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Shekhawati Poly-Yarn Ltd IPO (Shekhawati IPO) Detail

December 27, 2010 - December 29, 2010

Shekhawati IPO is a fixed price issue of Rs 36.00 crores.

Shekhawati IPO bidding started from December 27, 2010 and ended on December 29, 2010. The shares got listed on BSE, NSE on January 12, 2011.

Shekhawati IPO price is ₹30 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Hem Securities Limited is the book running lead manager of the Shekhawati IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.

Refer to Shekhawati IPO RHP for detailed information.

Shekhawati IPO Details

IPO Date December 27, 2010 to December 29, 2010
Listing Date January 12, 2011
Face Value ₹10 per share
Price ₹30 per share
Lot Size 200 Shares
Total Issue Size12,000,000 shares
(aggregating up to ₹36.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE, NSE

Shekhawati IPO Lot Size

Investors can bid for a minimum of 200 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) 1 200 ₹6,000
Retail (Max) 33 6600 ₹198,000
Lot Size Calculator

About Shekhawati Poly-Yarn Ltd

Incorporated in 1990, Shekhawati Poly-Yarn Ltd is a leading manufacturer of Polyester Texturised Yarn & Twisted Yarn.

Polyester Texturised Yarn (PTY) mainly used for manufacturing apparels i.e. suiting, shirting, dress materials, saris, hosiery, knitted fabric, zipper fastener, curtain & industrial cloth as also to manufacture fancy yarn for high value dress materials and upholstery. Polyester Texturised Yarn is obtained after further processing of POY.

Presently, Shekhawati has 20 Texturising Machines with an installed capacity of 13,200 MTPA to produce PTY. It also has installed 5 TFO machines to produce Twisted Yarn with installed capacity of 600 MTPA. Company has implemented an integrated facility at Silvassa for manufacturing PTY with a total project cost of Rs. 40.15 Crores. Under this Company has established Yarn Texturising Facility of 14200 MTPA with 20 Texturising Machines.

SPYL has client base in Mumbai, Bhiwandi, Surat, Ludhiana, Secunderabad, Meerut, Panipat, Delhi, Bhilwara, Erode, Salem, Coimbatore, Ichalkaranji, Malegaon and Calcutta markets. Shekhawati's manufacturing units is located at Silvassa, which is near to Bhiwandi and Surat, the major consumption centres of Texturised Yarn.

Company Financials

ParticularsFor the year/period ended (in Rs. Lacs)
30-Sep-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income5,996.318,951.047,751.113,396.261,788.08941.80
Profit After Tax (PAT)157.51220.89125.5657.8110.5913.11

Objects of the Issue (Shekhawati IPO Objectives)

The objects of the Issue are:

1. To acquire additional new 30 Twisting Machines and installation of new 30 Knitting Machines;
2. To acquire Corporate office at an estimated cost of Rs. 325.00 lacs;
3. To meet working capital requirements;
4. To meet the Issue expenses; and
5. To get the Equity Shares listed on BSE.

Shekhawati Poly-Yarn IPO Grading / Rating

CARE Limited has assigned an IPO Grade 2 to Shekhawati Poly-Yarn Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Shekhawati Poly-Yarn Ltd.

Shekhawati Poly-Yarn Ltd IPO Tags:

Shekhawati Poly-Yarn Allotment, Shekhawati Poly-Yarn Ltd IPO Subscription, Shekhawati Poly-Yarn Retail Subscription, Shekhawati PolyYarn Listing, Shekhawati Poly-Yarn Ltd IPO, Shekhawati Poly-Yarn IPO,Shekhawati Poly-Yarn IPO Bidding, Shekhawati Poly-Yarn IPO Allotment Status, Shekhawati Poly-Yarn IPO drhp.

Shekhawati IPO Prospectus

Shekhawati IPO Rating

472
3.7
Rating:Rated 3.7 stars
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Shekhawati IPO Listing Details

Listing Date January 12, 2011
BSE Script Code 533301
NSE Symbol SPYL
ISIN INE268L01020
Final Issue Price ₹30 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹30.00
₹32.50
₹30.70
₹69.00
₹47.50
NSE
₹30.00
₹50.00
₹30.70
₹69.70
₹47.50

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Shekhawati Poly-Yarn Ltd Contact Details

Shekhawati Poly-Yarn Ltd
2, Anantwadi, Vaidya Bhawan,
1st Floor, Bhuleshwar,
Mumbai- 400 002
Phone: 91-22- 3256 7126
Email: ho@shekhawatiyarn.com
Website: http://www.shekhawatiyarn.com

Shekhawati IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606
Email: info@sharexindia.com
Website:

Shekhawati IPO - Buy or Not

Shekhawati IPO Recommendation Summary

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Shekhawati IPO FAQs

Shekhawati IPO is a main-board IPO of 12,000,000 equity shares of the face value of ₹10 aggregating up to ₹36.00 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200 Shares.

