Dilip Buildcon Ltd IPO Message Board (Page 33)

S P APPARELS IPO WITH FRESH ISSUE 215 CR | UPCOMING IPO

S P apparels is a top manufacturer and exporter of knitted garments for infants and children in India. These are manufactured at their integrated facilities that allow them to provide end-to-end garment manufacturing services from greige fabric to finished products. They also manufacture and retail menswear garments in India under the brand ‘Crocodile’.

The global apparel market is estimated to be of US$ 1,350 billion in 2014 and is expected to grow at a CAGR of 4.6% between 2014 and 2019. Europe and the United States are the biggest apparel markets with sizes of US$ 425 billion and US$ 305 billion respectively in 2014. Menswear and women wear contribute 83% to the total global apparel market while children wear contributes 17%. The children’s wear market is expected to grow faster (CAGR of 5.6%) than the overall apparel market (CAGR of 4.6%) between 2014 and 2019.

Company’s export business for knitted garments for infants and children constitutes a significant portion of their business. 86.13%, 84.62% and 79.84% of their total revenues for the Fiscal Years 2016, 2015 and 2014, respectively, were generated by their business of export of knitted garments products for infants and children (including duty drawback and other export incentives).

On a consolidated basis, they generated total revenues of Rs 537.75Cr, Rs 479.23Cr and Rs 452.07Cr for the Fiscal Years 2016, 2015 and 2014, respectively. They have posted a net profit of Rs 34.71Cr, Rs 10.04Cr and Rs 6.67 Cr for the Fiscal Years 2016, 2015 and 2014, respectively.

Offer Open: 2nd August, 2016 – 4th August, 2016

Issue Size: 215 Cr (Fresh Issue)

Offer for Sale: 9, 00,000 Equity Shares

Retail Allocation: 35% of the offer

Objects of the Offer:

Offer for Sale
Company will not receive any proceeds from the Offer for Sale and the proceeds from the Offer for Sale will not form part of the Net Proceeds. The Selling Shareholder will be entitled to the proceeds of the Offer for Sale after deducting their proportionate share of the Offer related expenses.
Fresh Issue
Repayment or prepayment of debt incurred by their Company;
Expansion and modernization of their manufacturing facility at Valapady, Salem, Tamil Nadu;
Addition of balancing machinery for their existing dyeing unit at SIPCOT, Perundurai;
Opening of new stores for the sale of ‘Crocodile’ products; and
General corporate purposes.
Strength:

They have a key customer base with reputed international brands.
They are one of the leading manufacturers for export of knitted garments for infants and children in India.
They have strong in-house design, testing, fitment and quality inspection facilities.
They have an experienced management team led by their Promoters and key management personnel.
Company’s 79.25% of total revenue in Fiscal 2016 was earned from customers outside India and denominated in foreign currency in their business of knitted garments for infants and children. While a large portion of the expenses are paid in Indian Rupees, their revenues are mostly in foreign currencies, predominantly in British Pound Sterling and U.S.Dollar.

The Company plan to enhance and aggressively develop their existing ‘Crocodile’ brand in India. By focusing further resources, including management time and effort, distribution and sales network, opening new company owned and operated stores and other retail outlets and brand management on developing the ‘Crocodile’ brand.

Admin what are you waiting for?

400 Kostak.

No trading for SP apparel

In Ahmedabad Kostak for Dilip build cone is
Rs 375 Buyer .

Kostak - 450

Which city?

Ahmedabad

Eagleye ji...... Dilip buildcom IPO, retail me kinti size hai ?

Kabhi khud bhi mehanat kar liya kato

@Karan, thanks for ur posts.

Another article, slightly dated, in ConstructionWeek India on DBL date 4th Nov2015........

