IPO Issue Details
Issue Price / Price Band₹77 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size81 Shares per Lot
Total Issue Size90,88,000 shares (aggregating up to ₹69.98 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 21 Feb 2011
Subscription CloseThu, 24 Feb 2011
Anchor AllotmentSun, 20 Feb 2011
Basis of AllotmentWed, 02 Mar 2011
Initiation of RefundsThu, 03 Mar 2011
Credit of Shares to DematThu, 03 Mar 2011
Listing DateFri, 11 Mar 2011
UPI Mandate Deadline2011-02-24
Application & Investment Details
Retail — Min (1 Lots)₹6,237 — 81 shares
Retail — Max (13 Lots)₹81,081 (13 Lots)
HNI — Min (33 Lots)₹2,05,821 — 2,673 shares
Pre-IPO Promoter Holding94,58,975 shares
Post-IPO Promoter Holding18,54,697 shares
About Sudar Garments Ltd.
Incorporated in 2002, Sudar Garments Limited is a leading manufacturer and exporter for readymade garments specialized in elegant Shirts, Trousers and wide range of apparel for Men, Women & Kids.Sudar Garments has its own manufacturing setup at Khalapur Taluka, Raigad District, Maharashtra with a built-up area of about, 29,626.30 Sq. Mtr. having a combined capacity of producing 1,66,667 pieces of shirts, dress, pants, tops, skirts, and denims per month. The company is presently manufacture under its own brand name “Glory to Glory” and will be launching shortly two more brands namely 'St. Paul' and 'Majesty'.
Objects of the Issue
Sudar Garments Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Expansion of the existing apparel manufacturing unit
26.29
2
2 Meeting Working Capital Requirement
27.30
3
3 Setting up Retail Outlets and Brand Building
5.90
4
4 Meeting General Corporate Expenses
9.12
5
5 Meeting the Issue Expenses
6.16
Shareholding & Lock-in
Pre-IPO Promoter Holding
94,58,975 shares
Post-IPO Promoter Holding
18,54,697 shares