FREE Account Opening + No Clearing Fees
Loading...

Gujarat Hy-Spin Limited IPO (Gujarat Hy-Spin IPO) Detail

January 25, 2018 - January 31, 2018

Gujarat Hy-Spin IPO is a fixed price issue of Rs 4.45 crores.

Gujarat Hy-Spin IPO bidding started from January 25, 2018 and ended on January 31, 2018. The shares got listed on BSE SME on February 8, 2018.

Gujarat Hy-Spin IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Gujarat Hy-Spin IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Gujarat Hy-Spin IPO DRHP for detailed information.

Gujarat Hy-Spin IPO Details

IPO Date January 25, 2018 to January 31, 2018
Listing Date February 8, 2018
Face Value ₹10 per share
Price ₹10 per share
Lot Size 10000 Shares
Total Issue Size4,450,000 shares
(aggregating up to ₹4.45 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion230,000 shares

Gujarat Hy-Spin IPO Reservation

Gujarat Hy-Spin IPO offers 4,680,000 shares. 2,110,000 (45.09%) to NII, 2,110,000 (45.09%) to RII.

<>
Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered230,000 (4.91%)
Other Shares Offered2,110,000 (45.09%)
Retail Shares Offered2,110,000 (45.09%)
Other Shares Offered230,000 (4.91%)
Total Shares Offered4,680,000 (100%)

Gujarat Hy-Spin IPO Lot Size

Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 10000 ₹100,000
Retail (Max) 2 20000 ₹200,000
Lot Size Calculator

About Gujarat Hy-Spin Limited

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.

Objects of the Issue (Gujarat Hy-Spin IPO Objectives)

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.

Gujarat Hy-Spin IPO Review (May apply)

[Dilip Davda]  

Investment in this at par issue may be considered for long term only.

Read detail review...


Gujarat Hy-Spin IPO Subscription Status (Bidding Detail)

The Gujarat Hy-Spin IPO is subscribed 4.81 times on January 31, 2018 5:00:00 PM. The public issue subscribed 7.73 times in the retail category, times in the QIB category, and 1.89 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.89
Retail7.73
Total4.81

Gujarat Hy-Spin IPO Prospectus

Gujarat Hy-Spin IPO Rating

82
3.9
Rating:Rated 3.9 stars
Vote Here ...

Gujarat Hy-Spin IPO Listing Details

Listing Date February 8, 2018
BSE Script Code 540938
NSE Symbol
ISIN INE578V01013
Final Issue Price ₹10 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹10.35
₹10.00
₹11.90
₹10.81

Check IPO Performance…

Gujarat Hy-Spin Limited Contact Details

Gujarat Hy-Spin Limited
P. O. Box No. 22,
Gundala Road,
Gondal, Rajkot 360311
Phone: 02825-297170
Email: cs@gujarathyspin.com
Website: http://www.gujarathyspin.com/

Gujarat Hy-Spin IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Gujarat Hy-Spin IPO - Buy or Not

Gujarat Hy-Spin IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Gujarat Hy-Spin IPO FAQs

Gujarat Hy-Spin IPO is a SME IPO of 4,450,000 equity shares of the face value of ₹10 aggregating up to ₹4.45 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.

The IPO opens on January 25, 2018, and closes on January 31, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Gujarat Hy-Spin IPO opens on January 25, 2018 and closes on January 31, 2018.

Gujarat Hy-Spin IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.

You can apply in Gujarat Hy-Spin IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gujarat Hy-Spin IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gujarat Hy-Spin IPO allotment status.

The Gujarat Hy-Spin IPO listing date is on February 8, 2018.
Open an Instant Account with Zerodha

Gujarat Hy-Spin IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

Loading...

