Shubham Polyspin IPO

Shubham Polyspin IPOShubham Polyspin IPO Description - Shubham Polyspin is into the production of polypropylene multifilament yarn. In 2013, the company installed Spin Draw Wind Line Machinery from Lohia Corp having monthly capacity of 50 MT. Spin-Draw-Wind Lines for polypropylene multifilament yarn offer compact and flexible solutions for varied applications. The company had taken premises admeasuring approx 4800 Square feet area at Block no. 95/3, Shed No. C2 & C3, Trimul Industrial Estate, Vadsar Village, Gandhinagar, on rental basis.

Following strong demand of its products in the market, the company added one more plant in the month of May 2014 of similar capacity of 50 MT/ per month thus aggregating to 100 MT/ per month. Backed with increased production capacity and an experienced marketing team, the company expanded its sales to nearby states like Rajasthan, Madhya Pradesh & Maharashtra and also ventured in Export Markets.

In May 2015, the company acquired land for an integrated production facility at Village Borisana (Taluka-Kadi) admeasuring area of 5009 sq. mtrs. The land purchased was later developed by constructing a Factory Shed admeasuring approximated 2800.00 sq.mtrs. along with Staff Quarters and Administrative Building. The company further added two more Spin Draw Line Machines from Lohia Corp Ltd, hence increasing the total capacity of the company to 200 MT per month. Old plants from rented premises were shifted to the new production site and all the 4 plants were fully operational by August 2016.

Promoters of Shubham Polyspin – Mr Anil Somani, Mr Ankit Somani and Mr Akshay Somani
Shubham Polyspin IPO details
Subscription Dates 28 September - 4 October 2018
IPO Price band INR40 per share
Fresh issue 1,500,000 shares (INR6 crore)
Offer for sale Nil
Total IPO size 1,500,000 shares (INR6 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Modernization of Plant and Machineries, Building and Electrification - INR1.72 crore
  • Working Capital Requirements - INR2.70 crore
  • General Corporate Purpose - INR0.70 crore
  • Developing New Products - INR0.07 crore
  • Issue Expenses - INR0.80 crore
Shubham Polyspin's financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 6.26 13.55 15.40 17.71 28.27
Total expenses 6.23 13.25 15.04 17.38 26.50
Profit after tax 0.02 0.20 0.25 0.22 1.48
Shubham Polyspin's Contact Details

Shubham Polyspin Limited
Block No. 748, Saket Industrial Estate, Nr. Kaneria Oil Mill, Jetpura- Basantpura Road
Village Borisana, Taluka Kadi
Mahesana, Gujarat – 382 728

Phone: +91 70431 24999
Email: compliance@shubhamgrp.co
Website: www.shubhamgrp.co

Shubham Polyspin IPO Subscription Details
Day Subscription (no. of times)
Day 1 1.06
Day 2 1.61
Day 3 1.87
Day 4 2.80

 

Shubham Polyspin Valuation (For FY2018)

Earnings Per Share (EPS): INR3.69

Price/Earnings (P/E) ratio: 10.84

Return on Net Worth (RONW): 24.03%

Net Asset Value (NAV): INR15.37 per share

Registrar of Shubham Polyspin IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: shubham.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Shubham Polyspin IPO Allotment Status

Shubham Polyspin IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Shubham Polyspin

IPO Opening Date: 28 September 2018

IPO Closing Date: 4 October 2018

Finalisation of Basis of Allotment: 9 October 2018

Initiation of refunds: 11 October 2018

Transfer of shares to demat accounts: 11 October 2018

Listing Date: 12 October 2018

Listing Price on BSE SME: INR41.8 per share (up 4.5% from IPO price)

Closing Price on BSE SME: INR43.85 per share (up 9.63% from IPO price)

Shubham Polyspin IPO
4 (80%) 3 votes

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