Gujarat Hy-Spin Limited IPO

Add to Calendar 2018-01-25 12:00 AM 2018-01-31 12:00 AM Asia/Kolkata Gujarat Hy-Spin Limited IPO Gujarat Hy-Spin Limited India

Introduction: Gujarat Hy-Spin Limited is involved in the business of   trading of cotton bales, cotton seeds and wash oil. Of late it has started manufacturing of cotton yarns predominantly for domestic market and third party exports.  Company’s promoters were cotton farmers and started activity of cotton ginning, pressing and oil in a partnership firm. Substantial knowledge of the promoters regarding cotton business have facilitated the company to achieve a turnover of 50 crores in a very short span of time.  

Date of Establishment :   Company was established  in the year 1994 and is based out of  Rajkot, India

Product & Service Offering : Cotton bales, cotton seeds, wash oil and cotton yarn are the key product offerings by the company

Customer Segment: Company has both direct and indirect customers. In indirect trading company sells cotton yarns to the traders who further sell it to other Industrial units. In direct trading company sells its products directly to Industrial units for weaving activities.

Promoters of Gujarat Hy-Spin Limited :  Company is promoted by  Maganlal Parvadiya and Chandulal Parvadia. Promoters hold 92,30,660 Equity Shares(representing 55.11% of the pre-offer Paid up share capital of the Company)

Objects of the Issue: The key objective of the issue is to leverage the benefits which can be garnered by  listing the Equity Shares on the Stock Exchanges and for selling  44,50,000 Equity shares to  Shareholders. 

Company Financials:

Summary of financial Information (Consolidated)

Particulars

For the year/period ended (in Rs. million)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

593.4

616.1

565.9

605.9

50.5

 

Total Revenue

520.4

518.9

521.2

124.2

18.9

 

Profit After Tax

1.46

0.362

-3.42

-1.45

0.88

 

Issue Detail

  • Issue Open: Jan 25, 2018
  • Issue Close: Jan 31, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 10 Per Equity Share
  • Bid Lot:10000 Shares
  • Minimum Order Quantity:10000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 4.45 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 2,110,000 2,110,000 - 230,000 4,450,000
Day 1 - Jan 25, 2018IST 0 0 750,000 - - 750,000
Day 2 - Jan 29, 2018IST 0 1,400,000 5,450,000 - - 6,850,000
Day 3 - Jan 30, 2018IST 0 3,180,000 7,400,000 - - 10,580,000
Day 4 - Jan 31, 2018IST 0 3,990,000 16,310,000 - - 20,300,000

Listing Day Trading Information

- BSE NSE
Issue Price Rs 10.00 -
Open Rs 10.35 -
Low Rs 10.00 -
High Rs 11.90 -
Last Trade Rs 10.81 -
Volume 4,540,000 -

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