37 Comments

16. IpoNewbie |   Link |  Bookmark |February 9, 2018 8:31:25 AM
Got message of receiving 10000 via Corporate Action but not reflecting in iCICI demat account.
Please Help!
15. A L |   Link |  Bookmark |February 8, 2018 12:40:56 PM
Current price 11.9
14. IPOBeginner |   Link |  Bookmark |February 8, 2018 8:16:40 AM
Listed @ 10
14.1. SecTheta |   Link |  Bookmark |February 8, 2018 9:02:09 AM
It''s already 7% up!
IMO it should be closed at UC as HUGE buyers and very low sellers.
13. PJN |   Link |  Bookmark |February 7, 2018 1:23:23 PM
KITNA PROFIT /LOSS HAI
12. Analyst. Ipo |   Link |  Bookmark |February 6, 2018 7:07:24 PM
Paantmonth last 10ipo listed positive and hit rate is quite high.. That''s the only factor of positive listing and hope.
11. Analyst. Ipo |   Link |  Bookmark |February 5, 2018 8:24:18 PM
Allotment is out..
10. DAGA |   Link |  Bookmark |February 5, 2018 7:25:23 PM
Allotment just out
9. Hiteshji |   Link |  Bookmark |February 4, 2018 2:14:16 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Beware of investing in sme ipo now days, as market is cracking and may all issue listing below cost. So it is better to do wait and watch strategy and safe your money.
8. m patel |   Link |  Bookmark |January 31, 2018 9:58:20 PM
possible 1 UC
8.4. Analyst. Ipo |   Link |  Bookmark |February 1, 2018 2:03:04 PM
2 UC now.. Tax rate reduction of 25% and new textile sopes.
8.5. SecTheta |   Link |  Bookmark |February 1, 2018 3:12:59 PM
Seems possible as issue size is very low...let''s see..
7. SecTheta |   Link |  Bookmark |January 31, 2018 4:36:29 PM
Final Figures at 5:30 PM:

HNI: 1.79X
Retail: 7.33X
Total: 4.56X
7.4. SecTheta |   Link |  Bookmark |January 31, 2018 9:44:02 PM
I agree with Umang. Now a days every second SME is coming with ridiculously high valuations. Better to stay away!
7.5. Analyst. Ipo |   Link |  Bookmark |January 31, 2018 11:20:43 PM
Umang,let me understand your point..How its stretch valuation? No one can offer shares below par value..NAV and book value of the company is 11.36. Company valution always more than NAV.I expect atleast 14 rs price for this IPO. Now on subscription side people only see grey market premium which was certain miss from promotor as its fpo and no money going to company or promotors.
6. Analyst. Ipo |   Link |  Bookmark |January 31, 2018 11:43:35 AM
This is one of the best priced Ipo. SKS asked 150rs premium on top line of 150 cr.while Guj hi spin has consistent 50cr top line so valuation is good and room for investors on listing.
5. S Patel |   Link |  Bookmark |January 30, 2018 3:16:11 PM
Check Latest Subscription
http://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_FPO.aspx?Scripcode=3596
4. SekharG |   Link |  Bookmark |January 23, 2018 8:36:49 AM
Review by Dilip Sir, Recommended for subscription.
But Review comment looks not supporting this. "If we annualize latest earnings and attribute it on post issue equity, then asking price is at a P/E of around 50 thus even at par value, it is not a worthy bet. Peers are trading in the P/E range of 6 to 44."
4.5. SecTheta |   Link |  Bookmark |January 29, 2018 11:41:11 AM
I will apply on last day after checking subscription figures (demand). Lot of other good IPOs are there => Vasa, Focus etc. I will give preference to them. :)
4.6. Johny |   Link |  Bookmark |January 29, 2018 12:09:33 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
@SecTheta Thank you very much
3. SecTheta |   Link |  Bookmark |January 23, 2018 8:58:27 PM
Highly priced issue. Nothing left for Investors! Bad pricing ...
3.1. coolaks |   Link |  Bookmark |January 24, 2018 9:31:47 AM
Hi Sectheta P/E is very expensive only positive is Panthomath is the lead manager.
What do you think will there be any listing gains?
3.2. SecTheta |   Link |  Bookmark |January 25, 2018 3:40:19 PM
Pantomath is there my friend but they can''t manage everything. Logically , it shouldn''t go -ve but it shouldn''t go too positive as well. Better to try something which is better... VASA OR FOCUS IPO you can try. If you get allotment then minimum 2 UCs are confirmed.
2. PRIYAD |   Link |  Bookmark |January 22, 2018 12:46:14 PM
it is good SME to apply for IPO please suggest,
2.1. JUSTIN |   Link |  Bookmark |January 24, 2018 3:55:50 PM
It will trade 1-5 after listing within 6 month.
1. NPP |   Link |  Bookmark |January 19, 2018 10:04:57 AM
Good issue for long term investors ..
Listing gain not sure,
1.1. JUSTIN |   Link |  Bookmark |January 19, 2018 9:02:20 PM
This is Not good company. don''t apply this ipo.