Incorporated in 2011, Gujarat Hy-Spin Limited is Rajkot Gujarat based company engaged in manufacturing of cotton yarns. Company started with trading of Cotton Bales, Cotton Seeds and Wash Oil and in 2013 moved to manufacturing of cotton yarns mainly in domestic market and third party exports.
Company sell cotton yarns to the traders who further sell it to other Industrial units for weaving and other purposes. Company also sells directly to Industrial units for weaving purpose. Company's manufacturing plant is spread 15381.28 square meters which is well equipped with plant and machinery such as Blow room, Humidification facility, Contamination sorter, Link Conner etc.
The Promoters of the Company are Maganlal Parvadiya and Chandulal Parvadia. The Promoters collectively hold in aggregate 92,30,660 Equity Shares representing 55.11% of the pre-offer Paid up share capital of our Company and will continue to hold a majority of post-Offer paid up share capital of the Company.
The Objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the offer for sale of 44,50,000 Equity shares by the Selling Shareholders.
»» Issue Open: Jan 25, 2018 - Jan 31, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 4,450,000 Equity Shares of Rs 10 aggregating up to Rs 4.45 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 10 Per Equity Share
»» Market Lot: 10000 Shares
»» Minimum Order Quantity: 10000 Shares
»» Listing At: BSE SME
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