"......At a time when Make in India campaign is being much talked about, Suryavanshi believes that it can be a success in the long term only when Indian companies will focus on innovation and sustainability. He is keen that Indian companies take a cue from global counterparts and focus on safety too. For him, an issue that causes delay and arbitration but hardly gets enough mention is issuance of inaccurate Detailed Project Reports (DPR) before tendering — a consequence of being designed by incompetent consultants. “The bidding process is archaic and should be overhauled. The government shouldn’t build public infrastructure using lowest bidder criteria alone. It should look at those who can build best quality infrastructure using a points system that evaluates track record of the company, history of timely completion, plant & equipment capabilities, availability of skilled labour, etc.”
Secondly, he adds, the government should make all the necessary clearances available for the developer at the start of the project. Also qualification criteria should be tweaked for players with expertise in one infrastructure asset class (eg, bridges) to be able to bid for another asset class (eg, canals) even if they do not have prior experience in that specific asset class...."

I am also applying in this IPO ,

I HAVE now changed the status for QIB , i will not wait long to see QIB subscribing on last day make many retail investors puzzle , They apply at 12.30 to 2 pm when retail subscription closes , If retail subscribes over two to three times , i am surely going to apply

SINCE i have made profit in previous IPO i will apply like i did in Parag milk

Chem cho sir, u r first one to take a clear stand......good

Hi,

Any One got information regarding, RBL(RATNAKAR BANK LTD) IPO, much awaited by these Forum also. In 13-June-16 Promoters Interview, they have informed media within two months IPO, but till date no such information in any media or website, but Advertisements in Business Channel is there.

That many vehicles even top road transport company don''t own.

My guess is Dilip Transportation would be demerged soon to unlock value.

So , basically it''s a logistic company disguised as road contractor.

Sell house and apply. Gmp experts will tell shortly

That''s a shrewd observation. They are surprisingly big & have clearly invested a lot in backward integration. Currently they are benefiting from low RM prices but this backward integration in sand manufacturing, stone griding etc will help if RM prices were to rise.

Dilip Buildcon IPO is not traded at all.

Lot of negative wives.

Admin Can you create a new page for SP apparels IPO ?

You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right—and that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else.
Warren Buffett

Spot on.

For every IPO we have multiple Options..

Category A. Apply for IPO and Hold the Allotment for Long Term, fundamental and informed decision
Category B. Apply for IPO and Sell it on listing day, book profit or loss, short term informed gamble
Category C. Apply for IPO and Sell it in Grey Market, if reasonable Kostak rate is available. I would be satisfied for Rs. 400 also. Get Fixed and Secured return on your short term investment.
Category D. Avoid. Dont apply. I consider this option, only If not able to sell application in Grey Market. Otherwise, no point leaving any IPO.

IS THIS THE RIGHT LEVEL TO ENTER LAMBODHARA TEXTILES. IT IS TRADING@110
THANKS

sp apparel date
02-04 Aug.

i will apply sp apparel

SP Apparel is a contract manufacturer for Crocodile brand in India. Crocodile & Lacoste have a longstanding court battle over the trademark and logo. You can visit http://www.stuff.co.nz/life-style/fashion/82270744/clothing-war-between-lacoste-and-crocodile-international-escalated-to-supreme-court

My view on Dilip Buildcon:

1) Low margin: Though EBITDA margin is high @20-21%, EBIT margin is at lower level due to higher depreciation resulting from higher fixed assets as the company owns almost all of its equipments.
2) Weak Balance Sheet: It has higher debtor days and inventory days, resulting in stretched balance sheet.
3) Leverage: Current D/E is 2.3x. It will raise Rs 400cr from fresh equity out of which Rs 200cr would be used to pare debt resulting in better D/E of 1.45x. However, the company will have to infuse Rs 600cr in its BOT projects in next 3 years, again increasing D/E.
4) Politically exposed: The promoter of the company is close to BJP government in MP. His name has also cropped-up in Vyapam case. This makes it politically exposed.

Hence, I would avoid the IPO.

Nice.

SP Apparels IPO

Price Band 258 - 268
Lot Size 55 shares

Hello Mam, do you recommend investing in SP Apparels IPO ? What is the issue date ?

RBL opening 10th August

Rbl Ipo size? Mem

DBL GMP 30 - 32

IPO size kyaa hai...

Merchant stooge active now . 👏👏👏👏