SPL Industries IPO
SPL Industries IPO — date, price band, lot size & details 2005
SPL Industries listed on 26 Jul 2005 at ₹75, 7.1% above the ₹70 issue price.
SPL Industries is an apparel export house that makes knitted fabrics and garments such as T-shirts, polo shirts and sweatshirts for overseas buyers. Its total income was Rs 203.44 crore in FY2005.
Stock price
SPL Industries 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 29 Jun 2005
- Close 05 Jul 2005
- Allotment 15 Jul 2005
- Refund/credit TBA
- Listing 26 Jul 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Jun to 5 Jul, 2005 |
|---|---|
| Price Band | ₹60 – ₹70 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹63 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 7,000 |
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 100 shares at the ₹70 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹7,000 |
| Retail (max) | 28 | 2,800 | ₹1,96,000 |
| S-HNI (min) | 29 | 2,900 | ₹2,03,000 |
| S-HNI (max) | 142 | 14,200 | ₹9,94,000 |
| B-HNI (min) | 143 | 14,300 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 155.67 crore in FY2004 to Rs 203.44 crore in FY2005.
- 02Profit after tax rose from Rs 4.35 crore in FY2004 to Rs 11.92 crore in FY2005.
- 03Net worth rose from Rs 67.15 crore in FY2003 to Rs 83.25 crore in FY2005.
- 04Apparel was 9.6% of India's exports in FY2004.
Risks · 5
- 01Its largest buyer gave 49.05% of operating revenue in FY2005, and its top five 70.83%.
- 02Total income fell from Rs 178.45 crore in FY2003 to Rs 155.67 crore in FY2004.
- 03Cotton yarn, its largest cost, came from outside suppliers; total borrowing was Rs 74.99 crore.
- 04Garment exports bring currency risk; profit was only Rs 4.64 crore in FY2003.
- 05Promoter group holding fell from 93.86% before the issue to 64.73% after it.
Three years of numbers
All figures in ₹ crore, as reported in the SPL Industries offer document.
| Metric | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 197.05 | 149.39 | 145.08 |
| Total Income | 203.44 | 155.67 | 178.45 |
| Profit After Tax | 11.92 | 4.35 | 4.64 |
| NET Worth | 83.25 | 71.34 | 67.15 |
| Reserves and Surplus | 63.25 | 61.34 | 57.15 |
| Total Borrowing | 74.99 | - | 47.04 |
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 SPL Industries RHP.
Where the money goes
₹45.98 Cr of the issue is earmarked to named objects.
About the company
It makes knitted fabrics and garments such as T-shirts, polo shirts and sweatshirts, mostly for export.
It depends on outside suppliers for cotton yarn, its largest raw material cost. Its largest buyer gave 49.05% of operating revenue in FY2005 and its top five buyers 70.83%.
The IPO was Rs 63 crore and was entirely a fresh issue at Rs 70, the top of the Rs 60 to Rs 70 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.
SPL Industries 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.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
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 SPL Industries?
The current Grey Market Premium is ₹0.
What is the SPL Industries IPO price band?
₹60 to ₹70, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 July 2005, with listing on 26 July 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.
