Celebrity Fashions IPO
Celebrity Fashions IPO — date, price band, lot size & details 2005
Celebrity Fashions listed on 12 Jan 2006 at ₹236.3, 31.3% above the ₹180 issue price.
Celebrity Fashions is a Chennai based maker and exporter of men's garments, mainly shirts, for buyers in the US and Europe. Its total income was Rs 134.10 crore in FY2005.
Stock price
Celebrity Fashions is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 19 Dec 2005
- Close 22 Dec 2005
- Allotment TBA
- Refund/credit TBA
- Listing 12 Jan 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 22 Dec, 2005 |
|---|---|
| Price Band | ₹160 – ₹180 |
| Face Value | ₹10 |
| Lot Size | 35 Shares |
| Issue Size | ₹81.9 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,300 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 35 shares at the ₹180 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 35 | ₹6,300 |
| Retail (max) | 31 | 1,085 | ₹1,95,300 |
| S-HNI (min) | 32 | 1,120 | ₹2,01,600 |
| S-HNI (max) | 158 | 5,530 | ₹9,95,400 |
| B-HNI (min) | 159 | 5,565 | ₹10,01,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 102.77 crore in FY2004 to Rs 134.10 crore in FY2005.
- 02Profit after tax rose from Rs 4.84 crore in FY2004 to Rs 5.80 crore in FY2005.
- 03Net worth doubled from Rs 30.61 crore in FY2005 to Rs 64.24 crore in September 2005.
- 04It planned to grow by buying Ambattur Clothing's undertaking, under an MoU of 2 December 2005.
Risks · 5
- 01Profit after tax was thin at Rs 5.80 crore on income of Rs 134.10 crore in FY2005.
- 022 of its manufacturing units were awaiting regularisation by the Chennai planning authority.
- 03Garment exports bring currency risk and depend on overseas demand; total assets were Rs 129.02 crore.
- 04The Ambattur Clothing acquisition was only an MoU signed on 2 December 2005 and might not complete.
- 05Promoter group holding fell from 57.24% before the issue to 42.24% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Celebrity Fashions offer document.
| Metric | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 129.02 | 81.20 | 65.13 |
| Total Income | 90.31 | 134.10 | 102.77 |
| Profit After Tax | 5.25 | 5.80 | 4.84 |
| NET Worth | 64.24 | 30.61 | 25.65 |
| Reserves and Surplus | 33.30 | 6.36 | 5.83 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Celebrity Fashions RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Celebrity Fashions IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹4.38 | ₹1.96 |
| P/E Ratio (x) | 41.10 | 91.61 |
| Market Cap at Offer Price (₹ Cr) | ₹215.75 | ₹482.14 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹180 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹109.36 Cr of the issue is earmarked to named objects.
About the company
It designs, makes and exports men's garments, mainly shirts.
On 2 December 2005 it signed an MoU with Ambattur Clothing Limited to buy its garment making undertaking, and it had applied to regularise two of its manufacturing units in Chennai.
The IPO was Rs 81.9 crore and was entirely a fresh issue at Rs 180, the top of the Rs 160 to Rs 180 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Celebrity Fashions IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Celebrity Fashions?
The current Grey Market Premium is ₹0.
What is the Celebrity Fashions IPO price band?
₹160 to ₹180, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 12 January 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
