Business Standard

S P Apparels Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

239.12 cr

Price Range (₹)

268

Lot Size

55

Min Investment (₹)

14,740.00

Listing Exchange

MumbaiNSE

Open Date

02-Aug-2016

Close Date

04-Aug-2016

Listing Date

12-Aug-2016

S P Apparels Ltd News

    The Shares of S P Apparels Ltd have now been listed.

    S P Apparels Ltd IPO Details

    Initial public offering of 8,922,388 equity shares of face value of Rs. 10 each (the equity shares) of S.P. Apparels Limited (company) for cash at a price of Rs. 268 per equity share (including a premium of Rs. 258 per equity share) (the offer price) aggregating Rs. 239.12 crores consisting of a fresh issue of 8,022,388 equity shares by the company aggregating up to Rs. 215.00 crores (the fresh issue) and an offer for sale of 900,000 equity shares aggregating Rs. 24.12 crores by New York Life Investment Management India Fund (FVCI) II LLC (the selling shareholder and such offer of equity shares by the selling shareholder, the offer for sale). The fresh issue and the offer for sale are together referred to as the offer. The offer will constitute 35.45% of the fully-diluted post-offer paid-up equity share capital of the company.The face value of the equity shares is Rs. 10 each.

    Objective of issue

    Repay. or prepay. of debt incurred by the company. Expansion & modernisation of manufacturing facili.. Opening of new stores for sale of Crocodile prod.. Addition of balancing machineries for dyeing unit. General corporate purposes.

    S P Apparels Ltd Contact Details

    S P Apparels Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - csoffice@s-p-apparels.com; spindia@s-p-apparels.co

    Website - www.spapparels.com