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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.
| IPO Opening Date | Jan 25, 2018 |
| IPO Closing Date | Jan 31, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 4,450,000 Eq Shares of ₹10 (aggregating up to ₹4.45 Cr) |
The Gujarat Hy-Spin IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
Investment in this at par issue may be considered for long term only.
Read detail review...The Gujarat Hy-Spin IPO is subscribed 4.81 times on 1/31/2018 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)
| Category | Subscription (times) |
|---|---|
| NII | 1.89 |
| Retail | 7.73 |
| Total | 4.81 |
| Listing Date | Thursday, February 8, 2018 |
| BSE Script Code | 540938 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE578V01013 |
| IPO Price | ₹10 per equity share |
| Face Value | ₹10 per equity share |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 equity share. The minimum order quantity is 10000 Shares.
The IPO opens on Jan 25, 2018, and closes on Jan 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 Jan 25, 2018 and closes on Jan 31, 2018.
Gujarat Hy-Spin IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
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, Edelweiss, 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.
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