K.P.R. Mill IPO
K.P.R. Mill IPO — date, price band, lot size & details 2007
K.P.R. Mill listed on 28 Aug 2007 at ₹175, 22.2% below the ₹225 issue price.
K.P.R. Mill is a Coimbatore based vertically integrated apparel maker that spins yarn, knits fabric and makes knitted garments, almost all of which it exported. Its total income was Rs 512.06 crore in FY2007.
Stock price
K.P.R. Mill 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 02 Aug 2007
- Close 07 Aug 2007
- Allotment TBA
- Refund/credit TBA
- Listing 28 Aug 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 2 to 7 Aug, 2007 |
|---|---|
| Price Band | ₹225 – ₹265 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹133.02 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,625 |
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 25 shares at the ₹225 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹5,625 |
| Retail (max) | 35 | 875 | ₹1,96,875 |
| S-HNI (min) | 36 | 900 | ₹2,02,500 |
| S-HNI (max) | 177 | 4,425 | ₹9,95,625 |
| B-HNI (min) | 178 | 4,450 | ₹10,01,250 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 73.17 crore in FY2005 to Rs 512.06 crore in FY2007.
- 02Net worth rose from Rs 16.60 crore in FY2005 to Rs 332.67 crore in FY2007.
- 03It exported 99.86% of its readymade knitted apparel in FY2007 to large retailers such as Carrefour and C&A.
- 04Rs 39.70 crore of the issue was for installing windmills near Tirunelveli.
Risks · 5
- 01Restated profit fell from Rs 63.11 crore in FY2006 to Rs 58.42 crore in FY2007.
- 02With 99.86% of garment sales exported, a stronger rupee or weaker demand abroad would hurt.
- 03Cotton prices drive yarn margins; total assets rose from Rs 205.25 crore in FY2005 to Rs 939.29 crore in FY2007.
- 04The issue was priced at Rs 225, the bottom of its band.
- 05Promoter holding fell from 83.92% before the issue to 70.75% after it.
Three years of numbers
All figures in ₹ crore, as reported in the K.P.R. Mill offer document.
| Metric | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 939.29 | 681.12 | 205.25 |
| Total Income | 512.06 | 443.12 | 73.17 |
| Profit After Tax | 58.42 | 63.11 | 12.02 |
| NET Worth | 332.67 | 224.54 | 16.60 |
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 K.P.R. Mill RHP.
Where the money goes
₹121.91 Cr of the issue is earmarked to named objects.
About the company
It is a vertically integrated apparel company that makes carded and combed cotton yarn, knitted fabric and readymade knitted garments, handling design, delivery and quality checks itself.
In FY2007 it exported 99.86% of its readymade knitted apparel directly to international clients such as Carrefour, Penneys (Primark), C&A, Kiabi and Mother Care, and had more than 1,000 regular domestic clients for yarn and fabric.
The IPO was Rs 133.02 crore and was entirely a fresh issue at Rs 225, the bottom of the Rs 225 to Rs 265 band. The money was for windmills, spinning equipment and expanding its garment, knitting and processing units.
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.
K.P.R. Mill 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.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
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 K.P.R. Mill?
The current Grey Market Premium is ₹0.
What is the K.P.R. Mill IPO price band?
₹225 to ₹265, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 28 August 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
