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  • August 29, 2023

IPO : C P S Shapers Limited

 ISSUE TYPE Fixed Price Issue IPO
 ISSUE OPENS ON August 29, 2023 (Tuesday)
 ISSUE CLOSES ON August 31, 2023 (Thursday)
 ISSUE PRICE Rs.185 per share
 ISSUE SIZE Up to Rs.11.10 Crores
 FACE VALUE Rs.10 per share

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.

 MINIMUM BID 600 shares
 MINIMUM AMOUNT  Rs.1,11,050
 MAXIMUM BID 600 shares
 MAXIMUM AMOUNT  Rs.1,11,050
 LISTING DATE September 08,2023 (Friday)

The company’s manufacturing unit is located in Meerut, Uttar Pradesh, and its warehousing facilities are in Palghar, Maharashtra, and Tiruppur, Tamil Nadu.

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.

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