C P S Shapers IPO opens tomorrow, check GMP, key dates to price band

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₹185 per equity share of face value of ₹10 each. Bids can be made for a minimum of 600 equity shares and in multiples of 600 equity shares thereafter. C P S Shapers SME IPO's issue price is 18.5 times of the face value of the equity shares, according to Red herring prospectus (RHP).

C P S Shapers IPO consists of fresh issue of 6,00,000 equity shares aggregating to ₹11.10 crore. There's no offer for sale (OFS) component. According to the company's Red Herring Prospectus (RHP), they plan to use the gross proceeds to upgrade their existing IT software at their existing manufacturing facility and registered office, buy plant and machinery for their existing manufacturing facility, buy a commercial vehicle, fund capital expenditures for the purchase of a solar power system by our company, and repay or prepay, in full or in part, borrowings that their company has accessed.

C P S Shapers IPO's basis of allotment of shares will be finalised on Tuesday, September 5 and the company will initiate refunds on Wednesday, September 6, while the shares will be credited to the demat account of allottees on Thursday, September 7. C P S Shapers share price is likely to be listed on NSE SME on Friday, September 8. The promoters of the company are Abhishek Kamal Kumar and Rajendra Kumar.

C P S Shapers SME IPO's lead manager is Shreni Shares Ltd, and the registrar is Bigshare Services Private Ltd. According to RHP, the listed industry peers of the company are Page Industries Ltd, Lux Industries Ltd, Dollar Industries Ltd, K.P.R Mill Ltd, and Arvind Ltd. Also Read: Sungarner Energies IPO allotment finalised: Latest GMP, here's how to check allotment status On an FY23 basis, C P S Shapers Ltd is available at a PE of 11.28x.