C P S Shapers IPO will open for subscription from 29 August 2023. The company aims for an issue size of ₹11.10 Cr through this IPO.
Company Overview
| Full name | C P S Shapers Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | https://www.cpsshapersltd.com/ |
About Company
Incorporated in 2012, CPS Shapers is engaged in the business of manufacturing Shapewear for Men and Women like V-Shaper, Saree Shapewear, Active Pants, ShapeX Denim, etc. It manufactures and sells Shapewear for Men and Women through its brands -Dermawear with the motto Shape up with Confidence and YDIS (Your Dress Is Shapewear), through both, online and offline channels.
The company’s product portfolio includes Saree Shapewear, mini-shaper, Sports Bra, All Mini Corset, Tummy Reducer, All Zenrik, Slimmer, Active Pants, Denim, Masks, and other shapewear. C P S Shapers’ products are sold both, domestically and internationally. It has a PAN India presence with a distributor network in 28 states and 8 Union territories for its domestic market. For FY 2023, 2022, and 2021, the revenue from domestic sales was INR 35.95 crore, INR 26.68 crore, and INR 14.39 crore, respectively. The company also exports to 5 countries namely Canada, Germany, Australia, United Kingdom, United States of America.
The Objective of the Issue
- Purchase of Plant and Machinery at existing Manufacturing facility.
- Purchase of Commercial Vehicle.
- Funding of capital expenditure requirements of the company towards the purchase of Solar Power Systems.
- Upgradation of existing IT Software at our existing manufacturing facility and registered office.
- Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions.
- Funding Working Capital Requirements of the company.
- General corporate purposes.
IPO Timetable
| IPO Opening date | 29 August 2023 |
| IPO Closing | 31 August 2023 |
| Basis of Allotment | 05 September 2023 |
| Initiation Refund | 06 September 2023 |
| Credit to Demat Account | 07 September 2023 |
| Listing Date | 08 September 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹11.10 Cr – 600,000 shares |
| Fresh Issue | ₹11.10 Cr – 600,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹185 per share |
| Lot size | 600 Shares |
| Market Maker portion | 31,200 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹111,000 |
| Retail (Max) | 1 | 600 | ₹111,000 |
| HNI (Min) | 2 | 1,200 | ₹222,000 |
Reservation Details
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 31,200 (5.20%) |
| Other Shares Offered | 284,400 (47.40%) |
| Retail Shares Offered | 284,400 (47.40%) |
| Total Shares Offered | 600,000 (100%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 14.39 | 26.68 | 36.82 |
| Expenses | 14.05 | 25.46 | 33.51 |
| Net income | 0.38 | 1.57 | 2.46 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.54 | 10.47 | 16.41 |
| PE ratio | – | – | 11.28 |
| RONW (%) | (16.99) | (221.31) | 140.53 |
| NAV | (15.20) | (4.73) | 11.67 |
| ROCE (%) | 0.19 | 0.28 | 0.28 |
| EBITDA (%) | 11.78 | 8.91 | 13.37 |
| Debt/Equity | (4.16) | (13.18) | 5.96 |
Company Promoters
- Mr. Abhishek Kamal Kumar
- Mr. Rajendra Kumar.
Promoter Holding
| Pre Issue Share Holding | 99.80% |
| Post Issue Share Holding | – |
Lead Manager(s)
SHRENI SHARES PRIVATE LIMITED
Office No. 102, 1st Floor, Sea Lord CHS,
Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra
Phone: 022 – 2808 8456
Email: shrenishares@gmail.com
Website: www.shreni.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
CPS SHAPERS LIMITED
Plot No. 31, New Mayur Vihar Near Raj Vansh Vihar,
Garh Road, Meerut – 250002, Uttar Pradesh, India
Phone: +91 9084735560
E-mail: investor@dermawear.co.in
Website: www.cpsshapersltd.com
Allotment Status
CPS Shapers IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
C P S Shapers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
