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C P S Shapers IPO GMP, Price, Dates & Allotment Details 2023

C P S Shapers IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The C P S Shapers IPO will open on August 29 and close on August 31, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 11.10 crore through this public offering, consisting of 6 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 185 per share.

C P S Shapers Limited (“the Company”)

C P S Shapers Limited was incorporated in 2012. The company, C P S Shapers Limited, is engaged in the business of manufacturing shapewear for men and women like V-Shaper, Saree Shapewear, Active Pants, ShapeX Denim, etc.

They are popularly known and identified in the apparel market by their brand name, Dermawear,” with their motto “Shape up with Confidence” and “YDIS” (“Your Dress Is Shapewear”). The company distributes its products both online and offline and has developed a sustainable business model over the years.

Its products are sold both domestically and internationally. They have a pan-India presence with our distributor network in 28 states and 8 Union territories for their domestic market (based on sales made for the financial years ended March 31, 2023, 2022, and 2021). The company has also started its export division and is supplying products to five countries, namely Canada, Germany, Australia, the United Kingdom, and the United States of America, based on sales made for the financial year that ended March 31, 2023.

Company Key Metrics

Earning Per Share (EPS)₹ 16.41 per Equity Share
ROE4.73%
ROCE0.28%
P/E (x)11.28
Return on Net Worth (RoNW)140.53%

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. Purchase of plant and machinery at an existing manufacturing facility
  2. Purchase of a commercial vehicle.
  3. Funding of the capital expenditure requirements of the company towards the purchase of solar power systems.
  4. upgrade of existing IT software at our existing manufacturing facility and registered office.
  5. Repayment or prepayment, in full or in part, of borrowings availed by our company from banks and financial institutions
  6. Funding the working capital requirements of the company.
  7. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth175.12(70.97)(228.03)
Total Assets1,751.201,275.481,102.02
Reserve & Surplus125.12(120.97)(278.03)
Total Borrowings1,043.66935.57947.57
Total Revenue3,696.162,668.841,441.71
Profit After Tax246.09157.0638.05
(Amount in ₹ Lakhs)

IPO details

As per the DRHP filed with SEBI, 6 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 31,200 shares of the offering. While Shreni Shares Private Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.

Issue TypeFixed Price Issue IPO
IPO Price₹ 185 per share
Face Value₹ 10 per share
Market Lot600 shares
Issue Size600,000 shares (aggregating up to ₹ 11.10 crores)
Fresh Issue600,000 shares (aggregating up to ₹ 11.10 crores)
Listing AtNSE SME

Market Maker detail

Market makerShreni Shares
Market maker portion31,200 shares

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50%
Retail shares offeredNot less than 50% of the offer

GMP: C P S Shapers IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: C P S Shapers IPO

The issue opens for subscription on August 29, 2023, and closes for subscription on August 31, 2023 (both days inclusive). The basis of allotment will be finalised on September 5, 2023, and the refunds will be initiated on September 6, 2023. In addition, the demat credits are expected to happen on September 6, 2023, and the stock will be listed on the NSE SME on September 7, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateAugust 29, 2023,
Closing DateAugust 31, 2023
Basis of AllotmentSeptember 5, 2023
Initiation of RefundsSeptember 6, 2023
A credit of shares to Demat A/cSeptember 7, 2023
Listing DateSeptember 8, 2023

Lot Size

The lot size of the C P S Shapers IPO is 600 shares. A retail-individual investor can apply for up to 1 lot, i.e. 600 shares of ₹ 111,000.

ApplicationsLotsSharesAmount
Retail (Minimum)1600₹ 111,000
Retail (Maximum)16,00₹ 111,000
HNI (Minimum)21,200₹ 222,000

Promoters Holdings 

Mr. Abhishek Kamal Kumar and Mr. Rajendra Kumar are the promoters of the company.

Pre-issue Shares Holdings99.80%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationC P S Shapers Limited
201-204, 2nd Floor, Swamini Industrial Estate No 3 Opp. Varun Industries,
Nanal Nagar, Waliv, Vasai East, Palghar – 401 208
Phone: +91 9084735560
Email: [email protected]
Website: https://www.cpsshapersltd.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager(s)Shreni Shares Private Limited

FAQs

The C P S Shapers IPO price is ₹ 185 per share.

The minimum investment size is one lot for retail investors. One lot of the C P S Shapers IPO contains 600 shares of ₹ 111,000.

The finalisation of the basis of allotment for the C P S Shapers IPO will be done on September 5, 2023, and the allotted shares will be credited to your demat account by September 7, 2023. Check the C P S Shapers IPO allotment status.

The C P S Shapers IPO shares listing date is September 8, 2023.

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