Crew B.O.S. Products IPO
Crew B.O.S. Products IPO — date, price band, lot size & details 2004
Crew B.O.S. Products listed on 24 Sep 2004 at ₹36.5, 4.3% above the ₹35 issue price.
Crew B.O.S. Products is a Gurgaon based maker and exporter of fashion leather goods such as bags, belts, wallets, portfolios and footwear. Its total income was Rs 56.24 crore in FY2004.
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 Aug 2004
- Close 27 Aug 2004
- Allotment 16 Sep 2004
- Refund/credit TBA
- Listing 24 Sep 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 27 Aug, 2004 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 150 Shares |
| Issue Size | ₹14 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Skyline Financial Services Private Limited |
| Min Investment | ₹ 5,250 |
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 150 shares at the ₹35 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 150 | ₹5,250 |
| Retail (max) | 38 | 5,700 | ₹1,99,500 |
| S-HNI (min) | 39 | 5,850 | ₹2,04,750 |
| S-HNI (max) | 190 | 28,500 | ₹9,97,500 |
| B-HNI (min) | 191 | 28,650 | ₹10,02,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 34.78 crore in FY2002 to Rs 56.24 crore in FY2004.
- 02Profit after tax rose from Rs 2.57 crore in FY2002 to Rs 4.15 crore in FY2004.
- 03Return on net worth was 30.75%.
- 04It runs 3 manufacturing facilities in Gurgaon.
Risks · 5
- 01It was a new entrant in retail with no retail marketing experience, as disclosed in the prospectus; Rs 0.27 crore was for retail outlet deposits.
- 02Fashion goods depend on fast changing buyer trends; profit was Rs 4.15 crore in FY2004.
- 03Total borrowing was Rs 14.96 crore in FY2004, more than its net worth of Rs 13.86 crore.
- 04Exports to the USA and Europe bring currency risk; total income was Rs 56.24 crore.
- 05Promoter group holding fell from 95% before the issue to 64.77% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Crew B.O.S. Products offer document.
| Metric | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Assets | 37.41 | 33.17 | 30.53 |
| Total Income | 56.24 | 54.69 | 34.78 |
| Profit After Tax | 4.15 | 3.23 | 2.57 |
| NET Worth | 13.86 | 10.54 | 7.96 |
| Reserves and Surplus | 6.86 | 10.06 | 7.48 |
| Total Borrowing | 14.96 | 15.93 | - |
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 Crew B.O.S. Products RHP.
Where the money goes
₹14.01 Cr of the issue is earmarked to named objects.
About the company
In 1989 it started making and exporting fashion bags and belts, and it now runs three facilities in Gurgaon making belts, bags, portfolios, business cases, footwear, wallets and home furnishings.
It exports to customers in the USA and Europe, and won an award from the Council for Leather Exports for its export turnover in FY2002.
The IPO was Rs 14 crore at Rs 35 per share, with a face value of Rs 10. The money was for new buildings, plant and machinery and retail outlets.
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.
Crew B.O.S. Products 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.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
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 Crew B.O.S. Products?
The current Grey Market Premium is ₹0.
What is the Crew B.O.S. Products IPO price band?
₹35, on a face value of ₹10.
When is the allotment?
The basis of allotment is 16 September 2004, with listing on 24 September 2004.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Skyline Financial Services 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.
