Gujarat Hy-Spin IPO

Gujarat Hy-Spin IPOBusiness description - Gujarat Hy-Spin is engaged in manufacturing of cotton yarns. The company started with trading (including trading of products jobworked) of Cotton Bales, Cotton Seeds and Wash Oil and has now graduated to in manufacturing of cotton yarns mainly in domestic market and third party exports to some extent.

The company’s promoters – Maganlal Parvadiya and Chandulal Parvadia – were cotton farmers and started activity of cotton ginning, pressing and oil in a partnership firm. With their knowledge in varieties of cotton, the promoters have helped the company to achieve a turnover of over Rs. 50 Crores.

The company forayed into manufacturing of ring yarns in the year 2013. It sells cotton yarns to the traders who further sell it to other Industrial units for weaving and other purposes. It also sells directly to Industrial units for weaving purpose. Its manufacturing plant is spread 15381.28 square meters which is well equipped with plant and machinery such as Blow room, Humidification facility, Contamination sorter, Link Conner etc. The company also has test laboratory of Uster where the cotton yarns are tested.

Promoters of Gujarat Hy-Spin – Maganlal Parvadiya and Chandulal Parvadia
Gujarat Hy-Spin IPO details
Subscription Dates25 - 31 January 2018
IPO Price bandINR10 per share
Fresh issue Nil
Offer for sale 4,450,000 shares (INR4.45 crore)
Total IPO size4,450,000 shares (INR4.45 crore)
Minimum bid (lot size)10,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
Gujarat Hy-Spin's financial performance (in INR lakh)
 FY2013FY2014FY2015FY2016FY2017Q1 FY2018
Total revenue189.11,242.35,212.25,189.45,204.62,639.3
Total expenses181.71,263.25,261.75,184.25,182.92,614.6
Profit after tax8.9-14.5-34.23.614.617.1
Gujarat Hy-Spin Contact Details

Gujarat Hy-Spin Limited
P. O. Box No. 22
Gundala Road, Gondal
Rajkot-360311

Phone: +91 02825 297170
Email: [email protected]
Website: www.gujarathyspin.com

Gujarat Hy-Spin IPO Subscription Details
DaySubscription (no. of times)
Day 10.16
Day 21.53
Day 32.37
Day 44.56
  
Gujarat Hy-Spin Valuation (Latest FY)

Earnings Per Share (EPS): INR0.09

Price/Earnings (P/E) ratio: 114.42

Return on Net Worth (RONW): 0.81%

Net Asset Value (NAV): INR10.77 per share

Registrar of Gujarat Hy-Spin IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Gujarat Hy-Spin IPO Allotment Status

Gujarat Hy-Spin IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Gujarat Hy-Spin

IPO Opening Date: 25 January 2018

IPO Closing Date: 31 January 2018

Finalisation of Basis of Allotment: 6 February 2018

Initiation of refunds: 7 February 2018

Transfer of shares to demat accounts: 7 February 2018

Listing Date: 8 February 2018

Listing Price on BSE SME: INR10.35 per share (up 3.5% from IPO price)

Closing Price on BSE SME: INR10.81 per share (up 8.1% from IPO price)

2 thoughts on “Gujarat Hy-Spin IPO

  • January 25, 2018 at 12:58 PM
    Permalink

    2 Ways to do so Mr. Sheshadri

    1] Easiest Way — Check with your bank and in their ASBA-Demat section of their eServices site, you should have an IPO option. Therein you can see the list of IPO’s they offer and reviewing each, you can usually apply with varying bid amounts, although your chances of getting allotted given the irrational IPO mania in our current bull market, you are best off applying at the maximum cutoff price.

    2] Less easy way — If your bank does not offer the IPO, then you can apply directly via BSE site. Here –> http://www.bseindia.com/markets/PublicIssues/IPOIssues_new.aspx?expandable=9&id=1&Type=p
    All you need to do is click on the firm you want to apply in, select the option “Download Online Application Form”; then in the form that opens, choose ASBA, Non-Repatriation and fill in the rest as appropriate. CRITICAL — Remember to submit only 1 application. Else you will get duplication and that can become a reason for rejection.

    Note — In Option 1, when you apply thro bank, your full amount of 1 Laksh chillar will get debited immediately. Via Option 2, the amount gets deducted from your account only when you get an allotment.

    Hope the above clarifies. God luck and God bless you with your investments. May you and your family be blessed with wealth for a happy life.

    Reply
  • January 25, 2018 at 10:29 AM
    Permalink

    I am a retail investor. How to invest in SME shares?

    Reply

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