C P S Shapers Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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C P S Shapers

CMP

278.55

+13.25 (4.99%)

  • DRHP
₹185

Offer Price

₹ 11.10 Cr

Issue Size

₹ 1,11,000

Min Investment

600

Lot size

Time Line

  • 29
    Aug 2023
    Open
  • 31
    Aug 2023
    Close
  • 05
    Sep 2023
    Finalisation of Basis of Allotment
  • 06
    Sep 2023
    Initiation of Refunds
  • 07
    Sep 2023
    Transfer of Shares to Demat Account
  • 07
    Sep 2023
    Listing Date

Objects of the Offer

  • Expansion and upgradation of its manufacturing facility.

  • Enhancing its Brand Image.

  • Widen its product portfolio.

  • Expand its international presence.

  • Leveraging its marketing skills and initiatives.

Products & Services

  • C P S Shapers Limited is engaged in the business of manufacturing of Shapewear for Men and Women.

Strengths

  • Customer base across geographies and industries.

  • E-retailing and online distribution network.

  • Its Product Portfolio.

  • Brand Equity.

  • Customer Centric Business Model.

Risks

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The company business is dependent and will continue to depend on its manufacturing facility, and the company is subject to certain risks in the manufacturing process. Any slowdown or shutdown in the manufacturing operations or strikes, work stoppages or increased wage demands by the company employees that could interfere with its operations could have an adverse effect on the business, financial condition and results of operations.

  • The company existing manufacturing facility are concentrated in a single region i.e., Meerut, Uttar Pradesh and the inability to operate and grow its business in this particular region may have an adverse effect on the business, financial condition, results of operations, cash flows and future business prospects.

  • The company don`t have long-term agreements with suppliers for the company raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.

  • The company depends on the success of its relationships with the customers. The company derive a significant part of the revenue from its top 10 customers and the company do not have long term contracts with these customers. If one or more of such customers choose not to source their requirements from it, The company business, financial condition and results of operations may be adversely affected.

Company Promoters

Promoters Holding

Issue For IPO
24.00%
Pre Holding

84.00%

Post Holding

60.00%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 26.68 (85.40%) 36.81 (38.00%) 140.53 (-)
Gross Profit 26.68 (85.40%) 36.81 (38.00%) 140.53 (-)
Net Income 26.68 (85.40%) 36.81 (38.00%) 140.53 (-)
Assets 26.68 (85.40%) 36.81 (38.00%) 140.53 (-)
Liabilities 26.68 (85.40%) 36.81 (38.00%) 140.53 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
C P S Shapers Ltd 36.81 2.46 12.54 10.79 140.53 0.00 35.02 2.77 0.83
Page Industries Ltd 4,788.64 571.25 2,692.81 2,692.81 41.66 512.15 1,229.20 21.21 0.18
Lux Industries Ltd 2,378.66 142.03 2,118.84 2,118.84 9.78 47.23 460.34 6.70 0.16
Dollar Industries Ltd 1,393.83 52.54 1,073.48 1,073.48 7.42 9.26 124.97 4.89 0.23
K P R Mill Ltd 6,185.88 814.10 5,597.63 5,597.63 21.96 23.81 108.45 14.54 0.36
Arvind Ltd 8,382.48 404.56 6,913.59 6,913.59 12.09 15.49 130.18 5.85 0.42

Book Running Managers

  • Shreni Shares Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

201-204 2nd flr Swamin.Ind.Est,
No. 3 Nanal Nagar Waliv Vasi.E,
Palghar - 401208
Phone : +91 9084735560 Email : investor@dermawear.co.in www.cpsshapersltd.com

Offer Related Information

Initial public offering of 6,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of C P S Shapers Limited ("CPS" or "The Company" or "The Issuer") for cash at a price of Rs. 185/- per equity share (including a premium of Rs. 175/- per equity share) ("Issue Price") aggregating to Rs. 11.10 crores ("The Issue") of which 31,200 equity shares aggregating to Rs. 0.58 crores will be reserved for subscription by market maker ("Market Raker Reservation Portion"). The issue less the... More

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