House of Pearl Fashions IPO
House of Pearl Fashions IPO — date, price band, lot size & details 2007
House of Pearl Fashions listed on 15 Feb 2007 at ₹499.9, 9.1% below the ₹550 issue price.
House of Pearl Fashions is a garment exporter that designs, sources and makes clothes for retailers such as JC Penney, Tesco, ASDA Wal-Mart, GAP, Next and Esprit. Its consolidated total income was Rs 169.61 crore in FY2006.
Stock price
House of Pearl 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 16 Jan 2007
- Close 23 Jan 2007
- Allotment 06 Feb 2007
- Refund/credit TBA
- Listing 15 Feb 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 23 Jan, 2007 |
|---|---|
| Price Band | ₹525 – ₹600 |
| Face Value | ₹10 |
| Lot Size | 10 Shares |
| Issue Size | ₹362.84 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,500 |
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 10 shares at the ₹550 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 10 | ₹5,500 |
| Retail (max) | 36 | 360 | ₹1,98,000 |
| S-HNI (min) | 37 | 370 | ₹2,03,500 |
| S-HNI (max) | 181 | 1,810 | ₹9,95,500 |
| B-HNI (min) | 182 | 1,820 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its customers included at least 6 large retailers: JC Penney, Tesco, ASDA Wal-Mart, GAP, Next and Esprit.
- 02Consolidated total income rose from Rs 104.01 crore in FY2004 to Rs 169.61 crore in FY2006, and was Rs 448.40 crore in six months to September 2006 after acquisitions.
- 03Net worth rose from Rs 71.17 crore in FY2004 to Rs 125.24 crore on 30 September 2006.
- 04It had about 182 people in design and product development and 248 in sourcing.
Risks · 5
- 01It made a loss of Rs 1.75 crore in FY2005.
- 02Much of its business came from subsidiaries acquired in March 2006, so its record as a group was only 6 months long.
- 03Garment exports depend on a few large overseas buyers, at least 6 named retailers, and on the rupee.
- 04Rs 67.39 crore of the Rs 362.84 crore issue went to selling shareholders.
- 05Promoter holding fell from 97.62% before the issue to 66.82% after it.
Three years of numbers
All figures in ₹ crore, as reported in the House of Pearl Fashions offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 448.40 | 169.61 | 129.76 | 104.01 |
| Profit After Tax | 25.82 | 6.65 | -1.75 | 4.55 |
| NET Worth | 125.24 | 96.96 | 73.34 | 71.17 |
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 House of Pearl Fashions RHP.
Where the money goes
₹239.57 Cr of the issue is earmarked to named objects.
About the company
It designs and supplies garments to value retailers such as JC Penney, Tesco and ASDA Wal-Mart and to fashion brands such as GAP, Next and Esprit, through its own factories and other manufacturers.
As of 30 June 2006 its sourcing offices had 248 employees and its design teams about 182. It bought subsidiaries in Bangladesh and other countries in March 2006, so its consolidated figures from then are not comparable with earlier years.
The IPO was Rs 362.84 crore, with Rs 295.45 crore of fresh issue and Rs 67.39 crore of offer for sale, at Rs 550, within the Rs 525 to Rs 600 band. The fresh money was for new factories in India and Bangladesh, a design centre and acquisitions of brands abroad.
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.
House of Pearl 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.
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: Cairn India (-5.0%).
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 House of Pearl Fashions?
The current Grey Market Premium is ₹0.
What is the House of Pearl Fashions IPO price band?
₹525 to ₹600, on a face value of ₹10.
When is the allotment?
The basis of allotment is 6 February 2007, with listing on 15 February 2007.
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.
