CPS Shapers was established on June 1, 2012. The company specializes in manufacturing shapewear for both men and women, including products such as V-shapers, saree shapewear, active pants, shapeX denim, and more
| Bidding Dates |
|---|
| 29 Aug 2023 - 31 Aug 2023 |
| Subscription |
|---|
| 236.67x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,000 | 1 | 1 | 600 | 600.0 K | ₹185 | 71.43 % | ₹111.0 M | RHP DOC |
CPS Shapers IPO SUBSCRIPTION STATUS
31 Aug '23CPS Shapers IPO overall subscription rate was 236.67 times the total available shares
CPS Shapers IPO retail subscription rate was 285.37 times in the retail segment
CPS Shapers IPO non-institutional investor subscription rate was 187.97 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
31 Aug 2023 (Day 3) | 285.37x | 187.97x | - |
30 Aug 2023 (Day 2) | 91.01x | 28.87x | - |
29 Aug 2023 (Day 1) | 25.92x | 4.72x | - |
CPS Shapers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 24.6 | 368.1 | 11.2 | -1.0 | 13.4% |
| FY22 | 15.7 | 266.8 | 19.8 | 9.1 | 8.9% |
| FY21 | 3.8 | 143.9 | 10.5 | 9.6 | 11.8% |
CPS Shapers IPO SUBSCRIPTION STATUS DETAILS
CPS Shapers had 600.0 K shares on offer
CPS Shapers IPO offer price was ₹185
CPS Shapers IPO minimum Investment was ₹111000
CPS Shapers IPO issue size was ₹ 111.0 M
CPS Shapers had a minimum lot size of 600 Shares per application
CPS Shapers NUMBER OF SHARES ON OFFER
CPS Shapers IPO IMPORTANT DATES
| Issue Open Date | 29 Aug 2023 |
| Issue close Date | 31 Aug 2023 |
| Allotment Date | 05 Sep 2023 |
| Refund Date | 06 Sep 2023 |
| Demat Account Credit Date | 07 Sep 2023 |
| Listing Date | 07 Sep 2023 |
| Listing on Exchange(s) | NSE |
| CPS Shapers Allotment Status | Exchange |
CPS Shapers IPO subscription opened on 29 Aug 2023, and closed on 31 Aug 2023
IPO allotment for CPS Shapers was finalized on Tuesday, 05 Sep 2023
IPO listing for CPS Shapers was on NSE on Thursday, 07 Sep 2023
CPS Shapers IPO LISTING GAINS
| Issue Price (adjusted) | 185.0 |
| Listing Open Price | 450.0 |
| Listing Close Price | 472.5 |
| Listing Gain% | 143.2% |
| Current Gain% | 462.2% |
CPS Shapers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CPS Shapers Ltd. | 1040 | 218.4 | 1876.3 | -61.3 | 7 | 0.6 | 0.4 | 31.3 | 1.4 | 0.1 | -23.7 | 0.6 | -30.6 |
| Lenskart Solutions Ltd. | 569.7 | 99054.9 | 200.7 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
CPS Shapers INFORMATION ON IPO ISSUE
About CPS Shapers
CPS Shapers was established on June 1, 2012. The company specializes in manufacturing shapewear for both men and women, including products such as V-shapers, saree shapewear, active pants, shapeX denim, and more
Object of the Issue
- Purchase of plant and machinery at an 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 the company from banks and financial institutions
- Funding working capital requirements of the company
- General corporate purposes
CPS Shapers - PROMOTERS
| Name |
|---|
| Abhishek Kamal Kumar |
| Rajendra Kumar |
CPS Shapers Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
CPS Shapers Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
CPS Shapers Strengths
Customer base across geographies
The company's brand Dermawear has gained a customer base in both Indian and international markets. It has established a PAN India presence through a network of distributors covering 28 states and 8 Union territories
Product portfolio
Over the past several years, the company's product range has expanded significantly, introducing new product categories to its portfolio. The offerings now encompass a wide variety of shapewear products, including saree shapewear, mini shapers, sports bras, all mini corsets, tummy reducers, all zenrik, slimmers, active pants, denim, masks, and other types of shapewear
Brand equity
The company has established an online distribution network for its product supply. Its products are listed on various online platforms, including Amazon, Ajio, Flipkart, Myntra, Nykaa Fashion, Nykaa Retail, Snapdeal, and its official website. In the Fiscal Year 2023, revenue from online sales accounted for 34.56% of the total revenue
CPS Shapers Risks
Outstanding litigation
The company is currently facing certain ongoing legal proceedings. An unfavorable resolution of these matters could potentially have negative implications for the business, reputation, and financial results
Concentrated manufacturing facilities
The company's manufacturing operations are predominantly centralized in a single location, namely Meerut, Uttar Pradesh. Any operational challenges or constraints in this region could potentially impact the business negatively and hinder its growth prospects
Dependent on few customers
A substantial portion of the company's revenue comes from its top 10 customers, and these relationships are not governed by long-term contracts. In the event that one or more of these key customers decide to discontinue sourcing from the company, it could have an adverse impact on the business, financial condition, and overall results
IPO FAQs
The promoters of the company are Abhishek Kamal Kumar and Rajendra Kumar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 185.0 - 185.0.
The IPO application opens on Aug 29, 2023 and closes on Aug 31, 2023.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 111,000.0, the maximum value for this IPO is Rs 111,000.0.
This IPO will be allotted on Sep 05, 2023.
The refund will be credited to your account on Sep 06, 2023.
The allotted shares will be credited to your demat on Sep 07, 2023.
CPS Shapers Ltd.’s shares listed on the stock exchanges on Sep 07, 2023.