The IPO opens on December 27, 2010, and closes on December 29, 2010.

Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Shekhawati IPO opens on December 27, 2010 and closes on December 29, 2010.

Shekhawati IPO lot size is 200 Shares, and the minimum amount required is ₹6,000.

You can apply in Shekhawati 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 Shekhawati IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shekhawati IPO allotment status.

The Shekhawati IPO listing date is on January 12, 2011.
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Shekhawati IPO Message Board

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528 Comments

528. Bhavin Vashi |   Link |  Bookmark |January 20, 2011 12:35:01 PM
50% profit booking is advisable for short sale @ 111.50 as 110 looks hard to be breach. and then keep sl to cost
527. Ravi, Bangalore |   Link |  Bookmark |January 17, 2011 1:37:16 PM (300+ Posts)
POST-MORTEM

Shekhawati Poly-Yarn stock under scanner after huge volatility

http://www.business-standard.com/india/news/shekhawati-poly-yarn-stock-under-scanner-after-huge-volatility/421724/
526. IPO/STOCK GURO |   Link |  Bookmark |January 17, 2011 11:16:49 AM
Jin logo nay listing pay buy kiya ya ipo may hold kiya sell immediatly. 3rd class co.
525. VINITSONI |   Link |  Bookmark |January 17, 2011 7:00:25 AM
Tgt 20 rs
524. Durai Raj,Tirupur |   Link |  Bookmark |January 15, 2011 6:28:26 PM (300+ Posts)
@CLD,

There is an disadvantage in Angel it's nothing but they charge minimum charge of 30Rs per contract note(eg. If you trade in BSE and say you are in 1 paise rate so you have to trade for 3 lac in intraday or 30k in delivery so that your brokerage will be 30 so no problem and say if you trade for only 2 lac then they will charge 10 extra since your brokerage comes only to 20)

They had said like this but for me they did that only once in the last 6 months

Regards margin no problem, they give 20 times or even more.. (Eg. Say you had opened a/c with 1lac and holds shares worth 1 lac, even then you can do intraday for 1 lac or more, so no margin problem)
They allow intraday in All new listed shares

Then till now i had not experanced any problem...

I think i had made you clear...
523. Durai Raj,Tirupur |   Link |  Bookmark |January 15, 2011 12:28:26 PM (300+ Posts)
@CLD,

Actually they don't have any fixed charges and if you can bargain well the minimum charges can be even 0.005%(i.e 1/2 paise) for intraday and 0.05% (5 paise) for delivery
I heard this from the marketing executive working there and they will usually offer this for HNI's but you can get at 0.01% (1 paise) for intraday and 0.10% (10 paise) for delivery since your investment is at 1 lac.. (I opened an account for 80k and i got this brokerage).
The branch manager has the power to fix the brokerage so don't go by any sub-brokers because they usually charge higher because their profit sharing ratio is 60:40 so approach the branch directly and talk to BM(remember it should be a direct branch of Angel, should not be of sub-brokers)

You just bargain, saying that you already having account for lower brokerage and had came here to get it lower or say that your friend has has account for such lower brokerage then you will get it...

Don't give up, for increasing the brokerage by 1 paise even ok bargain as possible as you can and don't open a/c till you get the minimum ok...
522. CLD |   Link |  Bookmark |January 14, 2011 8:29:42 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@ Durai Raj,Tirupur
Thanks for response. please tell me angel brokerage charges for intraday & delivery in cash market. How much margin trading they allow for say one lakh deposit. Also do they allow intraday in IPOs till 3.30 pm on listing day. Have you ever experianced system failure in the opening & closing hour of the day which are crutial for intraday positioning.
521. SkDash |   Link |  Bookmark |January 14, 2011 4:11:05 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Can anybody tell me -

1. whether short selling is allowed for all equities even if it is nt covered under F&O
2. Brokerage for short selling will be as per intraday or delivery ?
3. whether short to be covered automatically like intraday or we have to cover the short specifically
4. Charges/ day for not covering the short
520. Ravi, Bangalore |   Link |  Bookmark |January 14, 2011 3:40:19 PM (300+ Posts)
528. Durai Raj,Tirupur

Intra-day traders start exiting after 3:00 p.m. It is my favourite time not only for IPOs, but also for any stocks.

