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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.
| Issue Period | November 3, 2022 - November 17, 2022 |
| Security Name | S.P. Apparels Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 600,000 |
| Issue Size (Amount) | ₹35.10 Crores |
| Buyback Price | ₹585 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Record Date | October 7, 2022 |
| Offer Opens On | November 3, 2022 |
| Last Date for receipt of Tender Forms | November 17, 2022 |
| Offer Closes On * | November 17, 2022 |
| Finalisation of Buyback Acceptance | November 25, 2022 |
| Last Date for settlment of bids | November 28, 2022 |
| Last Date for Extinguishment of Shares | December 5, 2022 |
| 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. |
| 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 | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 463.50 | 376.10 | 428.72 |
| Jul-2022 | 414.00 | 359.40 | 377.24 |
| Jun-2022 | 397.50 | 326.00 | 359.89 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 463.75 | 375.30 | 428.64 |
| Jul-2022 | 414.90 | 360.00 | 377.40 |
| Jun-2022 | 398.00 | 326.05 | 359.84 |
The Buyback is being undertaken for the following reasons:
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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
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: spapparels.buyback@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager(s)
Registered Broker
The SP Apparels Buyback opens on November 3, 2022, and closes on November 17, 2022.
The SP Apparels Buyback last day to buy is not available as of now.
The SP Apparels Buyback is a Tender Offer.
SP Apparels Buyback Schedule
| Buyback Opening Date | November 3, 2022 |
| Buyback Closing Date | November 17, 2022 |
| Last Date for receipt of Tender Forms | November 17, 2022 |
| Finalisation of Buyback Acceptance | November 25, 2022 |
| Last Date for settlment of bids | November 28, 2022 |
| Last Date for Extinguishment of Shares | December 5, 2022 |
The SP Apparels Buyback is being offered at Rs ₹585 per share per equity share.
| 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. |
The record date for the SP Apparels Buyback is October 7, 2022.
The issue size of SP Apparels Buyback is of 600,000 equity shares at ₹585 per share aggregating upto ₹35.10 Crores.
The Buyback is being undertaken for the following reasons:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The SP Apparels Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
1| Link|October 19, 2022 7:01:51 PM
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