The Sudar Garments IPO is a Rs 69.98 crore book-built offering. The Sudar Garments initial public offering (IPO) auction was held from February 21 to February 24, 2011. On March 11, 2011, the shares were listed on the BSE and NSE. The pricing range for the Sudar IPO is ₹72 to ₹77 per share. An application must have a minimum lot size of 81 shares. Retail investors are required to invest a minimum of ₹6,237.
Sudar Garments Limited was established in 2002 and is a prominent producer and exporter of ready-made clothing, with a focus on sophisticated shirts, trousers, and a broad assortment of clothing for men, women, and children. Khalapur Taluka, Raigad District, Maharashtra, is home to Sudar Garments’ manufacturing plant. It has a built-up area of around 29,626.30 square meters and can produce 1,66,667 pieces of shirts, dresses, slacks, tops, skirts and jeans per month. The company currently manufactures products under the brand
“Glory to Glory,” but it soon plans to introduce two additional brands: “St. Paul” and “Majesty.”
Sudar IPO Details
| IPO Date | February 21, 2011 to February 24, 2011 |
| Listing Date | March 11, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹77 per share |
| Lot Size | 81 Shares |
| Total Issue Size | 9,088,000 shares (aggregating up to ₹69.98 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Sudar IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 81 | ₹6,237 |
| Retail (Max) | 32 | 2592 | ₹199,584 |
Sudar IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 4,544,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,363,200 (15.00%) | |
| Retail Shares Offered | 3,180,800 (35.00%) | 39,269 |
| Total Shares Offered | 9,088,000 (100%) |
Sudar Company Financials
| Particulars | 30-Sep-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 |
|---|---|---|---|---|---|---|
| Total Income | 5260.26 | 5397.29 | 2089.93 | 888.96 | 863.28 | 630.82 |
| Profit After Tax (PAT) | 407.69 | 411.26 | 58.81 | 27.58 | 10.52 | (0.91) |
Objects of the Issue (Sudar IPO Objectives)
The objects of the issue are:
- Expansion of the existing apparel manufacturing unit;
- Meeting Working Capital Requirement;
- Setting up Retail Outlets and Brand Building;
- Meeting General Corporate Expenses;
- Meeting the Issue Expenses and
- Creating a public trading market for the equity shares of the company
Sudar IPO Listing Details
| Listing Date | March 11, 2011 |
| BSE Script Code | 533332 |
| NSE Symbol | SUDAR |
| ISIN | INE384L01017 |
| Final Issue Price | ₹77 per share |
Sudar Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹77.00 | ₹77.00 |
| Open | ₹74.00 | ₹80.05 |
| Low | ₹74.00 | ₹80.05 |
| High | ₹117.70 | ₹117.35 |
| Last Trade | ₹113.10 | ₹113.10 |
Sudar Garments Ltd Contact Details
Sudar Garments Ltd
117, First Floor, Vardhaman Market,
Sector 17: Vashi
Navi Mumbai – 400 703
Phone: 022 27800706/27880994
Email: [email protected]
Website: http://www.sudargarments.com
Sudar IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Sudar IPO FAQs
Q1. What is Sudar IPO?
Ans. Sudar IPO is a main-board IPO of 9,088,000 equity shares with a face value of ₹10, aggregating up to ₹69.98 crore. The issue is priced at ₹72 to ₹77 per share. The minimum order quantity is 81 shares. The IPO opens on February 21, 2011, and closes on February 24, 2011. Link Intime India Private Ltd. is the registrar for the IPO. The shares are proposed to be listed on the BSE and NSE.
Q2. When Sudar IPO will open?
Ans. The Sudar IPO opens on February 21, 2011 and closes on February 24, 2011.
Q3. What is the size of the Sudar IPO?
Ans. Sudar IPO lot size is 81 shares, and the minimum amount required is ₹6,237.
Q4. When is the Sudar IPO allotment?
Ans. The finalization of the basis of allotment for Sudar IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is the Sudar IPO listing date?
Ans. The Sudar IPO listing date is on March 11, 2011.
