C P S Shapers Limited IPO : Key Dates

C P S Shapers Limited IPO is set to launch on 29 August, 2023. The company initiated its business operations in the year 2012. The company makes shapewear for men and women. Its brand name is Dermacare. The products of Dermacare are sold through online and offline mode. Its product portfolio includes Slimmer, Zenrik, Mini Shaper, Saree Shapewear, Sports Bra, Tummy reducer, All Mini corsets, Denim, Active Pants, Masks etc. It has its presence marked across India in 28 states and 8 union territories. The company’s exports are done to countries like Germany, Canada, United Kingdom, Australia, USA etc.

C P S Shapers Limited IPO DETAILS

C P S Shapers Limited IPO is set to launch on 29 August, 2023. The subscription timeline extends till 31 August, 2023. The size for the IPO is 11.10 Crore Rs. Shares issued through fresh issue mode are worth 11.10 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 600 shares and the price is 185 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of C P S Shapers Limited IPO 

C P S Shapers Limited IPO : IMPORTANT DATES

C P S Shapers Limited IPO begins for subscription from 29 August, 2023. The IPO subscription would continue till 31 August, 2023. The allotment status for the shareholders who applied would come on 5 September, 2023. The refunds for the ones who did not get allotment would be initiated on 6 September, 2023. The DEMAT accounts of shareholders would be credited on 7 September, 2023. The listing of the company would be completed on 8 September 2023.

C P S Shapers Limited IPO : Lead Managers

The lead managers are :

• Shreni Shares Private Limited

The minimum lot size for the company is decided at 600 shares. This holding accounts to 111000 Rs.. The maximum lot size is decided at 1200 shares (HNI). This amounts to 222000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The money will be used for purchase of plant and machinery, commercial vehicles and other expansion purposes.
• The borrowings of the company will also be paid off with the IPO money.

COMPANY FINANCIALS

C P S Shapers Limited had an asset base of 1102 Lakh Rs in the year 2021 which increased to 1275 Lakh Rs in 2022 and 1751 Lakh Rs in the year 2023. The revenue of the firm was 1441 Lakh Rs in the year 2021 which increased to 2668 Lakh Rs in the year 2022 and 3696 Lakh Rs in the year 2023. The profit of the firm was 38 Lakh Rs in 2021, 157 Lakh Rs in 2022 and 246 Lakh Rs in the year 2023.

PROS

• The products of Dermacare are sold through online and offline mode. 
• Its product portfolio includes Slimmer, Zenrik, Mini Shaper, Saree Shapewear, Sports Bra, Tummy reducer, All Mini corsets, Denim, Active Pants, Masks etc. 
• It has its presence marked across India in 28 states and 8 union territories. 
• The company’s exports are done to countries like Germany, Canada, United Kingdom, Australia, USA etc.

CONS

• The company works in a highly competitive segment.

C P S Shapers Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the C P S Shapers Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.