Subham Polyspin Limited is engaged in the business of producing the fine quality of Polypropylene Multifilament yarn. The Overall production of the company is 250/MT.
Date of Incorporation: The company was incorporated as ‘Shubham Polyspin Private Limited’ on 12th March 2012 at Ahmedabad. It was subsequently converted to the public limited company ‘Shubham Polyspin Limited’ on 24th July 2018.
Promoters of Subham Polyspin Limited: Mr Anil Somani, Mr Ankit Somani, and Mr Akshay Somani are the promoters of Subham Polyspin Limited.
Products and Services Offering: The company produces a variety of Multifilament yarns under its brand name ‘Shublon’ that consists of:
- Polypropylene Multifilament Yarn (Twisted and air intermingled yarn)
- Shubhlon Bag Closing Threads
- PP Webbings & Narrow Woven Fabrics
Customer Segments: The company has its Domestic Clientele spread across the states of Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra. While its Internation Clientele is spread across the countries including Belgium, Uganda, Zimbabwe, Africa, Turkey, Nigeria, Tanzania, and Madagascar.
Objectives of Subham Polyspin Limited IPO: The core objectives of Subham Polyspin Limited IPO are:
- Modernization of Plant and Machineries, Building and Electrification.
- Working Capital Needs
- General Corporate Expenses
- Public Issue Expenses
- Expanding New Products
Company Financials:
Summary of Financial Information (Restated) | |||||
Particulars | For the year/period ended (in Rs. Lakhs) | ||||
31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
Total Assets | 1,783.70 | 2,029.45 | 1,447.05 | 789.88 | 758.51 |
Total Revenue | 2,827.00 | 1,771.19 | 1,540.45 | 1,345.57 | 626.13 |
Profit After Tax | 148.15 | 21.58 | 24.81 | 20.47 | 2.18 |
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