IPO Issue S.P. Apparels Ltd – Aug 2016
S. P. Apparels Ltd is coming up with a further Public Offer (IPO) of its shares between 2 Aug 2016 to 4 Aug 2016. Fresh Issue of shares aggregating upto Rs. 215 Crores and offer for sale of 1,02,27,273 Equity Shares (223.98 Crores).
The price band of issue is Rs. 258 to Rs. 268.
The minimum application size and bid lot 55 Equity Shares and in multiples of 65 Equity Shares thereof.
|IPO||S. P. Apparels Ltd|
|Issue Open||2 Aug 2016|
|Issue Close||4 Aug 2016|
|Issue Size||215 Cr|
|Price Band||Rs. 258 to Rs. 268|
|Maximum Bid Amount||200000 (2 Lakh)|
|Bid Lot||55 Equity Shares & in multiple thereof|
|Cheque in Favour of (Retail Investor)||No cheque required ( Only ASBA Application )|
|Face Value||Rs. 10 Per Equity Share|
|Listing||BSE & NSE|
About S. P. Apparels Ltd Business:
S.P. Apparels Limited is a leading manufacturer and exporter of knitted garments for infants and children in India. Company also manufacture and retail menswear garments in India under the brand ‘Crocodile’. Company has become the 2nd largest exporter among manufacturers of knitted garments for infants and children in India in terms of revenue in the Fiscal Year 2014. Companies product range for knitted garments for infants and children includes body suits, sleep suits, tops and bottoms.
Company is considering the launch of products in the women’s essential wear category under the‘Natalia’ brand owned by the Company. Companies business consists of two main divisions –
(i) garments division (for manufacture and export of knitted garments for infants and children); and
(ii) retail division (for manufacture, distribution and marketing of products in India under the brand name ‘Crocodile’)
Companies strong focus on quality has helped to become the preferred vendor of choice for certain large international customers. In recognition of Companies high quality of manufacturing operations, Company has been awarded the ‘Gold Supplier Award’ by TESCO in 2013, ‘Values Award’ by TESCO in 2011-12 and ‘Trading Fairly Award’ for setting benchmarks in Tirupur for compliance with labor standards, investing in workers and supporting community projects by TESCO in 2009. In November 2014, Company received safety awards from the Directorate of Industrial Safety and Health, Government of Tamil Nadu for the least number of accidents during the calendar years 2011 and 2010.
Allotment & Listing Details
S. P. Apparels Ltd -ISIN, Script Code, Listing & Allotment Details in Below Table-
7, Omkar Corner, opp Cosmos Bank ,
Tilak Road, Sadashiv Peth,
Mobile: 77 1991 7444