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)


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






Total Assets






Total Revenue






Profit After Tax






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

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 -

Shubham Polyspin Limited Red Herring Prospectus

Shubham Polyspin Limited User Rating


Shubham Polyspin Limited Life IPO Reviews

Shubham Polyspin Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker


Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us