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Sudar Garments Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹77
Per Share
GMP
NIL
Grey Market
Est. Listing
₹77
Expected Price
Min. Application
₹12,474
2 lots × 81 shares
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
Check AllotmentCheck Status →
Sudar Garments Ltd. — Live Price LIVE
₹77.00
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Issue ₹77.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹77
GMPNIL
Est. Listing₹77
Lot Size81 shares
Min Amount₹12,474
Listing Date11 Mar 2011
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹77
Listing Date11 Mar 2011
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 9,088,000 100.00% ₹69.98 Cr
* Based on ₹77.00 (upper price band)
Lot Size & Investment Details
Lot Size
81
Shares
Issue Price
₹77.00
Per Share
Min Investment
₹6,237
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 81 ₹6,237
Retail (Max) 2 162 ₹12,474
sNII (Min) 33 2,673 ₹205,821
bNII (Min) 161 13,041 ₹1,004,157
Company Financials — Restated Consolidated (Amount in Rs Cr)
Particulars30-Sep-1031-Mar-1031-Mar-09
Revenue from Operations 5260.26 5397.29 2089.93
EBITDA N/A N/A N/A
Profit After Tax (PAT) 407.69 411.26 58.81
Net Worth N/A N/A N/A
Total Assets N/A N/A N/A
Reserves & Surplus N/A N/A N/A
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹77
Face Value ₹10 Per Share
P/BV N/A
RoE 31.8%
RoCE 22.1%
RoNW 21.3%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Sudar Garments Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
117, First Floor, Vardhaman Market, Sector - 17 , Vashi, Navi Mumbai Mumbai, Maharashtra, 400703
Book Running Lead Managers
Ashika Capital Ltd.
Book Running Lead Manager (BRLM)