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C P S Shapers IPO

C P S Shapers IPO

Closed RHP

Listing Details

  • Listing Exchange NSE SME
  • Listing Date 07-Sep-23
  • IPO Price Range ₹ 185
  • Listing Price ₹ 450
  • Listing Change 143.2%
  • Last Traded Price ₹ 368
  • Current Change 98.9%

C P S Shapers IPO Details

  • Open Date 29-Aug-23
  • Close Date 31-Aug-23
  • Lot Size 600
  • IPO Size ₹ 11.10 Cr
  • IPO Price Range ₹ 185
  • Min Investment ₹ 111000
  • Listing Exchange NSE SME
  • Basis of Allotment 05-Sep-23
  • Refunds 06-Sep-23
  • Credit to Demat Account 07-Sep-23
  • Listing Date 08-Sep-23

C P S Shapers IPO Subscription Status

Date QIB NII Retail TOTAL
29-Aug-23 - 4.95 28.31 16.64
30-Aug-23 - 30.53 98.09 66.34
31-Aug-23 - 198.17 301.03 253.97

C P S Shapers IPO Synopsis

C P S Shapers Limited IPO is all set to open from 29th August to 31st August  2023. The company manufactures shapewear for men and women. The IPO includes a fresh issue of 6,00,000 shares worth ₹11.10 cr. The share allotment date is 5th September, and the IPO will be listed on 8th September on the stock exchanges. The price is ₹185 per share and the lot size is 600 shares.

Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of C P S Shapers IPO:

C P S Shapers Limited plans to utilize the raised capital from the IPO to:
●    Fulfill the working capital requirements.
●    Fund the purchase of plant and machinery for the current manufacturing facility. 
●    Fund the purchase of the commercial vehicle.
●    Meet working capital expenditure requirements to purchase solar power systems. 
●    To upgrade the current IT software at the current manufacturing facility as well as the registered office. 
●    Partial or full prepayment or repayment of the debt obtained from banks and financial institutions. 
●    For general corporate purposes.

About C P S Shapers

Established in 2012, C P S Shapers Limited specializes in manufacturing shapewear for both men and women, offering a diverse range of products such as V-Shapers, Saree Shapewear, Active Pants, ShapeX Denim, and more. It is known in the apparel market under the brand name "Dermawear," embodying the motto "Shape up with Confidence" and "YDIS." The company's primary manufacturing unit is situated in Meerut, Uttar Pradesh, while its warehousing facilities are strategically located in Palghar, Maharashtra, and Tiruppur, Tamil Nadu.

C P S Shapers distributes their products through both e-retail and traditional offline channels, establishing a sustainable business model over time. The company has continually expanded its product line, which now includes a variety of offerings such as Saree Shapewear, Mini Shapers, Sports Bras, Mini Corsets, Tummy Reducers, Zenrik, Slimmers, Active Pants, Denim, Masks, and various other shapewear items. 

The company operates nationwide, with distributors spanning across 28 states and 8 Union territories to serve its domestic market. Additionally, it exports its products to five countries: Canada, Germany, Australia, the United Kingdom, and the United States of America.

Peer Comparison

●    Page Industries Limited
●    Dollar Industries Ltd
●    Lux Industries Limited
●    Arvind Limited
●    K.P.R Mill Limited
 

For More Information:
Webstory on C P S Shapers IPO
C P S Shapers IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 36.81 26.68  14.39
EBITDA 4.92 2.38 1.69
PAT 2.46 1.57 0.38
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 17.51 12.75 11.02
Share Capital 0.50 0.50 0.50
Total Borrowings 15.76 13.46 13.30
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.12 1.98 1.05
Net cash from / (used in) investing activities -1.22 -1.07 -0.095
Net cash flow from / (used in) financing activities 0.096 -0.97 -0.87
Net increase (decrease) in cash and cash equivalents -0.0044 -0.068 0.083


C P S Shapers IPO Key Points

  • Strengths

    1.    A PAN-India presence as well as a global presence in 5 countries.  
    2.    The company has an online (e-retail) as well as a traditional distribution network.
    3.    Vast product portfolio. 
    4.    Runs two popular brands: Dermawear and YDIS.
    5.    Experienced promoters and management. 
     

  • Risks

    1.    The ongoing trend in the e-retail market of “Turn Back Cash-On-Delivery Orders” can impact the company's revenue negatively.   
    2.    Changing consumer preferences and demands can impact the business. 
    3.    A major portion of revenue (42.37%) is concentrated on the sales of Saree Shapewear.
    4.    It is subjected to payment-related risks, such as payment processing risks and risks associated with cash on delivery.
    5.    High working capital requirement and negative cash flows in the past.  
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

C P S Shapers IPO FAQs

What is the minimum lot size and investment required for the C P S Shapers IPO?

The minimum lot size of C P S Shapers IPO is 600 shares and the investment required is ₹1,11,000.

What is the price band of C P S Shapers IPO?

The price band of C P S Shapers IPO is ₹185 per share. 

When does the C P S Shapers IPO issue opens and closes?

C P S Shapers IPO opens from 29th August to 31st August 2023.
 

What is the size of the C P S Shapers IPO issue?

The size of C P S Shapers IPO is ₹11.10 cr. 

What is the allotment date of the C P S Shapers IPO?

The share allotment date of C P S Shapers IPO is 5th September 2023.

What is the C P S Shapers IPO listing date?

The C P S Shapers IPO will be listed on 8th September 2023.

Who are the book runners for the C P S Shapers IPO?

Shreni Shares Limited is the book-running lead manager for C P S Shapers IPO.

What is the objective of C P S Shapers IPO?

C P S Shapers plans to utilize the raised capital from the IPO to:

1.    Fulfill the working capital requirements.
2.    Fund the purchase of plant and machinery for the current manufacturing facility. 
3.    Fund the purchase of the commercial vehicle.
4.    Meet working capital expenditure requirements to purchase solar power systems. 
5.    To upgrade the current IT software at the current manufacturing facility as well as the registered office. 
6.    Partial or full prepayment or repayment of the debt obtained from banks and financial institutions. 
7.    For general corporate purposes. 
 

How to apply for the C P S Shapers IPO?

To apply for C P S Shapers IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the C P S Shapers Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.

Contact Details of C P S Shapers IPO

Contact Information

C P S Shapers Limited

201-204, 2nd Floor, Swamini Industrial Estate No 3
Opp. Varun Industries, Nanal Nagar, Waliv,
Vasai East, Palghar – 401 208
Phone: +91 9084735560
Email: investor@dermawear.co.in
Website: https://www.cpsshapersltd.com/

C P S Shapers IPO Register

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

C P S Shapers IPO Lead Manager

Shreni Shares Private Limited