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Sudar Industries Ltd.

IPO Details
  • Issue Type Book building
  • Price range Rs.72-77
  • Market Lot 81
  • Total Equity Shares 9088000
  • Face Value Rs. 10
  • Listing Date Mar 11, 2011
IPO Timeline
Opening date Feb 21, 2011
Closing date Feb 24, 2011
Listing Date Mar 11, 2011

IPO Details

Our promoter, Mr. Murugan Muthiah Thevar has been associated with the apparel manufacturing businesssince 1992. Initially, Mr. Murugan Muthiah Thevar commenced business of manufacturing of readymadegarments on job work basis for the exporters through a proprietary concern named ‘Sudar Garments’ Overa period of time due to expansion of the customer base, increase in demand for readymade garments, and togain advantage of having all the outsourced activity under one umbrella, restructuring of the business wascarried out. Accordingly, on January 28 2002, Sudar Garments Private Limited was incorporated under theCompanies Act, 1956. The company is engaged in the manufacturing of garments for Men wear, Womenwear and Kids wear.Until 2006-07, our company had a small manufacturing set up, having 150 Sewing Machines and othersupporting machines, under which each and every worker undertook independently the manufacturing of agarment. In order to bring efficiency into manufacturing, we undertook an expansion plan in the year 2007-08 and our capacity was enhanced to 5 Lacs garments by installing 150 Sewing Machines along with fewspecialized supporting machines. We introduced an assembly line approach for producing garments as isused by large apparel manufacturers. This greatly enhanced the company’s capacity to take on large orders.During the year 2008-09, our capacity was enhanced to 8 Lacs garments by installing 180 SewingMachines and during the year 2009-10, our capacity further enhanced to 20 Lacs garments by installing 116Sewing Machines along with other balancing automatic specialized machines.Our company specializes in shirts, trousers and wide range of other apparel. Our company functions as anintegrated apparel manufacturer with the capability of designing and manufacturing involving cutting, bodystitching, washing, ironing and finishing.Our company has its own manufacturing setup at Khalapur Taluka, Raigad District, Maharashtra with abuilt-up area of about, 29,626.30 Sq. Mtr. having a combined capacity of producing 1,66,667 pieces ofshirts, dress, pants tops, skirts, and denims per month. This unit caters to the requirement of Whole Sellersas well as own branded products through retail distribution network such as Malls and Multi BrandedOutlets. The company is presently manufacture under its own brand name “Glory to Glory” and will belaunching shortly two more brands namely ‘St. Paul’ and ‘Majesty’. We have selling agents in South Indiafor our existing brand ‘Glory to Glory’ and are rapidly consolidating our network.

Promoters

Prmoters Name
Prmoters Holdings

Registrar

Data not availble

Lead Managers

Subscription Details

Field Description Field Value
Ipo Code 586
Total Equity 9088000

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 4544000
No of Shares Bid For Qualified Institutional Buyers 777438
Total No of Shares Bid For Qualified Institutional Buyers 0.17
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 777438
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 0
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 0
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 1363200
No of Shares Bid For Non-Institutional Buyers 6097518
Total No of Shares Bid For Non-Institutional Buyers 4.47
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 2499093
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 3339225
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 259200
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 3180800
No of Shares Bid For Retail Individual Investor 7236216
Total No of Shares Bid For Retail Individual Investor 2.27
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 6745761
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 490455
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 0
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 0
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 0
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 9088000
No of Shares Bid For All 14111172
Total 1.55