C P S Shapers Ltd Share Price – NSE

Readymade Garments/ Apparells, Small Cap

C P S Shapers will hold a meeting of the Board of Directors of the Company on 29 March 2024.

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C P S Shapers will hold a meeting of the Board of Directors of the Company on 10 November 2023.

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The scrip was listed at Rs 450, a premium of 143.24% compared with the issue price. The scrip hit a high of Rs 472.50 and a low of Rs 427.50. About 3.85 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of C P S Shapers received bids for 14,20,03,200 shares as against 6,00,000 shares on offer. The issue was subscribed 236.67 times.

The issue opened for bidding on Tuesday (29 August 2023) and it closed on Thursday (31 August 2023). The IPO price was fixed at Rs 185 per share. The equity shares will be listed on the SME Platform of National Stock Exchange of India (NSE EMERGE).

The IPO comprised fresh issue of 6,00,000 shares. The promoter and promoter group shareholding diluted to 71.29% from 99.80% pre-IPO.

The company intends to utilize the net proceeds for purchase of plant and machinery for existing manufacturing facility, purchase of commercial vehicle, funding of capital expenditure requirements of the company towards purchase of solar power system, 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 the company from banks and financial institutions, funding working capital requirements of the company and general corporate purposes.

C P S Shapers is engaged in the business of manufacturing of Shapewear for Men and Women like V-Shaper, Saree Shapewear, Active Pants, ShapeX Denim, etc. The company distributes the products both, by e-retail and offline model and have developed a sustainable business model over the period. The company also follow online sales model for supply of our products and the products are registered on various online platforms such as Amazon, Ajio, Flipkart, Myntra, Nykaa Fashion, Nykaa Retail, Snapdeal

The company recorded a revenue from operations of Rs 36.81 crore and net profit of Rs 2.46 crore for the period ended as on 31 March 2023.

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