CPS Shapers Limited

CPS Shapers SME IPO

CPS Shapers Limited

₹1,11,000 /600 sharesMinimum investment

IPO details

Minimum investment
₹1,11,000
Price range
₹185 - ₹185
Lot size
600
Issue size
11.10 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

29 Aug 2023
IPO open date
31 Aug 2023
IPO close date
4 Sep 2023
Allotment date
4 Sep 2023
Funds unblock or debit
8 Sep 2023
Tentative listing date

About

Incorporated in 2012, CPS Shapers specializes in the production of shapewear designed for both men and women. Their range includes products like V-Shapers, Saree Shapewear, Active Pants, and ShapeX Denim. Over the years, their product offerings have expanded as they ventured into new categories. In addition to the products mentioned above, their product lineup also comprises Mini Shapers, Sports Bras, All Mini Corsets, Tummy Reducers, Zenrik Shapewear, Slimmers, Active Pants, Denim, Masks, and various other shapewear items. CPS Shapers distributes its products both within the country and abroad. They operate a manufacturing facility in Meerut, along with two warehouses in Vasai, Maharashtra, and Tiruppur, Tamil Nadu. Additionally, they have a branch office in Tiruppur, Tamil Nadu, and a virtual office in Bengaluru.;
Founded in
2012
MD/CEO
Mr. Abhishek Kamal Kumar
Parent organisation
CPS Shapers Limited

CPS Shapers SME Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
14.3926.6836.81202120222023

Strengths & Risks

Strengths
Risks
The company's revenue from operations saw substantial growth over the years. In 2021, it amounted to Rs. 1,439.12 lakhs, followed by Rs. 2,668.35 lakhs in 2022 and Rs. 3,681.45 lakhs in 2023.
A portion of this revenue comes from exports, accounting for 2.36% in the year ending March 31, 2023. The company exports its products to five countries: Canada, Germany, Australia, the United Kingdom, and the United States of America.
The company has a widespread presence across India, operating through distributors and an online sales platform in 28 states and 8 Union territories as of March 31, 2023.
Additionally, the company maintains an extensive online network for product distribution. Its products are available on various online platforms such as Amazon, Ajio, Flipkart, Myntra, Nykaa Fashion, Nykaa Retail, Snapdeal, and its own website.
Over the years, the company has consistently expanded its product range, introducing new product categories to meet the evolving market demands.
The company's manufacturing centers are concentrated in a single area, and any inability to expand might harm its financial prospects and overall business.
The company lacks long-term agreements with material suppliers. Problems like increased costs or inadequate quality and supply of raw materials could damage its business.
A significant portion of the company’s revenue comes from the top 10 customers. Without long-term contracts with these customers, the company could suffer if they choose other sources. For the years ending in 2023, 2022, and 2021, the top 10 customers contributed about 72.03%, 73.86%, and 75.97% of revenue, respectively.
The company's business model is built on e-retail, without physical retail outlets.
A major revenue comes from one product, saree shapewear, contributing 42.37%, 39.00%, and 25.66% in 2023, 2022, and 2021 respectively.
The company experienced negative cash flows in previous years.
The company has outstanding short-term and long-term borrowings totaling Rs. 1,043.66 lakhs, Rs. 935.59 lakhs, and Rs. 947.57 lakhs as of March 31, 2023, 2022, and 2021.
The company’s group companies incurred losses in prior financial periods.

Application details

For CPS Shapers SME IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹185 - ₹185₹2 - ₹5 Lakhs600
High Networth Individual₹185 - ₹185₹2 - ₹5 Lakhs600

Frequently Asked Questions