Shoppers Stop IPO
Shoppers Stop IPO — date, price band, lot size & details 2005
Shoppers Stop listed on 23 May 2005 at ₹356.2, 49.7% above the ₹238 issue price.
Shoppers Stop is a K Raheja group department store chain selling lifestyle merchandise, with 16 stores across major Indian cities at the time of its IPO. Its total income was Rs 344.70 crore in FY2004.
Stock price
Shoppers Stop 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 28 Apr 2005
- Close 04 May 2005
- Allotment 13 May 2005
- Refund/credit TBA
- Listing 23 May 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 Apr to 4 May, 2005 |
|---|---|
| Price Band | ₹210 – ₹250 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹165.32 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,950 |
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 ₹238 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹5,950 |
| Retail (max) | 33 | 825 | ₹1,96,350 |
| S-HNI (min) | 34 | 850 | ₹2,02,300 |
| S-HNI (max) | 168 | 4,200 | ₹9,99,600 |
| B-HNI (min) | 169 | 4,225 | ₹10,05,550 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It grew from 1 store in 1991 to 16 stores in 9 cities.
- 02Total income rose from Rs 226.80 crore in FY2002 to Rs 344.70 crore in FY2004.
- 03Profit after tax rose from Rs 0.10 crore in FY2002 to Rs 12.00 crore in FY2004.
- 04EBITDA rose from Rs 10.80 crore in FY2002 to Rs 24.60 crore in FY2004.
Risks · 5
- 01Retail margins are thin; profit after tax was Rs 12.00 crore on income of Rs 344.70 crore in FY2004.
- 02Sales peak in the October to December quarter, so a weak festive season hurts the full year; profit was Rs 10.60 crore in eight months to November 2004.
- 03Wrong fashion buying leads to markdowns and lower margins, as disclosed in the prospectus; EBITDA was Rs 20.50 crore in eight months to November 2004.
- 04Some of its trademark applications faced opposition; net worth was Rs 88.60 crore.
- 05Promoter holding fell from 79.75% before the issue to 67.09% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Shoppers Stop offer document.
| Metric | 30 Nov 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Total Income | 289.20 | 344.70 | 289.70 | 226.80 |
| Profit After Tax | 10.60 | 12.00 | 10.60 | 0.10 |
| EBITDA | 20.50 | 24.60 | 19.60 | 10.80 |
| NET Worth | 88.60 | 77.50 | 64.60 | 55.40 |
| Reserves and Surplus | 61.20 | 57.20 | 57.10 | 57.10 |
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 Shoppers Stop RHP.
Where the money goes
₹131.60 Cr of the issue is earmarked to named objects.
About the company
It runs large format department stores selling lifestyle merchandise.
It grew from one store of 2,800 sq ft in Mumbai in 1991 to 16 stores in Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Pune, Jaipur and Gurgaon, covering 752,848 sq ft.
The IPO was Rs 165.32 crore at Rs 238 within the Rs 210 to Rs 250 band, with a face value of Rs 10.
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.
Shoppers Stop 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.
Axis Capital
260 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
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%).
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: House of Pearl Fashions (-9.1%).
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 Shoppers Stop?
The current Grey Market Premium is ₹0.
What is the Shoppers Stop IPO price band?
₹210 to ₹250, on a face value of ₹10.
When is the allotment?
The basis of allotment is 13 May 2005, with listing on 23 May 2005.
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.
