C P S Shapers Limited is set to launch an IPO which will open on August 29, 2023, and close on August 31, 2023. Through this public offer company wants to raise Rs.11.10 Crore from the primary market, Company fixed the IPO price of 185 with a minimum lot of 600 shares, according to the preliminary papers draft red herring prospectus (DRHP) filed to the capital market regulator SEBI.
C P S SHAPERS is the manufacturer and supplier of shapeware for men and women under the brand “Dermaware” & “Ydis”. The company distributes/sells the products offline (through major e-commerce players like Amazon Flipkart, etc.) and online modes. The compression garments fabric is specially designed from a skin-friendly blend of cotton, polyster, spandex, etc. The company sells their products domestically and internationally also exports & supplies products to Canada, USA, Australia, UK, and Germany. In the fiscal year 2023, the company generated Rs. 35.94 Crore in revenue from export operations, and Rs. 26.68 crore in the year 2022. The company has one manufacturing plant situated at Meerut Uttar Pradesh along with two warehouses at Maharashtra and Tamil Nadu.
Product portfolio:
Saree shapware, Mini shaper, Sport bra, Tummy reducer, Zenrik, slimmar, denim, musk, pants, etc.
#C P S Shapers IPO Object
The company proposed to use the IPO Funds for the below-mentioned purposes:
- Rs. 1.79 crore of the total net proceeds fund will be used for the purchase of plant and machinery for the existing facility.
- Rs. 0.096 crore of the total net proceeds fund will be used for the purchase of commercial vehicle.
- Rs. 0.21 crore of the total net proceeds fund will be used for the capital expenditure requirement.
- Rs. 0.18 crore of the total net proceeds fund will be used for upgrading the existing IT software.
- Rs. 1.67 crore of the total net proceeds fund will be used for repayment/prepayment of the secured loans.
- Rest funds will be used for working capital requirements general corporate purposes and offer expense.
#C P S Shapers Company Strength
- E-retailing and online distribution network
- Customer-centric business model
- Customer base across geographic and industries
- Brand quality and quality assurance.
- Experienced and dedicated senior team members
- High entry and existing barriers.
#C P S Shapers Forward Statements
- Dependency on manufacturing facility
- Dependence on single manufacturing facilities only, Manufacturing unit is concentrated in one region i.e Meerut, Uttar Pradesh.
- Company business model is distribution model and has no customer facing retail outlets.
- No long-term contracts with the suppliers of a significant portion of raw materials.
- No long-term contracts with the customers.
- Significant amount of working capital consumed in trade receivable/inventories.
#C P S Shapers IPO Review & Rating
| Issue Size | 11.10 crore (Book built issue) |
| Issue Price | Rs. 185 per share |
| Lot size | 600 shares |
| Market Capitalization | 35.85 crore |
| Profit – 2023 | 2.46 crore |
| Total Assets – 2023 | 17.51 crore |
| Debt/Equity ratio | 5.96 |
| NAV Value | Rs. 11.67 per share |
| Pre-offer Promoter holding | 99.80% |
| Listing on Stock Exchanges | SME Platform of NSE (NSE Emerge) |
| IPO Deliver Rating | 2/10 |
#C P S Shapers IPO Dates, Price Band, Lot Size & Details
C P S Shaper IPO is open on August 29, 2023, and closes on August 31, 2023. The IPO list on September 08, 2023.
| Type of issue | Fresh issue |
| Issue Size | Rs. 11.10 Crore (60,00,000 shares) |
| Price band | Rs. 185 per shares |
| Lot size | 600 equity shares |
| Face Value | Rs.10 each equity share |
| IPO Open | August 29, 2023 |
| IPO Close | August 31, 2023 |
| IPO Allotment Date | September 05, 2023 |
| Refund Date | September 06, 2023 |
| Listing Date | September 08, 2023 |
#C P S Shapers Financials Review (Lakhs)
The following table set forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 |
March 31, 2021
|
| Total Revenue | 3,696.16 | 2,668.84 | 1,441.71 |
| Net worth | 175.12 | (70.97) | (228.03) |
| Profit after Tax (PAT)
|
246.09 | 157.06 | 38.05 |
| Total borrowings
|
1,043.66 | 933.57 | 947.57 |
#C P S Shapers IPO Quantitative Factors
The following table set forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | 16.41 | 10.47 | 2.54 |
| Diluted EPS | 16.41 | 10.47 | 2.54 |
| P/E Ratio | 38.06 | 38.06 | 38.06 |
| RoNW | 140.53% | (221.31%) | (16.69%) |
| NAV | 11.67 | (4.73) | (15.20) |
#C P S Shapers IPO Industry peers
| Company | EPS | P/E Ratio | RoNW | NAV |
| Page Industries Ltd. | 512.15 | 72.84 | 41.67 | 1129.21 |
| Lux Industries Ltd. | 48.80 | 31.90 | 10.03. | 467.49 |
| Dollar Industries Ltd. | 10.27 | 41.30 | 8.11 |
126.54 |
#C P S Shapers Company Promoter
The company has two promoters
Mr. Abhishek Kamal Kumar
Mr. Rajender Kumar
- Pre-offer shareholding: 99.80% (14,97,000 equity shares) Post-offer shareholding: 59.80%
- The average cost of acquisition for promoter-selling shareholders: Rs. 5.53 per equity share.
