SP Apparels IPO
SP Apparels is a leading manufacturer and exporter of knitted garments for infants and children in India. These products are manufactured at the company’s 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’.
SP Apparels’ export business for knitted garments for infants and children constitute a significant portion of its business with nearly 86.13%, 84.62% and 79.84% of its total revenues for the FY2016, 2015 and 2014, respectively, were generated by this business line. The company’s international customers include TESCO and Primark.
The company also manufactures and retails menswear garments in India under the brand ‘Crocodile’ through a sub-license. Nearly 6.43%, 3.39% and 3.35% of its total revenues for the FY2016, 2015 and 2014, respectively were generated by the retail business.
SP Apparels operates 21 manufacturing facilities, all within 125 kilometers of its registered office.