Initial public offering of 6,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of C P S Shapers Limited ("CPS" or "The Company" or "The Issuer") for cash at a price of Rs. 185/- per equity share (including a premium of Rs. 175/- per equity share) ("Issue Price") aggregating to
Rs. 11.10 crores ("The Issue") of which 31,200 equity shares aggregating to Rs. 0.58 crores will be reserved for subscription by market maker ("Market Raker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 5,68,800 equity shares of face value of Rs. 10/- each at an issue price of Rs. 185/- per equity share aggregating to
Rs. 10.52 crores ("Net Issue"). The issue and the net issue will constitute 28.57% and 27.09% of the post issue paid-up equity share capital of the company.
The face value of the equity shares is Rs. 10/- each and the issue price is 18.5 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
29-Aug-2023
31-Aug-2023
₹ 185.00
₹ 0.00
Minimum Application for shares in Nos : 600.0
Further Multiples of : 600.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
9.82
Shreni Shares Ltd
Project Financed through Current Offer
11.10
Post Issue Equity Share Capital
2.10
Issue Price
₹185.00
Projects
Purchase of palnt and machinery at its 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 its existing manufacturing facility and registred office
Repayment or prepayment in full of in part of borrowings availed by the company from banks and financial institutions
Funding working capital requirements of the company