Sunil Shankar Matkar
August 24, 2023 / 05:46 PM IST
Shapewear producer CPS Shapers could be opening its preliminary public offering for subscription on August 29. It is miles a mounted stamp direct, with a proposal stamp of Rs 185 per portion.
The public direct of six lakh shares, which is 28.57 p.c of post-direct paid-up fairness, contains 31,200 fairness shares for the market maker and the remaining 5,68,800 fairness shares for others in conjunction with retail patrons and excessive-networth other folks.
The textile company is planning to scheme shut Rs 11.10 crore by technique of the final public supply, which is entirely a novel direct.
The earn unique direct proceeds could be utilised for the acquisition of plant and machinery, commercial autos, and photo voltaic vitality system. The funds will additionally be dilapidated for the upgradation of existing IT instrument, repaying money owed, working capital requirements, and standard company functions.
The supply will shut on August 31.
CPS Shapers, promoted by Abhishek Kamal Kumar and Rajendra Kumar, manufactures shapewear for ladies and men, below its ticket title Dermawear and YDIS.
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It has a pan-India presence with a distributor network in 28 states and eight union territories. It additionally has an export division and is supplying products to Canada, Germany, Australia, the United Kingdom and america, per sales made for FY23.
CPS Shapers, which is obtainable at a PE of 11.28x on FY23 basis, compares itself with listed peers esteem Page Industries, Lux Industries, Dollar Industries, KPR Mill, and Arvind, which traded at a PE of 12.58-78.85x fluctuate.
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The monetary performance of the Maharashtra-primarily based entirely Dermawear shapewear remained stable previously years, with profit in the monetary One year ended March 2023 rising 56.7 p.c on-One year to Rs 2.46 crore and income increasing by 38 p.c to Rs 36.8 crore when put next with the previous One year. The EBITDA (earnings sooner than pastime, tax, depreciation and amortisation) at Rs 4.81 crore increased by 101.3 p.c with a margin enlargement of 411 bps at 13.07 p.c one day of the identical period.
CPS Shapers will debut on the NSE SME Emerge on September 8.
Shreni Shares is the merchant banker to the direct, while Bigshare Products and companies is the registrar to the supply.
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