CPS Shapers SME IPO

CPS Shapers Limited

₹1,11,000 /600 sharesMinimum Investment

CPS Shapers SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹185.00₹450.00₹265.00 (143.24%)

CPS Shapers SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 Aug ‘23 - 31 Aug ‘23₹1,11,000600₹185 - ₹185
Issue SizeIPO Doc
11.10Cr
RHP PDF

About CPS Shapers SME

Incorporated in 2012, CPS Shapers specializes in the production of shapewear designed for both men and women. Their range includes products like V-Shapers, Saree Shapewear, Active Pants, and ShapeX Denim. Over the years, their product offerings have expanded as they ventured into new categories. In addition to the products mentioned above, their product lineup also comprises Mini Shapers, Sports Bras, All Mini Corsets, Tummy Reducers, Zenrik Shapewear, Slimmers, Active Pants, Denim, Masks, and various other shapewear items. CPS Shapers distributes its products both within the country and abroad. They operate a manufacturing facility in Meerut, along with two warehouses in Vasai, Maharashtra, and Tiruppur, Tamil Nadu. Additionally, they have a branch office in Tiruppur, Tamil Nadu, and a virtual office in Bengaluru.;
Parent Organisation
CPS Shapers Limited
Founded
2012
Managing Director
Mr. Abhishek Kamal Kumar

Strengths & Risks

  • The company's revenue from operations saw substantial growth over the years. In 2021, it amounted to Rs. 1,439.12 lakhs, followed by Rs. 2,668.35 lakhs in 2022 and Rs. 3,681.45 lakhs in 2023.
  • A portion of this revenue comes from exports, accounting for 2.36% in the year ending March 31, 2023. The company exports its products to five countries: Canada, Germany, Australia, the United Kingdom, and the United States of America.
  • The company has a widespread presence across India, operating through distributors and an online sales platform in 28 states and 8 Union territories as of March 31, 2023.
  • Additionally, the company maintains an extensive online network for product distribution. Its products are available on various online platforms such as Amazon, Ajio, Flipkart, Myntra, Nykaa Fashion, Nykaa Retail, Snapdeal, and its own website.
  • Over the years, the company has consistently expanded its product range, introducing new product categories to meet the evolving market demands.
  • The company's manufacturing centers are concentrated in a single area, and any inability to expand might harm its financial prospects and overall business.
  • The company lacks long-term agreements with material suppliers. Problems like increased costs or inadequate quality and supply of raw materials could damage its business.
  • A significant portion of the company’s revenue comes from the top 10 customers. Without long-term contracts with these customers, the company could suffer if they choose other sources. For the years ending in 2023, 2022, and 2021, the top 10 customers contributed about 72.03%, 73.86%, and 75.97% of revenue, respectively.
  • The company's business model is built on e-retail, without physical retail outlets.
  • A major revenue comes from one product, saree shapewear, contributing 42.37%, 39.00%, and 25.66% in 2023, 2022, and 2021 respectively.
  • The company experienced negative cash flows in previous years.
  • The company has outstanding short-term and long-term borrowings totaling Rs. 1,043.66 lakhs, Rs. 935.59 lakhs, and Rs. 947.57 lakhs as of March 31, 2023, 2022, and 2021.
  • The company’s group companies incurred losses in prior financial periods.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular185 - 185₹2 Lakh
High Networth Individual185 - 185₹2 - 5 Lakh
For CPS Shapers SME IPO, eligible investors can apply as Regular.
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