Shubham Polyspin Limited IPO

Add to Calendar 2018-09-28 12:00 AM 2018-10-04 12:00 AM Asia/Kolkata Shubham Polyspin Limited IPO Shubham Polyspin Limited India

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

Issue Detail

  • Issue Open: Sep 28, 2018
  • Issue Close: Oct 04, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 40 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 6.00 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 711,000 711,000 - - 1,422,000
Day 1 - Sep 28, 2018IST - 1.16x 1.08x - - 1.12x
Day 2 - Oct 01, 2018IST - 1.51x 1.89x - - 1.70x
Day 3 - Oct 03, 2018IST - 1.51x 2.44x - - 1.97x
Day 4 - Oct 04, 2018IST - 2.27x 3.64x - - 2.95x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 40.00 -
Open Rs 41.80 -
Low Rs 41.75 -
High Rs 43.85 -
Last Trade Rs 43.85 -
Volume 420,000 -

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