CPS Shapers IPO: Shapewear Manufacturer’s 11.10 Crore IPO Subscription Begins August 29

Marking a significant development in the investment landscape, CPS Shapers, a leading manufacturer of shapewear, is poised to launch its Initial Public Offering (IPO) for subscription starting from August 29.

Prospective investors will have the window of opportunity to participate in this offering until August 31.

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The IPO, set at a fixed price of Rs 185 per share, is focused on new equity issuance, thereby excluding any Offer for Sale (OFS) component.

A total of 6 lakh shares are earmarked for sale in this IPO, with CPS Shapers aiming to raise Rs 11.10 crore through this funding initiative.

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Utilization of Raised Funds

The proceeds accrued from the fresh issue are earmarked for strategic purposes including the procurement of plant and machinery, acquisition of commercial vehicles, and investment in solar power systems.

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Furthermore, the company plans to channel funds towards upgrading existing IT software and servicing outstanding loans.

Additionally, the raised capital will cater to working capital needs and serve general corporate objectives.

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CPS Shapers, spearheaded by Abhishek Kamal Kumar and Rajendra Kumar, is renowned for its shapewear offerings under the brand names Dermawear and YDIS for both men and women.

Key IPO Details


CPS Shapers’ shares are slated to be listed on the NSE SME platform. The IPO’s lot size is defined at 600 shares, necessitating a minimum investment of Rs 111,000.

The issue is under the stewardship of Shreni Shares as the merchant banker, while BigShares Services will act as the designated registrar to the offering.


The allotment process for successful subscribers is scheduled for September 5, with refund initiation for unsuccessful applications commencing on September 6.

Successful applicants can expect share credits to their demat accounts by September 7, setting the stage for the company’s listing on September 8.

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Company Overview and Financial Snapshot

CPS Shapers has established a robust business presence across India, boasting a distribution network spanning 28 states and eight union territories.

The company’s export division further expands its reach, with products being supplied to international markets including Canada, Germany, Australia, the United Kingdom, and the United States of America in the current financial year.

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The financial performance of Maharashtra-based Dermawear Shapewear has remained impressive over the years.

In the fiscal year ending March 2023, the company recorded a remarkable 56.7 percent YoY increase in profits, amounting to Rs 2.46 crore.

Concurrently, the company’s revenue surged by 38 percent to Rs 36.8 crore compared to the previous year.

The EBITDA figure also witnessed substantial growth, escalating by 101.3 percent to reach Rs 4.81 crore during the same period.


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