#C P S Shapers IPO Pre-offer and Post-Offer Promoters shareholding
Pre-offer promoter (02) & promoter group (04) shareholding 99.80%
Post-offer promoter & promoter group shareholding 59.80%
#C P S Shapers IPO Reservation
Money Market reservation 31,200 equity shares
Retail investor (RII): Not more than 50% of the offer size i.e. 2,84,400 equity shares.
Other than RII: Not more than 50% of the offer size i.e. 2,84,400 equity shares
#C P S Shapers IPO Application
Option-1 Apply for IPO through Internet Banking
- Log into your bank account.
- In the invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO and select the ongoing IPO “C P S Shapers Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “C P S Shapers Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
#C P S Shapers IPO Registrar
Bigshare Services Private Limited
Regd. Office: S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai-400093
Tel: +91 6263 8200 and Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
#C P S Shapers IPO lead manager
Shreni Shares Private Limited
Regd. Office: 102, Sea lord CHS, Above Axix Bank, Ramnagar, Boriwali-west Mumbai, Maharashtra – 400 092,
Tel: +91 022-2808 8456 and Email: shrenishares@gmail.com
Website: www.shreni.in
#C P S Shapers IPO – Draft Prospectus & Prospectus
Draft Prospectus (DP) – Click to view/download
Prospectus (P) – Click to view/download
#C P S Shapers Company Details
C P S Shapers Limited (Registered on June 01, 2012)
Regd. Plot No. 201-204, 2nd Floor, Swamini Industrial Estate No 3, Opp. Varun Industries, Nanal Nagar, Waliv, Vasai – 401 208, Maharashtra, India
Tel: +91 9084735560 & Email: cs@dermaware.co.in
Website: www.sahajfashions.in
Investor Grievances/Compliance officer: Mr. N. H. Gatecha
Subsidiary Company: No
#C P S Shapers Company Board (Top 3)
Mr. Abhishek Kamal Kumar (42) Chairman & Managing Director
Mr. Rajender Kumar (75) Non-Executive Director
Mr. Abhav K Kumar (18) Non-Executive Director
#C P S Shapers IPO – Frequently Asked Questions (FAQ’s)
Q-1 what is C P S Shapers IPO Open date?
Ans: C P S Shapers IPO opening date is August 29 – August 31, 2023.
Q-2 what is C P S Shapers IPO Close date?
Ans: C P S Shapers IPO close date is August 31, 2023
Q-3 What is C P S Shapers IPO Listing date?
Ans: C P S Shapers IPO listing date is September 08, 2023
Q-4 What is C P S Shapers IPO Minimum investment amount?
Ans: C P S Shapers IPO minimum investment amount is Rs. 1,10,000.
Q-5 What is C P S Shapers IPO offer issue Size?
Ans: C P S Shapers offer an issue size of Rs. 11.10 crores, which comprise fresh issue.
Q-6 What is C P S Shapers IPO Price Band?
Ans: C P S Shapers IPO price band is Rs 185 per share.
Q-7 Is any similar segment/sector listed company in India?
Ans: Yes
Q-8 Is C P S Shapers IPO mainboard IPO or SME IPO?
Ans: C P S Shapers IPO is the SME IPO.
Q-9. What is C P S Shapers’ promoter name?
Ans: C P S Shapers has two promotors Mr. Rajendra Kumar & Mr. Abhishek Kamal Kumar
Q-10 C P S Shapers IPO Rating by IPO Deliver Team?
Ans: Two Rating
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