CPS Shapers IPO Allotment Status and Latest GMP Details
The CPS Shapers IPO allotment date is drawing near, and investors are eager to know their share allotment status. In this article, we’ll guide you on how to check your CPS Shapers IPO allotment status, and we’ll also provide insights into the Grey Market Premium (GMP).
CPS Shapers IPO Allotment Status:
The CPS Shapers IPO share allotment will be finalized on Tuesday, September 5, and investors can check their allotment status through the registrar’s portal, Bigshare Services Pvt Ltd.
To check your CPS Shapers IPO allotment status, follow these simple steps:
Step 1: Login to the official Bigshare link: https://ipo.bigshareonline.com/ipo_status.html
Step 2: Select “CPS Shapers IPO” in the company name section.
Step 3: Choose one of the following options for identification: Application No/CAF No, Beneficiary ID, or PAN Number.
Step 4: Click on ‘Search.’
Your CPS Shapers IPO allotment status will be displayed on your screen, whether you’re using a computer or a mobile device.
CPS Shapers IPO GMP Today:
As of Tuesday, the CPS Shapers IPO Grey Market Premium stands at +125, consistent with the trend over the past four trading sessions. This indicates that CPS Shapers shares are trading at a premium of ₹125 in the grey market, as reported by topsharebrokers.com.
Considering the upper end of the IPO price band and the current GMP, the estimated listing price of CPS Shapers shares is ₹310 each, representing a substantial 67.57% increase over the IPO price of ₹185.
CPS Shapers IPO Details:
The CPS Shapers IPO comprises a fresh issue of 6,00,000 equity shares, amounting to ₹11.10 crore. There is no Offer for Sale (OFS) component. As outlined in the company’s Red Herring Prospectus (RHP), the funds raised from the IPO will be allocated for various purposes, including:
- Upgrading existing IT software at the manufacturing facility and registered office.
- Acquiring plant and machinery for the manufacturing facility.
- Purchasing a commercial vehicle.
- Funding capital expenditures for the purchase of a solar power system.
- Repaying or prepaying borrowings.
The promoters of CPS Shapers are Abhishek Kamal Kumar and Rajendra Kumar.
About CPS Shapers:
Founded in 2012, CPS Shapers Limited is a leading manufacturer of shapewear catering to both men and women. Our shapewear products are available under the brands Dermawear (Empowering Confidence) and YDIS (Your Dress Is Shapewear) and can be conveniently purchased through a wide range of online and offline retail channels.
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