Incorporated in 2012, C P S Shapers Limited is engaged in the business of manufacturing Shapewear for Men and Women.
The company manufactures and sells Shapewear for Men and Women through its brands -Dermawear with the motto Shape up with Confidence and YDIS (Your Dress Is Shapewear), through both, online and offline channels.
C P S Shapers’ product portfolio includes Saree Shapewear, Mini Shaper, Sports Bra, All Mini corsets, Tummy Reducer, All Zenrik, Slimmer, Active Pants, Denim, Mask, and other shapewear. It has a PAN India presence with a distributor network in 28 states and 8 Union territories for its domestic market. It also exports to 5 countries namely Canada, Germany, Australia, United Kingdom, United States of America.
The company’s manufacturing unit is located in Meerut, Uttar Pradesh, and its warehousing facilities are in Palghar, Maharashtra, and Tiruppur, Tamil Nadu.
C P S Shapers IPO Details
C P S Shapers IPO is a Fixed Price Issue. The IPO total issue size is Rs 11.10 Cr. The C P S Shapers IPO price is ₹185 per share. The IPO will list on NSE SME.
| IPO Date | Aug 29, 2023 to Aug 31, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹185 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 600,000 shares (aggregating up to ₹11.10 Cr) |
| Fresh Issue | 600,000 shares (aggregating up to ₹11.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,500,000 |
| Share holding post issue | 2,100,000 |
| Market Maker portion | 31,200 shares Shreni Shares |
C P S Shapers IPO Reservation
| Other Shares Offered | 50% |
| Retail Shares Offered | Not less than 50.00% of the Offer |
C P S Shapers IPO Timetable (Tentative)
C P S Shapers IPO opens on Aug 29, 2023, and closes on Aug 31, 2023.
| IPO Open Date | Tuesday, 29 August 2023 |
| IPO Close Date | Thursday, 31 August 2023 |
| Basis of Allotment | Tuesday, 5 September 2023 |
| Initiation of Refunds | Wednesday, 6 September 2023 |
| Credit of Shares to Demat | Thursday, 7 September 2023 |
| Listing Date | Friday, 8 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 31, 2023 |
C P S Shapers IPO Lot Size
The minimum lot size of this C P S Shapers IPO is 600 shares required is ₹111,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹111,000 |
| Retail (Max) | 1 | 600 | ₹111,000 |
| HNI (Min) | 2 | 1,200 | ₹222,000 |
| Lot Size Calculator |
C P S Shapers IPO Promoter Holding
The Promoters of the company are Mr. Abhishek Kamal Kumar and Mr. Rajendra Kumar.
| Pre Issue Share Holding | 99.80% |
| Post Issue Share Holding |
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,102.02 | 1,275.48 | 1,751.20 |
| Revenue | 1,441.71 | 2,668.84 | 3,696.16 |
| Profit After Tax | 38.05 | 157.06 | 246.09 |
| Net Worth | -228.03 | -70.97 | 175.12 |
| Reserves and Surplus | -278.03 | -120.97 | 125.12 |
| Total Borrowing | 947.57 | 935.57 | 1,043.66 |
Amount in ₹ Lakhs
Key Performance Indicator
C P S Shapers IPO Market Cap is Rs 38.85 Cr and P/E (x) is 11.28.
| KPI | Values |
|---|---|
| P/E (x) | 11.28 |
| Market Cap (₹ Cr.) | 38.85 |
| ROE | 4.73% |
| ROCE | 0.28% |
| Debt/Equity | 5.96 |
| EPS (Rs) | 16.41 |
| RoNW | 140.53% |
Check C P S Shapers IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Purchase of Plant and Machinery at 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 our Company from banks and financial institutions.
- Funding Working Capital Requirements of the company.
- General corporate purposes.
C P S Shapers IPO Review (May apply)
[Dilip Davda] CSL has performed well for the reported periods. It is operating in a highly competitive and fragmented segment. Based on FY23 earnings, the issue appears reasonably priced. The small equity post-IPO indicates a longer gestation period for migration to the mainboard. Well-informed investors may park funds for long-term rewards. Read detail review…
C P S Shapers IPO Prospectus
Company 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 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html