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.

Gujarat Hy-Spin IPO Details

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)

Gujarat Hy-Spin IPO Lot Size

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

Gujarat Hy-Spin IPO Subscription Status (Bidding Detail)

The Gujarat Hy-Spin IPO is subscribed 4.81x times on Jan 31, 2018 17:00. The public issue subscribed 7.73x in the retail category, in the QIB category, and 1.89x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	1.89x
RII	7.73x
Total	4.81x

Gujarat Hy-Spin IPO Prospectus

› Gujarat Hy-Spin IPO DRHP

Gujarat Hy-Spin IPO Rating

3.9

Rating:

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Gujarat Hy-Spin IPO Listing Date

Listing Date	Thursday, February 8, 2018
BSE Script Code	540938
NSE Symbol
Listing In	M
ISIN	INE578V01013
IPO Price	₹10 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹10.00
₹10.35
₹10.00
₹11.90
₹10.81
4,540,000

Gujarat Hy-Spin IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term

Company Contact Information

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Gujarat Hy-Spin IPO Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

Gujarat Hy-Spin IPO FAQs

What is Gujarat Hy-Spin IPO?

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.
When Gujarat Hy-Spin IPO will open?

The Gujarat Hy-Spin IPO opens on Jan 25, 2018 and closes on Jan 31, 2018.
What is the lot size of Gujarat Hy-Spin IPO?

Gujarat Hy-Spin IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
How to apply for Gujarat Hy-Spin IPO?

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.
When Gujarat Hy-Spin IPO allotment?

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.
When is Gujarat Hy-Spin IPO listing date?

The Gujarat Hy-Spin IPO listing date is on Thursday, February 8, 2018.

Gujarat Hy-Spin IPO Message Board

Ranked Members

16. IpoNewbie |Feb 9, 2018 09:31

Got message of receiving 10000 via Corporate Action but not reflecting in iCICI demat account.
Please Help!

15. A L |Feb 8, 2018 13:40

Current price 11.9

14. IPOBeginner |Feb 8, 2018 09:16

Listed @ 10

14.1. SecTheta |Feb 8, 2018 10:02

It''s already 7% up!
IMO it should be closed at UC as HUGE buyers and very low sellers.

13. PJN |Feb 7, 2018 14:23

KITNA PROFIT /LOSS HAI

12. Analyst. Ipo |Feb 6, 2018 20:07

Paantmonth last 10ipo listed positive and hit rate is quite high.. That''s the only factor of positive listing and hope.

11. Analyst. Ipo |Feb 5, 2018 21:24

Allotment is out..

10. DAGA |Feb 5, 2018 20:25

Allotment just out

9. Hiteshji |Feb 4, 2018 15:14

Top Contributor (300+ Posts, 200+ 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 |Jan 31, 2018 22:58

possible 1 UC

Load more comments (3 replies)

8.4. Analyst. Ipo |Feb 1, 2018 15:03

2 UC now.. Tax rate reduction of 25% and new textile sopes.

8.5. SecTheta |Feb 1, 2018 16:12

Seems possible as issue size is very low...let''s see..

7. SecTheta |Jan 31, 2018 17:36

Final Figures at 5:30 PM:

HNI: 1.79X
Retail: 7.33X
Total: 4.56X

Load more comments (3 replies)

7.4. SecTheta |Jan 31, 2018 22:44

I agree with Umang. Now a days every second SME is coming with ridiculously high valuations. Better to stay away!

7.5. Analyst. Ipo |Feb 1, 2018 00:20

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 |Jan 31, 2018 12:43

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 |Jan 30, 2018 16:16

Check Latest Subscription
http://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_FPO.aspx?Scripcode=3596

4. SekharG |Jan 23, 2018 09:36

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."

Load more comments (4 replies)

4.5. SecTheta |Jan 29, 2018 12:41

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 |Jan 29, 2018 13:09

IPO Mentor (500+ Posts, 700+ Likes)

@SecTheta Thank you very much

3. SecTheta |Jan 23, 2018 21:58

Highly priced issue. Nothing left for Investors! Bad pricing ...

3.1. coolaks |Jan 24, 2018 10:31

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 |Jan 25, 2018 16:40

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 |Jan 22, 2018 13:46

it is good SME to apply for IPO please suggest,

2.1. JUSTIN |Jan 24, 2018 16:55

It will trade 1-5 after listing within 6 month.

1. NPP |Jan 19, 2018 11:04

Good issue for long term investors ..
Listing gain not sure,

1.1. JUSTIN |Jan 19, 2018 22:02

This is Not good company. don''t apply this ipo.

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