I use Google Finance Chart for intra-day & End-of-the-Day (EOD) Chart in NSE website for positional. Using chart cuts your emotion. Putting stop-loss is the skill that comes by experience.

In case of network problem, call-up borker & square-off. I don't think it is great deterrant to stop trading after 3 O' clock.

Yesterday, I made 6,000 in 5 minutes in Deccan Chronical Futures. When you trade after 3:15 p.m. when you find white candles, risk-reward ratio is 1:3 due to short-covering particulary in falling market day.

Choosing counters which have discount in Futures is another favourite strategy to trade after 3:15 p.m. in case you find white candles after beating down heavily.
519. Durai Raj,Tirupur |   Link |  Bookmark |January 14, 2011 2:14:23 PM (300+ Posts)
@CLD

Your are correct my friend...
I mostly avoid trading after 3. And
I had not came across any such problem till now, and if i had any problem means i will do any of the following..
1. Angel offers mobile trading software so i will logon by it or
2. Will ring my friend, who works in angel office or
3. Call the dealer to place the trade..

I don't have to worry, because i have some good relationship with few people working in Angel so i can use anyone to place my order...

But most probably if i had any proble with my system, will use my mobile immediately so if you had an account with a brokering house, in which you know someone working there then no problem man...
518. Durai Raj,Tirupur |   Link |  Bookmark |January 14, 2011 2:01:58 PM (300+ Posts)
@Ravi, Bangalore

Sorry my friend, i don't know about sharekhan and Religare...
517. CLD |   Link |  Bookmark |January 14, 2011 1:49:59 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@ durai raj @ Ravi, Bangalore
It is highly risky to trade on such platform. your computer can get into problem or broker's investor link can get snapped etc. etc. It is stressful when your trade gets into auction mode since the outcome of the trade is only known after four days. It is also known that trades in auction mode are mostly disadvantageos to trader. How many times out of say 10 days of trading you have been trapped due to system problems. Is there any brokerage firm which allows trades upto 3.20 pm & after that the firm square off pending positions. I don't think peding positions are squared off automatic. It is done by brokerage firms for which they need some time before market closes. Please correct me if I am wrong.
516. Ravi, Bangalore |   Link |  Bookmark |January 14, 2011 10:57:11 AM (300+ Posts)
523. Durai Raj,Tirupur

Sharekhan, Religare.
515. kumarvin |   Link |  Bookmark |January 14, 2011 10:10:16 AM
@Sreedhar,

Please suggest on this stock. I purchased it at 49 and in a huge loss. any chances for recovery?
514. Durai Raj,Tirupur |   Link |  Bookmark |January 14, 2011 9:34:03 AM (300+ Posts)
@CLD,

I am using, Angel and they allow short sell even after 3 but i dis-advantage there is no automatic square-off in the system, so if you had forget to square off your intraday positions, the shares bought will be converted to delivery and sold will go to Auction, if you don't have in your account...
513. CLD |   Link |  Bookmark |January 14, 2011 8:56:26 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear Ravi, Bangalore
Dear
You could short SPYL at 64 & could gain some profits. As far as I know the stock was trading above 64 at 3.00 P.M. when most of brokerage houses stop intraday trading by investors from their terminals. As such investors could not short the stock after 3.00 pm when it started to fall. I want to know which brokerage platform are you using & how you could short it after 3 p.m. I had shorted at 62 hoping the script will come down but had to square up at 3 pm at 64.
512. KK Natarajan |   Link |  Bookmark |January 13, 2011 2:11:22 PM (500+ Posts)
The way markets behave, we are on the way to touch 5500 in the nifty it seems. Banking sector is under tremendous pressure. So far only IT sector was the saving grace. Now with Infosys announcing results not in line with the market expectations, where is the support going to come?
511. Ravi, Bangalore |   Link |  Bookmark |January 13, 2011 11:00:07 AM (300+ Posts)
514. KK Natarajan

I bought at 57 in afternoon that stop-loss hit at 57 itself (1000 shares). Then shorted at 64 x 500 shares when it was coming down from 69 & covered at 59 (57 was support).

Shorted 1000 shares when breached 53 & covered at 33.

These trades were done by watching intra-day chart given in NSE web-site. 33 target was found in Pivot Table (available in web-site).
510. gkc |   Link |  Bookmark |January 13, 2011 10:19:31 AM
Sreedhar, Could you please suggest few stocks including entry & exit price from secondary market.
Thanks in advance
509. SkDash |   Link |  Bookmark |January 13, 2011 8:25:58 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
SPY open at 38.05, offer vol @ 38.05- 1510k, bid vol- 0
@ 9.20 AM