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

Jan 25, 2018 - Jan 31, 2018

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.

Company Promoters:

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.

Objects of the Issue:

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 Detail:

  »»  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

Gujarat Hy-Spin IPO Reviews / Recommendations:

Dilip Davda - Subscribe for Long Term

 

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved02,110,0002,110,000230,0004,450,000
Day 1 - Jan 25, 2018 17:00 IST00750,000-750,000
Day 2 - Jan 29, 2018 17:00 IST01,400,0005,450,000-6,850,000
Day 3 - Jan 30, 2018 17:00 IST03,180,0007,400,000-10,580,000
Day 4 - Jan 31, 2018 17:00 IST03,990,00016,310,000-20,300,000

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 Date

  •   ›  Listing Date: Thursday, February 8, 2018
  •   ›  BSE Script Code: 540938
  •   ›  NSE Symbol:
  •   ›  Listing In: M
  •   ›  ISIN: INE578V01013
  •   ›  Issue Price: Rs 10 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 10.00
Rs 10.35
Rs 10.00
Rs 11.90
Rs 10.81
4,540,000

Gujarat Hy-Spin IPO News Alerts

  1. Thursday, February 8, 2018 12:00:00 AM
    Gujarat Hy-Spin IPO Listing Date & Info
  2. Wednesday, January 31, 2018 12:00:00 AM
    Gujarat Hy-Spin IPO - Close
  3. Thursday, January 25, 2018 12:00:00 AM
    Gujarat Hy-Spin IPO - Open

Company Contact Information

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

Gujarat Hy-Spin IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Gujarat Hy-Spin IPO Lead Manager(s)

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Gujarat Hy-Spin IPO Review / Comments

avatar
16. IpoNewbie  Feb 9, 2018 9:31:25 AM IST I Like It. | Report Abuse Reply
Got message of receiving 10000 via Corporate Action but not reflecting in iCICI demat account.
Please Help!
avatar
15. A L  Feb 8, 2018 1:40:56 PM IST I Like It. | Report Abuse Reply
Current price 11.9
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14. IPOBeginner  Feb 8, 2018 9:16:40 AM IST I Like It. | Report Abuse Reply
Listed @ 10
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14.1. SecTheta  Feb 8, 2018 10:02:09 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
It''s already 7% up!
IMO it should be closed at UC as HUGE buyers and very low sellers.
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13. PJN  Feb 7, 2018 2:23:23 PM IST I Like It. | Report Abuse Reply
KITNA PROFIT /LOSS HAI
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12. Analyst. Ipo  Feb 6, 2018 8:07:24 PM IST I Like It. | Report Abuse Reply
Paantmonth last 10ipo listed positive and hit rate is quite high.. That''s the only factor of positive listing and hope.
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11. Analyst. Ipo  Feb 5, 2018 9:24:18 PM IST I Like It. 1 | Report Abuse Reply
Allotment is out..
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10. DAGA  Feb 5, 2018 8:25:23 PM IST I Like It. 1 | Report Abuse Reply
Allotment just out
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9. Hiteshji  Feb 4, 2018 3:14:16 PM IST I Like It. | Report Abuse Reply
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.
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8. m patel  Jan 31, 2018 10:58:20 PM IST I Like It. | Report Abuse Reply
possible 1 UC
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8.4. Analyst. Ipo  Feb 1, 2018 3:03:04 PM IST I Like It. 2 | Report Abuse
2 UC now.. Tax rate reduction of 25% and new textile sopes.
avatar
8.5. SecTheta  Feb 1, 2018 4:12:59 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Seems possible as issue size is very low...let''s see..
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7. SecTheta  Jan 31, 2018 5:36:29 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Final Figures at 5:30 PM:

HNI: 1.79X
Retail: 7.33X
Total: 4.56X
avatar
7.4. SecTheta  Jan 31, 2018 10:44:02 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
I agree with Umang. Now a days every second SME is coming with ridiculously high valuations. Better to stay away!
avatar
7.5. Analyst. Ipo  Feb 1, 2018 12:20:43 AM IST I Like It. | Report Abuse
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.
avatar
6. Analyst. Ipo  Jan 31, 2018 12:43:35 PM IST I Like It. | Report Abuse Reply
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.
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5. S Patel  Jan 30, 2018 4:16:11 PM IST I Like It. 2 | Report Abuse Reply
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4. SekharG  Jan 23, 2018 9:36:49 AM IST I Like It. 1 | Report Abuse Reply
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."
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4.5. SecTheta  Jan 29, 2018 12:41:11 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
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. :)
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4.6. Johny  Jan 29, 2018 1:09:33 PM IST I Like It. | Report Abuse
@SecTheta Thank you very much
avatar
3. SecTheta  Jan 23, 2018 9:58:27 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Highly priced issue. Nothing left for Investors! Bad pricing ...
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3.1. coolaks  Jan 24, 2018 10:31:47 AM IST I Like It. 1 | Report Abuse
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?
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3.2. SecTheta  Jan 25, 2018 4:40:19 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
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.
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2. PRIYAD  Jan 22, 2018 1:46:14 PM IST I Like It. | Report Abuse Reply
it is good SME to apply for IPO please suggest,
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2.1. JUSTIN  Jan 24, 2018 4:55:50 PM IST I Like It. 1 | Report Abuse
It will trade 1-5 after listing within 6 month.
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1. NPP  Jan 19, 2018 11:04:57 AM IST I Like It. | Report Abuse Reply
Good issue for long term investors ..
Listing gain not sure,
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17.1. JUSTIN  Jan 19, 2018 10:02:20 PM IST I Like It. 1 | Report Abuse
This is Not good company. don''t apply this ipo.
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