabilities 5612.28 5197.08 5252.72 5305.45 5393.29
Total Assets 5612.28 5197.08 5252.72 5305.45 5393.29
Total Revenue 5377.54 4792.33 4520.73 4288.91 4016.17
Total Expenses 4982.90 4548.08 4402.01 4247.52 3970.32
Profit After Tax (PAT) 347.14 100.48 66.67 23.64 97.07

SP Apparel Receives 2.66 Times Subscription

SP Apparel is one of the biggest knitwear exporters in Tirupur. Recent launched IPO of SP Apparel is offering 65.57 lakh shares in the market. The IPO is subscribed by 2.66 times on the closing day. The subscription of retail segment stood at 1.89 times on both of the Exchange i.e. the National Stock Exchange (NSE) and the Bombay  Stock Exchange .(NSE).  The retails investors got bids for near 18.22 lakh shares on NSE while on BSE, it is subscribed by 43 lakh shares. The retails segment was subscribed by 1.33 times on the BSE. SP Apparel offered about 32.34 lakh shares for retail investors and got bids for 61.2 lakh shares.

On the other hand, the subscription of the Qualified Institutional Buyers (QIB) is recorded at 2.21 times on a cumulative basis. The company offered about 19.4 lakh shares to the segment of QIB and got bids for about 30.17 lakh shares on  BSE and 12.66 lakh shares on the NSE. The company received the subscription about 5.1 times of the non institutional investors segment (a combination of corporate and high net worth individuals (HNIs))

The company has fixed a price band  of Rs. 258-268 per shares for its IPO. The purpose of the company is to raise Rs. 215 crore from the issue at the upper end of the price band. The IPO opened as on August 2,2016 and closed as on August 4,2016.

SP Apparels IPO Allotment Status

SP Apparels IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the below given link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps

  1. Click on the given link to check Allotment Status here.
  2. Go to Application status
  3. Select IPO as SP Apparels
  4. Enter you PAN Number or Application Id or DP Client Id

It takes little time to fetch information so you need to be little patient.

SP Apparels IPO Listing Date

The listing date is expected to be Aug 2016. Please keep checking this space.

Lead Manager Details:-

1) Motilal Oswal Investment Advisors Private Limited

Motilal Oswal Tower, Rahimtullah Sayani Road

Opposite Parel ST Depot, Prabhadevi

 Mumbai- 400 025, Maharashtra, India

Tel: +91 22 3980 4200   Fax: +91 22 3980 4315

E-mail: spapparels.ipo@motilaloswal.com

Investor Grievance E-mail: moiaplredressal@motilaloswal.com

Website: http://www.motilaloswalgroup.com

Contact person: Subodh Mallya

SEBI Registration No.: INM000011005

CIN: U67190MH2006PTC160583

 

2) Centrum Capital Limited Centrum House,

CST Road, Vidyanagari Marg Kalina, Santacruz (East)

Mumbai 400 098, Maharashtra, India

Tel: +91 22 4215 9000   Fax: +91 22 4215 9444

E-mail: spapparels.ipo@centrum.co.in

Investor Grievance E-mail: igmbd@centrum.co.in

Website: http://www.centrum.co.in

Contact person: Aanchal Wagle

SEBI Registration No.: INM000010445

CIN: L65990MH1977PLC019986

 

Registrar Of The Company

Link Intime India Private Limited

C-13, Pannalal Silk Mills Compound L.B.S. Marg, Bhandup West

Mumbai 400 078 Maharashtra, India

Tel: +91 22 6171 5400   Fax: + 91 22 2596 0329

E-mail: spal.ipo@linkintime.co.in

Website: www.linkintime.co.in

Investor Grievance E-mail: spal.ipo@linkintime.co.in

Contact person: Shanti Gopalkrishnan

SEBI Registration No.: INR000004058

 

Registered Office:

39-A, Extension Street, Kaikattipudur

Avinashi 641 654, Tirupur District,

Tamil Nadu, India

Tel: +91 4296 304000;   Fax: +91 4296 304280

Contact Person: Ms. K. Vinodhini, Company Secretary and Compliance Officer;

E-mail: csoffice@s-p-apparels.com;

Website: http://www.spapparels.com

Corporate Identity Number: U18101TZ2005PLC012295

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