C P S Shapers IPO

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 nameC P S Shapers Limited
Company Websitehttps://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 date29 August 2023
IPO Closing31 August 2023
Basis of Allotment05 September 2023
Initiation Refund06 September 2023
Credit to Demat Account07 September 2023
Listing Date08 September 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹11.10 Cr – 600,000 shares
Fresh Issue₹11.10 Cr – 600,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹185 per share
Lot size600 Shares
Market Maker portion31,200 shares
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)1600₹111,000
Retail (Max)1600₹111,000
HNI (Min)21,200₹222,000

Reservation Details

Anchor Investor Shares Offered
Market Maker Shares Offered31,200 (5.20%)
Other Shares Offered284,400 (47.40%)
Retail Shares Offered284,400 (47.40%)
Total Shares Offered600,000 (100%)

Financial Performance

 FY 2021FY 2022FY 2023
Net income0.381.572.46
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio11.28
RONW (%)(16.99)(221.31)140.53
ROCE (%)
EBITDA (%)11.788.9113.37

Company Promoters

  • Mr. Abhishek Kamal Kumar
  • Mr. Rajendra Kumar.

Promoter Holding

Pre Issue Share Holding99.80%
Post Issue Share Holding

Lead Manager(s)

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

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

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

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