Incorporated in 1989, S.P. Apparels Ltd is one of the leading manufacturers and exporters of knitted garments for infants and children in India. The company has two subsidiaries Crocodile Products Private Limited and S.P. Apparels (UK) (P) Limited. The company has integrated manufacturing facilities which provide end-to-end garment manufacturing from greige fabric to finished products.
S.p. Apparels Ltd Stock Quote & Charts
381.8
-3.60 (-0.93%)
- Open: 387.3
- High – Low: 392.35 – 380.05
- Previous Close: 385.4
- Total Traded Value: 18217
- Updated On: 10/28/2022 4:00 PM
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SP Apparels Buyback Detail
| Issue Period | Nov 3, 2022 – Nov 17, 2022 |
| Security Name | S.P. Apparels Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.06 Crores |
| Issue Size (Amount) | ₹35.10 Crores |
| Buyback Price | ₹585 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
SP Apparels Buyback Issue Timetable
| Offer Opens On | Nov 3, 2022 |
| Offer Closes On | Nov 17, 2022 |
| Record Date | Oct 7, 2022 |
| Last Date for receipt of Tender Forms | Nov 17, 2022 |
| Finalisation of Buyback Acceptance | Nov 25, 2022 |
| Last Date for settlment of bids | Nov 28, 2022 |
| Last Date for Extinguishment of Shares | Dec 5, 2022 |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date. |
Company Financials
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 832.67 | 46.92 | 523.22 | 226.25 |
| 31-Mar-21 | 653.69 | 43.17 | 558.38 | 194.15 |
| 31-Mar-22 | 868.92 | 84.69 | 637.77 | 231.31 |
| Amount in ₹ Crore |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 463.5 | 376.1 | 428.72 |
| Jul-2022 | 414 | 359.4 | 377.24 |
| Jun-2022 | 397.5 | 326 | 359.89 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 463.75 | 375.3 | 428.64 |
| Jul-2022 | 414.9 | 360 | 377.4 |
| Jun-2022 | 398 | 326.05 | 359.84 |
Necessity of the Issue
The Buyback is being undertaken for the following reasons:The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders’ value.
SP Apparels Buyback Documents
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Company Contact Information
S.P. Apparels Ltd
39 – A, Extention Street,
Kaikattipudur Road, Avinashi,
Tamil Nadu 641654
Phone: (+91 ) 4296 304000
Email: csoffice@s-p-apparels.com
Website: http://www.s-p-apparels.com/index-home.html