New Delhi: Garment maker SP Apparels, which concluded its initial public offering (IPO) earlier this month, will make its stock market debut tomorrow. SP Apparels’ IPO was oversubscribed nearly three times during August 2-4. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.21 times, while non-institutional investors 5.10 times, as per NSE … Read More →
SP Apparels’ IPO was oversubscribed nearly three times SP Apparels shares jumped nearly 8 per cent to Rs. 288.75 on its market debut, against the issue price of Rs. 268. The garment maker’s IPO was oversubscribed nearly three times during August 2-4. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.21 times, … Read More →
SP Apparels (SPAL), a company engaged in the business of manufacturing and sale of knitted clothes for infants and children (through its garments division), caters solely to the exports markets. The company’s retail segment exclusively manufactures and sells ‘Crocodile’ branded menswear garments in India through Crocodile Products (CPPL). Barring a miniscule increase in operating profits, SPAL’s … Read More →