SP Apparels debuted at Rs 305 on the BSE, up by 37 points or 13.81% from its issue price of Rs 268.
The scrip is currently trading at Rs 289.75, up by 21.75 points or 8.12% from its issue price. It has touched a high and low of Rs 305.00 and Rs 289.75 respectively. So far, 2,13,000 shares were traded on the counter.
The issue, which was open for subscription between August 2 and August 4, was subscribed 2.65 times. The issue price was fixed at Rs 268 per share i.e. at upper end of price band of Rs 258-268 apiece.
The company is a leading manufacturer and exporter of knitted garments for infants and children in India. These are manufactured at its integrated facilities that allow it to provide end-to-end garment manufacturing services from greige fabric to finished products. The company also manufactures and retails menswear garments in India under the brand ‘Crocodile’.
